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Asia/Australia
Under the old definition, beer had to be made from water and hops and have a malt content of 67 percent or higher. But on 1 April 2018, when the new law came into effect, that was lowered to 50 percent, marking the first change in 110 years.
Asia/Australia
It’s tit-for-tat. After president Trump introduced tariffs on USD 60 billion worth of Chinese goods, the Chinese Ministry of Commerce retaliated and hiked tariffs on 128 US products, including an additional 15 percent tariff on wine as was reported on 2 April 2018.
Asia/Australia
The tanks and process technology expert announced Lars Roed as its new Chief Commercial Officer (CCO). The 48-year-old will thus account for the company’s worldwide sales and marketing activities. In doing so, Roed can benefit from his decades of inside experience: The mechanical engineer has been working for the company since 1994.
Asia/Australia
Tsingtao Brewery, the country’s number two brewer, on 27 March 2018 posted a 21 percent jump in annual profits, short of forecasts but still the firm’s fastest profit growth since 2010 after it had reined in costs.
Asia/Australia
China Resources Beer is negotiating partnerships with foreign brewers as it hopes to sell more premium beers, according to its CEO Hou Xiaohai. He hopes that a tie-up with an overseas brewer will help China’s major brewer to move upmarket, Mr Hou told an earnings conference on 21 March 2018.
Asia/Australia
They are not bowing to the craft beer boom, just expanding their portfolio. Australia’s oldest family owned and run brewery, Coopers, has launched its popular new beer, Session Ale, in cans and bottles across Australia. In March 2018. The summer-style ale was introduced in kegs to the on-premise late last year. By January it had become Coopers’ second largest selling keg beer (after Original Pale Ale and ahead of Sparkling Ale and Mild Ale).
Asia/Australia
So they have given the Cascade Brewery a new lease on life. After an AUD 10.3 million (USD 8 million) upgrade, supported by a AUD one million contribution from the local government, AB-InBev’s Tasmanian brewery will increase its production capacity by 65 percent to probably over 350,000 hl and become the brewer’s Australian craft beer hub.
Asia/Australia
China Resources Beer is negotiating with Heineken to acquire its China business, which could be worth more than USD one billion, media report. As CR Beer seeks new growth from high-end brands, observers are not surprised by this potential deal. However, many believe the valuation will be the key factor and the synergy effect is still under observation.
Asia/Australia
AB-InBev’s venture capital division ZX Ventures will open a craft brewery in Wuhan, central China, in order to tap into the growing market for premium beers in the country, media reported in early February 2018.
Asia/Australia
… and rightly so. Apparently, Brisbane’s small brewers are more than a little disgruntled that the Queensland government is trumpeting its financial support for Scottish craft brewer BrewDog, which will build a brewery cum restaurant in that city and create over 200 jobs.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
