South African Brewery (SAB), part of AB InBev is replacing its broad-based black economic empowerment scheme SAB Zenzele, when the scheme reaches maturity in May 2021, with a new program ‘Zenzele Kabili’, opening up a R5.4B (USD 380M) opportunity in AB InBev shares.
AB InBev is nominating Vineet Sharma as the company’s VP of Marketing & New Business Development, South Asia Zone. Previously Mr. Sharma held the position of Trade Marketing Director, South Asia for the company. One of the key focus areas for Mr. Sharma will be shaping AB InBev’s strategy for growth in India.
MolsonCoors launches its first USDA certified organic beer, ‘Coors Pure’. The beer made with simple, quality ingredients is a light lager with a subtle malt sweetness along with low bitterness and a slight citrus hop notes. Early marketing is focused on active lifestyles, like running, where a 92 Calorie, No-Sugar organic beer can fit well with these active consumers. Coors Pure is available now nationwide in 12- and 24-packs of slim cans, as well as single 16 and 24-ounce cans.
Molson Coors nominates Julia M Brown as an independent director to join its Board of Director, for election at the company’s Annual Meeting of Stockholders during May 2021. Recently, Ms. Brown assumed the role of Chief Procurement Officer for Mars Wrigley, having experience across strategic sourcing, purchasing, co-manufacturing and logistics.
Heineken plans to invest $183M to expand its Ponta Grossa brewing plant in Brazil. The company plans the investment over a two-year period during 2021 and 2022 and focuses the investment their ability to brew their leading Heineken and Amstel brands. The investment will lead to increase beer production capability by 75%.
Carlsberg announced a share buy-back programme, as per the company’s recent announcement. The company will repurchase Class B shares with a value up to DKK 0.75B. The programme is taking place till April 23rd, 2021, during which a maximum of 10M Class B shares will be bought back.
Asahi’s CEO is positive toward growth for their the ‘Super Dry’ beer brand and believes their flagship ‘Super Dry” brand can break into the top 10 of global brews by 2030. The goal will be achievable through a focus on urban drinkers across Europe and China, according to the announcement.