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Tag "SABMiller"

SABMiller packaging shows beer temperature

UK-based beverage company SABMiller has launched a new smart sensor technology that shows the perfect drinking temperature of beer.
Based on a colour-changing ink concept, the sensor is enclosed in a pack that accurately displays the beer’s temperature after a button is pushed.
The development is the result of a partnership between SABMiller and Germany-based Fraunhofer Institute.
The […]

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Emerging Markets Drive SABMiller

    Emerging Markets Drive SABMiller

SABMiller, the world’s second largest brewer, has reported an 11% increase in revenue to $31.4 billion and a 12% rise in EBITA to $5.6 billion, with underlying lager volumes up 3% to 229 million hectolitres, reflecting particularly strong growth in Latin America and Africa.
EBITA increased by 8% on an organic, constant currency basis, with all […]

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Directorate and Senior Management Changes at SABMiller

    Directorate and Senior Management Changes at SABMiller

SABMiller has announced a number of directorate and senior management changes that will all become effective from the date of this year’s annual general meeting on 26 July 2012. Meyer Kahn, who first joined the group in 1966, and who has been chairman of SABMiller since its primary listing on the London Stock Exchange in […]

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SABMiller’s Lager Volumes Decline in Europe

    SABMiller’s Lager Volumes Decline in Europe

Global brewer SABMiller has reported a 1% organic decline in full year lager volumes in Europe as beer market growth continued to be subdued and competitors aggressively promoted economy brands and packs. Fourth quarter volumes were down 2%. The completion of planned de-stocking in the second half of the year affected Poland and Romania, which […]

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SABMiller and Anadolu Efes Complete Strategic Alliance

    SABMiller and Anadolu Efes Complete Strategic Alliance

International brewers SABMiller and Anadolu Efes have completed their strategic alliance covering Turkey, Russia, the CIS, Central Asia and the Middle East, which was originally announced last October. SABMiller has transferred its Russian and Ukrainian beer businesses to Anadolu Efes in return for a 24% shareholding to be listed on the Istanbul Stock Exchange.
The combination […]

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SABMiller Appoints New Group Chief Brewer

    SABMiller Appoints New Group Chief Brewer

SABMiller has appointed Professor Katherine Smart (pictured) as group chief brewer to replace Professor Barry Axcell, who is retiring at the end of July 2012 after almost 35 years of service with the company. Katherine Smart, who is the current SABMiller Professor of Brewing Science and the Head of the School of Biosciencesat the Universityof Nottingham, […]

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SABMiller and Molson Coors Move into Fast Growing US Cider Market

    SABMiller and Molson Coors Move into Fast Growing US Cider Market

SABMiller and Molson Coors, through their MillerCoors brewing joint venture in the US, have moved into the cider market, the American beer industry’s fastest-growing category. Tenth and Blake Beer Company, MillerCoors’ craft beer and import division, has acquired Crispin Cider Company, the third largest producer of cider in the US.
Crispin Cider Company produces European-style natural […]

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SABMiller’s Acquisirion of Foster’s Approved

    SABMiller’s Acquisirion of Foster’s Approved

The Australian competition authority has approved SABMiller’s acquisition of Foster’s Group, the Austrialian brewer, and the 50% of soft drinks business Pacific Beverages currently owned by Coca-Cola Amatil. SABMiller has provided certain undertakings in relation to the Foster’s acquisition including keeping management of Foster’s operations located in Australia, and not relocating any of Foster’s existing […]

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SABMiller Continues Investment in Developing Markets

    SABMiller Continues Investment in Developing Markets

SABMiller is to invest a total of $555 million to expand the capacity of its subsidiaries in the developing markets of Uganda, Ghana, Zambia and Tanzania in Africa, and Peru in Latin America. SABMiller will invest $260 million in the four African countries.
 
SABMiller Africa’s impressive growth trajectory continued in the first half of the year to […]

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Developing Markets Drives Sales and Earnings Growth at SABMiller

    Developing Markets Drives Sales and Earnings Growth at SABMiller

Global brewer SABMiller has increased lager volumes by 3% on an organic basis for the six months to September 30th 2011 led by robust growth in Latin America, Africa and Asia. Reported group revenue rose by 10% to $15.69 billion with organic, constant currency revenue growth of 6%. EBITA also grew by 10% to $2.70 […]

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SABMiller Wins Foster’s

    SABMiller Wins Foster’s

As expected, SABMiller’s sweetened bid for Foster’s has been recommended by the Australian brewer’s board. The agreed proposal represents an acquisition enterprise value of A$11.5 billion, which is a 2.8% increase on the enterprise value of A$11.2 billion implied by SABMiller’s initial proposal announced on June 21st 2011.
 
The acquisition is in line with SABMiller’s strategic […]

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SABMiller Expands in China

    SABMiller Expands in China

SABMiller, through its joint venture with China Resources Enterprise, has strengthened its position within the fast growing Chinese beer market. China Resources Snow Breweries has entered into an agreement with China Kweichow Moutai Distillery Co to jointly invest in Guizhou Moutai Beer and form a joint venture called China Resources Snow Breweries (Junyi). As part […]

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Foster’s Board Rejects SABMiller’s Hostile Offer

The board of Foster’s intends to advise shareholders to reject SABMiller’s proposed offer of A$4.90 per share in cash. Indeed, the board has reiterates its belief that the offer, at the same price as SABMiller’s initial offer made in June, significantly undervalues Foster’s.
 
Foster’s beer portfolio includes Australian icons such as VB, Cascade, Crown Lager, Carlton […]

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SABMiller Makes Hostile Bid For Foster’s

    SABMiller Makes Hostile Bid For Foster’s

SABMiller has made a hostile move to acquire Foster’s after its initial offer was rejected by the Australian brewer’s board. SABMiller first approached Foster’s on June 20th 2011 with a confidential acquisition proposal of A$4.90 per share in cash, valuing Foster’s at A$11.2b (Eur8.1b).
 
As there has been no willingness to engage in relation to SABMiller’s […]

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SABMiller to Renew Foster’s Bid

    SABMiller to Renew Foster’s Bid

SABMiller is reported to be planning to renew its efforts to acquire Australian brewer Foster’s. Foster’s is due to report a major fall in brewing profits when it announces its full year results on August 23rd, leading to a further decline in its share price.
 
SABMiller made its initial offer of A$11.2b (Eur8.1b) in June but […]

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Heineken Starts Amstel Brewing in Russia

    Heineken Starts Amstel Brewing in Russia

Heineken has commenced the brewing of its Amstel brand at its St Petersburg brewery in Russia. Heineken is reported to be aiming to capture a 1% share of the Russian beer market for Amstel by the end of the year as consumer demand for premium beer brands, such as Heineken and Zlaty Bazant, recovers.
During the […]

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Foster’s Rejects A$11.2b SABMiller Approach

    Foster’s Rejects A$11.2b SABMiller Approach

Foster’s Group, the largest brewer in Australia, has rejected an unsolicited A$11.2b (Eur8.3b) acquisition approach from SABMiller. The proposal to acquire Foster’s is in line with SABMiller’s strategy to create an attractive global spread of businesses, with a focus on developing strong and successful brand portfolios.
Australia has a strong, wealthy and growing economy with consistent […]

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Sales and Profits Fall at Plzensky Prazdrof

    Sales and Profits Fall at Plzensky Prazdrof

An increase in the excise duty on beer and adverse economic conditions in its domestic market have hit sales and profits at Plzensky Prazdrof, the Czech brewer which produces the famous Pilsner Urquell brand. Revenue decreased by 5.5% to CZK14.559b (Eur ) and profit before tax dropped 10.8% to CZK4.180b for the year ended March […]

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Diageo and SABMiller End Brewing and Distribution Agreement

Diageo, through its subsidiary East African Breweries, has agreed to purchase SABMiller’s 20% shareholding in Kenya Breweries for $225m. The deal is subject to EAB disposing of its 20% shareholding in Tanzania Breweries, which is majority owned by SABMiller, through a public offer.
The two deals effectively end a brewing and distribution agreement between Diageo and […]

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Solid Performance By SABMiller

    Solid Performance By SABMiller

Global brewer SABMiller has reported a 7% rise in group revenue to $28.3b, with organic, constant currency group revenue growth of 5% for the twelve to March 31st 2011. Lager volumes of 218m hectolitres were 2% ahead of the prior year on an organic basis with particularly good growth in Africa, South Africa and Asia.
Reported […]

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SABMiller Opens New £3 Million Research Brewery in the UK

    SABMiller Opens New £3 Million Research Brewery in the UK

SABMiller today announces that it has commissioned a £3 million global brewing research facility in Nottingham, with the aim of pioneering new developments in the science of brewing.  Housed within the University of Nottingham’s School of Biosciences, the Brewing Research Facility (BRF) will explore new brewing technology and processes, putting the UK at the centre […]

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Board Changes at SABMiller

    Board Changes at SABMiller

Malcolm Wyman, chief financial officer of SABMiller, has confirmed his intention to retire from the company at the end of August 2011, and will stand down from the board on July 21st 2011. He will be replaced by James Wilson, currently finance director for SABMiller Europe.
James Wilson joined SABMiller in 2005 and has held a […]

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SABMiller’s Lager Volumes Down in Europe

  SABMiller’s Lager Volumes Down in Europe

Global brewer SABMiller has reported that its lager volume in Europe declined by 3% in the 12 months to March 31st 2010, reflecting a particularly challenging first half impacted by generally weak economic conditions. Fourth quarter volumes were up 2% benefiting from a weak comparative period due to prior year excise increases in Russia and […]

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Brewery Expansion by SABMiller

  Brewery Expansion by SABMiller

SABMiller is investing an additional $15m in its operations in South Sudan to increase production capacity and build on the strong performance of its local brand portfolio. The state-of-the-art brewery in Juba, which was commissioned in 2009 following investment of $37m, is currently at full capacity.
By November 2011, the brewery will have increased brewing capacity […]

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SABMiller to Build New $100 Million Brewery

  SABMiller to Build New $100 Million Brewery

SABMiller will invest over $100m in building a new greenfield brewery in Onitsha, in South Eastern Nigeria. The Anambra State Government and other Nigerian investors will hold up to 20% of the shares in the new business.
On completion the brewery, which is expected to produce Grand Lager, Eagle, and Castle Milk Stout among other brands, […]

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Ten Brewers Control 61% of Global Beer Market

  Ten Brewers Control 61% of Global Beer Market

Worldwide beer consumption has increased by over 3% per annum during the last ten years and the top ten brewers now account for over 60% of global beer volume, compared to 38% in 2000. A new report by Rabobank titled ‘Value creation in the Beer Sector through M&A activities’ looks at changes in the beer […]

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SABMiller Reveals Europe’s Most Popular Beer Drinking Destination

  SABMiller Reveals Europe’s Most Popular Beer Drinking Destination

Prague, Amsterdam and Berlin have been named the top European destinations for a beer, according to a new report into European beer drinking culture by SABMiller, one of the world’s largest brewers.
The report, ‘Whose Round?’ which was researched across 12 European countries, found that 20% of all respondents named Prague as their top city for […]

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SABMiller Enters Argentinean Beer Market

  SABMiller Enters Argentinean Beer Market

SABMiller, one of the world’s largest brewers, has acquired Cerveceria Argentina SA Isenbeck (CASA Isenbeck), the third largest brewer in Argentina, from the Warsteiner Group. CASA Isenbeck’s principal brands are Isenbeck and Warsteiner, with total sales volumes in 2009 of approximately 600,000hl.
Its brewery is located in Zarate, near Buenos Aires, and has a total capacity […]

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Global Spread and Big Brands Drive Profit at SABMiller

  Global Spread and Big Brands Drive Profit at SABMiller

SABMiller, one of the world’s leading brewers with operations and distribution across six continents, has increased reported EBITA by 13% to $2.47b for the six months to September 30th 2010. The growth was 10% on an organic, constant currency basis, as key operating currencies strengthened against the US dollar compared to the equivalent period in […]

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Foster’s Turns Down Offer for Wine Business

  Foster’s Turns Down Offer for Wine Business

Foster’s, the Australian brewer and wine maker, is reported to have rejected a cash offer of up to A$2.7b (£1.6b) from an unidentified international private equity firm for its troubled, global wine business, which it plans to demerge. The offer was spurned as undervaluing the wine business, which analysts have valued at more than A$3b.
However, the move […]

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SABMiller Interested in Foster’s

  SABMiller Interested in Foster’s

SABMiller, the world’s second biggest brewer, is reported to be considering launching a £7b bid for the beer business of Foster’s, the Australian brewer and wine producer. Carlton & United Brewers, Foster’s beer operation, produces Victoria Bitter and Foster’s lager.
A successful bid by SABMiller would make it the biggest brewer in Australia and strengthen its […]

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SABMiller Calls For Greater Environmental and Social Disclosure

SABMiller, the world’s second largest beer company, is calling on the brewing industry to improve disclosure on environmental and social impacts. The company is taking a lead by publishing detailed information about the impacts of its own operations around the world, in an online format which allows for greater insight and scrutiny into the country-level […]

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SABMiller Unveils Low-energy Boiling Technology

  SABMiller Unveils Low-energy Boiling Technology

SABMiller’s global brewing technical team has developed innovative technology which dramatically reduces the energy input required in the boiling process within its breweries. The new technology, which will be introduced across a number of SABMiller’s operations in the coming year, can dramatically cut the energy required at the point the unfermented ‘wort’ is heated to […]

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