Coca-Cola FEMSA leaves the Philippines

Beverage company Coca-Cola FEMSA will now solely operate in the Latin America region after it took the decision to sell its 51 per cent stake in Coca-Cola FEMSA Philippines. Coca-Cola’s Bottling Investments Group is to take over management of its operations in the Asian country following a shareholder business review.Chief executive John Santa Maria said: “As part of our efforts...

Asia growth lifts profits at Carlsberg

Danish brewer Carlsberg grew its consolidated profit for the first half of the year by 6.5 percent to DKK 2.88bn (US$439m), compared with the same period in 2017, despite a fall in sales.Carlsberg said its high-performing Asian unit was one of the reasons for the strong performance, with sales increasing by 7 per cent in the region, thanks partly...

Kiwi infant-formula canner to double sales

New Zealand-based infant nutrition producer Blue River Dairy expects to double sales next year with the installation of a new canning line.With the expansion, Blue River is planning to produce 15 million cans in 2019. It has already doubled its permanent staff in the past 12 months from about 50 to about 105, with at least 20 more required...

Carlsberg increases Cambodian ownership

Danish brewer Carlsberg has increased its ownership in Cambodian brewer Cambrew Limited by 25 per cent and now owns 75 per cent of the company. One of the largest brewers in Cambodia and owner of the ‘Angkor Premium Beer’ brand, Cambrew also produces Pepsi Cola under licence for the domestic market.Carlsberg chief executive Cees ’t Hart said: “The increased ownership...

Anheuser-Busch InBev appoints North Europe chief

Paula Lindenberg is to become president for brewer Anheuser-Busch InBev (AB InBev) in the North Europe region next year, replacing Jason Warner who will become zone president for Europe. Currently vice president of marketing for AB InBev subsidiary Ambev in Brazil, Lindenberg has been responsible for its key Latin American brands, including Skol, Brahma and Antarctica but will now relocate...

Baxters celebrates 150 years of soup with a limited-edition can

Cans with special silver labels have been used by Scots soup maker Baxters to celebrate its 150th anniversary.The limited-edition cans of Royal Game soup, recalling a design from the 1930s, mark George Baxter setting up a grocery shop in Fochabers in 1868. Using 73mm two-piece tinplate cans with easy-open ends, the soup has been available from retailers in the...

Craft breweries in US grow by 20% year on year

Growth in small and independent craft brewers in the US remained strong for the first half of 2018 with an increase of almost 20 per cent in the number of active breweries.This was the headline in the latest mid-year figures published by The Brewers Association, which also revealed that volume in the craft brewing segment grew by five per...

AB InBev to continue investment in Africa

To compete with rival Heineken and take advantage of continued demand growth in Africa, Anheuser-Busch InBev is to build a new brewery in Mozambique in the second half of 2019.The brewery will be built with room for expansion and initially have an annual production capacity of two million hectolitres. AB InBev has yet to reveal which of its brands...

PepsiCo chief executive Indra Nooyi steps down

PepsiCo’s chief executive Indra Nooyi is to step down in October after 12 years at the helm of the global beverage and food company. Nooyi will remain chairwoman until early 2019 to ensure a smooth and seamless transition. Ramon Laguarta has been elected to succeed Nooyi as chief executive and will join the company’s board, also in October.During her tenure,...