China Resources Snow Breweries Limited ("CR Snow"), SABMiller’s joint venture in China with China Resources Enterprise, has announced that it has agreed to acquire four breweries in separate transactions.
Within hours on 27 June, CCA’s shares had dropped 23 cents or 2.48 percent to AUD 9.04, despite a company forecast of 12 percent growth in earnings before interest and tax (EBIT) for the first half of 2007.
The 30th Institute of Brewing & Distilling Asia Pacific Section Convention will be held in the SkyCity Convention Centre in Auckland, New Zealand between 6 and 11 April 2008.
Independent Distillers Group is the new name of the former New Zealand-based Independent Liquor operation.
Prior to the release of its first half results, Kirin Holdings, Japan’s second-biggest brewer, issued a profit warning, saying that its first-half profit would fall by a smaller-than-expected 21 percent due to lower promotion costs, and a robust performance from its partner San Miguel.
Brauwelt International is pleased to announce that in the 2007 Australian Honours List our correspondent John Harvey from Adelaide was awarded the medal in the general section of the Order of Australia in the Queen’s Birthday announcement on 11 June 2007.
In a move aimed at pacifying disgruntled investors, who think that the company would be better off splitting the beer operation from the wine division than pursuing its flawed multi-beverage strategy, Foster’s CEO Trevor O’Hoy, for the first time, admitted that such an option was worthwhile pondering.
San Miguel has taken investors by surprise when it announced that it was going to get out of beverages and into heavy industries.
It was brewery with a great view. From the brewhouse you could see the Pacific Ocean rolling gently against the shore. Soon no more. Foster’s has decided to economise while making the most of Australia’s efficient transport system.
Singapore’s Asia Pacific Breweries (APB), the maker of Tiger Beer, opened a USD 20 million brewery in the Mongolian capital through a venture with a local partner.