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Asia/Australia
That’s a blow to AB-InBev. The Chinese government not only prevented them from obtaining SABMiller’s 49 percent stake in CR Snow, the country’s major brewer. It also forced AB-InBev to accept a price which is far below analysts’ original valuation.
Asia/Australia
It’s so blatantly obvious. How to raise your profits? Answer: lower the excise. In late February 2016 and only a few days after announcing a 3 percent decline in volume sales for fiscal 2015, Australia’s major brewer Lion advised reductions in alcohol content for three of its major beers: XXXX Bitter, Tooheys Extra Dry and James Boag’s Premium Light.
Asia/Australia
After decades of rising sales, brewers in China have to adjust to a new reality: beer sales in China fell 7.3 percent in the January to September period last year. Beer sales dropped for the first time in 2014 and the downtrend continued into 2015.
Asia/Australia
Call it frontier spirit. A company owned by Western Australian grain growers and the Indonesian billionaire Anthony Salim is currently constructing an AUD 90 million (USD 64 million) malting plant in Vietnam that is likely to change the face of the local brewing industry.
Asia/Australia
The Brewers Association may boast that craft beer exports are growing by double digits, but on close inspection one can see which brands are actually benefitting from foreign markets’ pull: they are AB-InBev’s “crafty brands”. Last year already its Goose Island beers were sitting prominently on Dutch and Belgian supermarket shelves.
Asia/Australia
The 40th anniversary of the introduction of the Jacob’s Creek range by Orlando Wines in 1976 was marked by a feature in the Adelaide press which related the history of this now very popular Australian brand.
Asia/Australia
In 2016, Lehui celebrates its 25th anniversary. Over the last 25 years, the company has become one of Asia’s leading brewing and beverage equipment manufacturers, supplying their customers with high quality equipment and turn key solutions. It provides the full life cycle services to the industry, including planning, consulting, design, civil works, manufacturing, systems integration, project management, installation, commissioning, training, commercial production and more.
Asia/Australia
Trust Australian journalists to go snooping after Lion’s figures as soon as the market-leading local brewer submits its financial results with the corporate regulator. On 26 January 2015 media revealed that the Lion-Heineken joint venture suffered a 16 percent fall in annual profits in its latest financial year (ended 30 September 2015) as net profit after tax dropped to AUD 10.5 million (USD 7.5 million) from AUD 12.5 million a year earlier. However, sales increased 2.5 percent to AUD 67.4 million (USD 47.7 million) in the financial year 2015.
Asia/Australia
Same procedure every year. The announcement of annual beer production figures in Vietnam is usually accompanied by a bit of cacophony from the nomenklatura, some calling for further privatisations of the state-owned breweries with others reject such claims.
Asia/Australia
Oh Lordy, how many changes in ownership can the brewer CUB take? Until 2011 CUB was part of Foster’s, which then sold it to SABMiller for AUD 12.3 billion (almost USD 12 billion in those days).
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