Carlsberg Malaysia is allocating RM 110M to upgrade a number of brewing facilities and represents the largest capex expenditure during the past 30 years. The upgrades are expected to be completed by the end of 2022 and are focused on improving the filling capacity of bottling lines, increasing overall brewing capacity, and add further operational …
Carlsberg Malaysia announces upgrades to brewing facilities Read More »
Carlsberg has announced their new five year strategy, SAIL’27. The main elements for strategy are to deliver organic revenue growth rate of 3-5% annually, and to expand product offerings beyond beer which includes such categories as cider, seltzers and non-alcohol beer.
The vote was cast during the company’s extraordinary general shareholder meeting to confirm the transaction. Each Voting Resolution received support from more than 94% of the total registered shareholders. The outcome of the vote brings the Heineken one step closer to the R38.5B acquisition and a further expansion into the southern Africa alcohol industry.
Heineken Brazil announced an allocation of R$320M for investments in the Sao Paulo region, focused upon further modernization of the factories in Campos do Jordao, Araraquara, Itu, and Jacarei along with new job creation in the region. The funds are also targeted for sustainability actions and enhanced environmental practices.
AB InBev received the ‘Creative Marketer of the Year’ award from the Cannes Lions International Festival of Creativity, which will be presented on June 24th. The company celebrates this award as great recognition for their commitment to harness the power of creative teams and partners around the world.
Several big brewers have recently announced their financial results for 2021. The results are wide-ranging as Carlsberg announced an increase in its dividend, while AB InBev missed analysts’ expectation for earnings per share but beat the Q4 2021 revenue by $530M (Total Revenues 14.2B) and Heineken reported a net revenue (beia) organic growth of 12.2% …
Fruit beers are on the rise as craft brewer offerings look more and more like a menu at a smoothie bar. More sweet and tangy fruits are finding their way into beers, from pineapple to passionfruit. App based craft beer retailer, Travour, has seen an explosion in fruited styles in the last 12 months, with …
Diageo has sold their Meta Abo Brewery in Ethiopia to the French multinational Castel Group, which already owns BGI Ethiopia. BGI has been the major brewery in Ethiopia with over 50 percent market share of beer market in the country. Meta Abo was privatized by the Government of Ethiopia in 2012 and sold to Diageo …
The deal represents one of the biggest foreign investments into South Africa in recent times with an offer for R180 per share, valuing Distell at R40.1B (€2.29B). The offer is a 35% and 53% premium over the 30-day and 90-day average share prices to May 17, 2021, respectively, which was the day before an announcement …
The acquisition increases the Jabre family holding to more than 70% from their previous 12.5% stake. Heineken retained a minority ownership in Almaza, which maintains a presence for their international brands and will continue to provide technical support.
