Brewery AB InBev opened a new brewery in China, which will produce 1.5 tons of beer. It will be the company’s largest Asian brewery and the company’s goal is to take full advantage of the growing Chinese middle-class.
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Beer brewer AB InBev failed to live up to expectations in its third quarter. Analysts had expected a small volume increase, but the Belgian-Brazilian company had to accept a loss.
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Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.
Belgian-Brazilian brewing giant AB InBev will double down on its efforts to market its American Goose Island beers in Belgium. They were launched about a year ago, but need to gain more visibility in bars now.
In the first half of the year, Danish beer brewer Carlsberg saw its turnover grow 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Belgian Grimbergen, contributed to this turnover increase.
Bavaria, which acquired Palm Belgian Craft Brewers a year ago, will invest 20 million euro into the modernization of its Steenhuffel-based brewery. The Dutch company did similarly, with 2.3 million euro, for its affiliate brand Rodenbach in Roulers.
Brewery Duvel Moortgat set record results in 2016: its turnover exceeded 400 million euro for the first time. Since it left the stock exchange in 2013, the company’s turnover and profit more than doubled.
“The beer market has never been as interesting as it is now”, AB InBev’s sales director off-trade Benoit Bronckart said. There is a positive vibe in the beer industry and the brewer has embraced diversity more than ever.
The famous beer platform RateBeer.com, which publishes annual lists of the best beers and breweries, is now partly owned by AB InBev. This does not sit well with a number of smaller companies.
Heineken has finalized its Brasil Kirin Holding acquisition and can now focus on its charge into the third largest global beer market and home to its major competitor AB InBev.
Belgian-Brazilian brewery AB InBev will invest 2 billion dollars (1.8 billion euro) into its American breweries over the next few years. 500 million dollars will already be invested this year.
AB InBev’s alcohol-free beer, Jupiler 0,0 %, is a resounding success, surpassing its predecessor’s annual volume by the end of the month. Despite this positive note, the overall beer market is not great shape.
Dutch brewery Bavaria has already reaped the rewards from acquiring its Belgian competitor Palm: turnover spiked and despite further investments, profit also grew.
AB InBev has had a disappointing fiscal year 2016, even so much so that the beer giant will cancel bonusses for its management team. For the seventh time in a row, both its turnover and operational income were below analysts’ expectations.
Boortmalt's malt factory in Antwerp will soon be expanded with a 4th location, bringing the site's total capacity to 470,000 ton. When finished, this will be the world's largest malt factory.
Katoen Natie has prolonged its contract to ship AB InBev's beers through the port of Antwerp for five years. In two years' time, the world's largest beer terminal should double to four billion bottles of beer per year.