Carlsberg has reported ‘strong results in a challenging environment’ for FY2022: adding that higher prices and inflation could have an impact on beer consumption in 2023.
Consumption of PepsiCo’s Imunele, a drinkable yoghurt fortified with two probiotic strains and a vitamin complex was found to reduce the frequency of upper respiratory tract infections (URTI) among female subjects in a randomised double-blind control...
PepsiCo Russia and Coca-Cola Hellenic have both announced plans to shut down beverage plants in Russia, with Coca-Cola telling BeverageDaily.com the company has to enhance its competitiveness in ‘the new economic realities.’
ANALYST BELIEVES DEPRESSED MARKET MAY FORCE FURTHER CLOSURES
Carlsberg will close two breweries in Russia and cut its capacity there by around 15%, with its local subsidiary Baltika Breweries blaming 'disproportionate' laws and taxes.
Coveris Rigid Poland has launched its DuoSmart cups in Ukraine to target the dairy and processed foods sector, but admits it was a courageous decision to invest there given the turbulent economy.
Carlsberg’s CEO warned today that its Russian subsidiary Baltika Breweries is considering brewery closures due to a fragile consumer confidence affected by the ongoing Ukraine crisis.
Unilever CEO Paul Polman is confident that Russia will be an important growth market for the firm, and is ready to invest in new facilities and acquisitions in the area despite a slowing economy.
Unfavourable weather conditions in the Asia, Brazil and the US, coupled with increased political tension in the Black Sea region have led to a steep increase in world food prices, says the FAO.
Carlsberg’s CEO says that deadly clashes between police and opposition protestors in Ukraine have not hit beer sales yet but hinted that they could do so in future.
South America’s largest wine producer Concha Y Toro says its new long-term distribution deal with Russian Standard presents it with a ‘huge growth opportunity’.
Scotland’s BrewDog is releasing a limited edition beer called My Name is Vladimir poking fun at Russia’s autocratic leader and slamming the state’s ‘sick, twisted’ legislation on homosexuality.
Mexico's Casa Cuervo has signed a deal with Russian Standard to distribute and market its Jose Cuervo tequila portfolio in Russia where demand for the spirit is soaring.
CARLSBERG SUBSIDIARY BALTIKA 'PLEASED' TO SPONSOR SOCHI
Over 320,000 people have signed a petition calling on Coke to condemn Russia’s ‘draconian’ new laws on homosexuality ahead of the 2014 Sochi Winter Olympics.
Carlsberg insists that analysts following the firm should take a long-term view of its market share in Russia, as it brushed off concerns over a slight erosion of its position there in the fourth quarter of 2012.
Carlsberg CEO Jørgen Buhl Rasmussen has suggested that rival SAB Miller and new strategic partner Anadolu Efes may be facing challenges in Russia as they combine their businesses, as his firm wins market share.
Rexam will await the effects of higher beer prices before adding extra Russian beverage can capacity, as new comments by Russian president Vladimir Putin sent major brewers’ share prices tumbling yesterday.
Rexam has revealed that it will produce Europe’s first 75cl can, first launched onto the Russian and Eastern European markets at the end of 2011, and says the product also has promise further west.
Carlsberg's Eastern European chief has stepped down from the company only weeks before the release of third quarter (Q3) results that are expected to highlight the significant challenges it faces in Russia.
Elopak is opening a major new factory in Saint Petersburg to pursue carton packaging customers in juice and dairy - two industries experiencing very different growth trends in Russia.
A poor Russian wheat harvest and a ban on grain exports are unlikely to have a major impact on the European beer market, but could represent another setback for the home market, according to a Canadean analyst.
Guala Closures Group has said its takeover of Bulgarian company Danik had been carried out as part of its expansion strategy in Central and Eastern Europe (CEE).
Rexam PLC has been accused of illegally fixing the price of aluminium cans and lid ends in the Russian Federation by the country’s competition authorities.
Eastern Europe’s potential as an antidote to declining beer demand in more mature markets has taken another blow as Carlsberg reportedly prepares to step up its focus on the emerging markets of Asia to offset concerns about regional sales.
“Food is a weapon – don’t waste it.” This message, which featured on a Second World War poster issued by the US Office of War Information in 1943, is a lesson from history we would do well to heed.
Increasing consumer power in Russia is drawing food and beverage
manufacturers to set up base in the country - which, in turn, is
opening opportunities for ingredients suppliers to do more business
in the emerging market.
PepsiCo says that its hopes to jump-start its manufacturing
presence in the high growth soft drink markets of Eastern Europe
and Siberia with the acquisition of local group Sobol.
In the latest briefs, Anheuser Busch continues to profit from its
increasing focus on export brands; not to be outdone San Miguel
also continues to enact cost savings in South China; and Rexam hits
Russia.
Increasing profitability within the beer markets of Eastern Europe
could further complicate the battle between Scottish &
Newcastle and Carlsberg for control of their regional joint venture
Baltic Beverages Holding (BBH).
SABMiller, the international brewer, has said it will invest $170m
in a new brewery in Russia as the firm continues to profit from
demand for premium beer in the country.
Heineken has said profits this year were likely to be better than
it thought, thanks to surprisingly good beer sales in both Eastern
Europe and the more stagnant US market.
Carlsberg's plan to scale down operations in Western Europe in
favour of emerging beer markets in Eastern Europe and Asia has
helped it to improve first quarter results this year.
Barry Callebaut has begun construction of a new state-of-the-art
chocolate factory in Russia, which should help the chocolate giant
better target the central and eastern European market.
Raisio will launch its Benecol functional ingredient in Russia - a
challenging market where obesity and cardiovascular disease levels
are high, but awareness of the dangers of high cholesterol is low.
Russia's decision to change procedures on excise stamps and import
licences for alcohol has backfired, with several domestic producers
reportedly having to suspend production.