Confidence in Anheuser-Busch InBev recovers after dividend cut

Shares in brewer Anheuser-Busch InBev (A-B InBev) are starting to recover after the sharpest price fall in a decade following the company’s most recent quarterly figures.The markets appear to have been concerned by poorer-than-expected results and a dramatic cut in dividend as the company tries to tackle the US$108 billion debt incurred by the 2016 acquisition of SABMiller.Third quarter...

Record sales for brewer Carlsberg after good summer

Strong growth in both India and China as well as a better-than-expected performance from its non-alcoholic products helped brewer Carlsberg record net sales of DKK 17.59 billion (US$2.68bn) in the third quarter, 7.4 per cent higher than in the same period last year.Volume growth in China was 6 per cent, whilst in India sales grew by 15 per cent,...

Weak sales in Canada stunts growth at MolsonCoors

Price increases helped US-based brewer MolsonCoors to lift its sales in the third quarter to the end of September by 1.8 per cent.Sales increased to US$2.93 billion, despite a fall in global beer volume of 1 per cent to 25.3 million hectolitres.There was also an increase in net profit of 34.4 per cent to $398.5m, compared with the same...

Coca-Cola’s profits rise by 26% in the third quarter

Profit in the third quarter for The Coca-Cola Company grew by 26 per cent to US$1.8 billion, compared with the same three months last year, as the global soft drinks giant completed the refranchising of its bottling operations in the US.The refranchising process means that net sales were lower in the quarter by 9 per cent, at $8.25bn, but...

Million-dollar canning investment for Yorkshire brewer

A north-of-England craft brewer has invested more than US$1 million to dramatically increase its canning capacity.Magic Rock Brewing, whose beers include Dancing Bier, Fantasma, Inhaler and Cannonball, has installed the first German-made KHS Innofill CAN Compact line to be delivered to the UK.Capable of filling up to 15,500 cans per hour, the rotary machine replaces a smaller Markl filler.The...

Craft beer cans go pink to support breast cancer awareness

To raise awareness of breast cancer, and help raise funds for its research, a craft brewer in the US has been marketing its beers with special pink label designs.Squatters Craft Beer in Utah has changed the design of its top-selling Hop Rising IPA during October in support of the American Cancer Society’s (ACS) Real Men Wear Pink campaign.In addition,...

Oregon wine canner invests in ‘fastest’ production line

What is claimed to be the fastest and most automated wine canning line in the industry is being set up by Union Wine Company in the north-west US state of Oregon.It is part of a 43,000 sq ft packaging facility being built at Tualatin by the US wine producer that also includes glass bottling lines. Union markets a range...

Craft brewers join forces across Europe

Craft brewing associations in nine European countries have agreed to form a new body called the Independent Brewers of Europe (IBE), whose aim is to promote and advance the mutual interests of its members.Groups from France, Italy, Denmark, Ireland, Sweden, the United Kingdom, Spain, Netherlands and the Czech Republic (*see list below), all of whom represent smaller, independent craft...

Krones completes process technology acquisition in US

German filling and packaging machinery supplier Krones has completed the acquisition of food and beverage processing equipment manufacturer W M Sprinkman Corporation.Founded in 1929 and with sales of around US$35 million last year, US-based Sprinkman specialises in the dairy and brewing industries, with its customer base ranging from start-up microbreweries to large multi-national producers.In acquiring Sprinkman, Krones and its...

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