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E-Malt.com Newsletter 37b
September 15 - September 18, 2016
Quote of the Week
Give my people plenty of beer, good beer and cheap beer, and you will have no revolution among them.
Queen Victoria
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Currency Rates
Base Currency: US Dollar
on September 16, 2016 |
Base Currency: Canadian Dollar
on September 16, 2016 |
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1 USD = 0.8894 EUR
1 USD = 0.7557 GBP
1 USD = 1.3189 CAD
1 USD = 1.3368 AUD
1 USD = 102.3200 JPY
1 USD = 3.3344 BRL
1 USD = 65.2170 RUB
1 USD = 6.6725 CNY
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1 CAD = 0.7581 USD
1 CAD = 0.5729 GBP
1 CAD = 0.6742 EUR
1 CAD = 1.0134 AUD
1 CAD = 77.5700 JPY
1 CAD = 2.5277 BRL
1 CAD = 49.3077 RUB
1 CAD = 5.0583 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, AZ: Huss Brewing Company acquires Papago Brewing Company
...Click here
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USA, TX: Two Wheel Brewing Co. eyes November or December opening
...Click here
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USA, ME: Flight Deck Brewing planned to open in Brunswick early next year
...Click here
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USA, WI: Vintage Brewing Co. to open a brewery in Sauk City
...Click here
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USA, CA: Danville Brewing set to open on September 20
...Click here
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Vietnam: Habeco reports unexpected decrease in first-half revenue
...Click here
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Brazil: Kirin Holdings to negotiate partnership to get struggling Brazil business back on track
...Click here
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UK: Scotch whisky toasts the first recovery in export volumes for three years
...Click here
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World: Investor advisory firm Glass Lewis recommends SABMiller shareholders vote in favour of takeover by AB InBev
...Click here
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Vietnam: Sabeco seeks approval to list shares on the Ho Chi Minh stock exchange
...Click here
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EU: Polish billionaire Sebastian Kulczyk may be interested in SABMiller’s European assets - sources
...Click here
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Brazil: Ambev aims at increasing sales of zero- and low-alcohol beer by 2025
...Click here
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Graph of the Week
Table of the Week
World Hops Production 2015 - 2016s
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
German Malting Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
PRACTICAL VARIABLES IN DRY HOPPING
ABSTRACT
The team at New Belgium Brewing in the U.S.
investigated the influence of hopping rate, temperature
and alcohol in beer to see what the driving parameters
are in dry hopping. They used a non-dry hopped IPA
with 7,5% and 9% alcohol as base beers and worked
with 125g, 250g and 500g per hl for dry hopping at
temperatures of 6 and 12 0C. They found that the dosing
amount and the temperature are of greater importance
than the alcohol content. However the yield of the
measured components (linalool, myrcene, caryophyllene
and humulene) did not increase linearly with increased
amount of hops used. The non-polar components were
better extracted at the lower temperature.
Holbrook, C.: Dry hopping of Beer, oral presentation at the World brewing congress 2016.
Read more
Source: Barth Innovations
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These Days in Business History
15 September
1857 - Timothy Alder patents typesetting machine
1928 - Alexander Fleming discovers penicillin
1952 - European Parliament forms in Strasbourg
1959 - The first successful photocopier, the Xerox 914, is introduced
16 September
1905 - Roald Amundsen discovers Magnetic South Pole
1906 - William Crapo Durant incorporates General Motors in Janesville Wisconsin
1908 - The General Motors Corporation is founded
17 September
2000 - The International Monetary Fund issues its World Economic Outlook report, forecasting that "growth is projected to increase in all major regions of the world, led by the continued strength of the U.S. economy, the robust upswing in Europe, the consolidation of the recovery in Asia and the rebound from last year's slowdown in emerging markets." Just weeks later, most regions of the world are tilting toward recession
18 September
1837 - Tiffany and Co. (first named Tiffany & Young) is founded by Charles Lewis Tiffany and Teddy Young in New York City
1842 - 1st edition of Pittsburgh Post-Gazette is published
1851 - The first edition of The New York Daily Times, which later became The New York Times,is published
1955 - The Ford Motor Company produced its 2,000,000th V-8 engine on this day, 23 years after the first Ford V-8 was manufactured
Agenda
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
08-10: Brouwplus 2016 (Antwerp, Belgium)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site www.e-malt.com
News Articles
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USA, AZ: Huss Brewing Company acquires Papago Brewing Company
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Huss Brewing Company in Tempe announced on September 14 that it has acquired Papago Brewing Company in Scottsdale, ABC15 Arizona reported.
Leah and Jeff Huss founded Huss Brewing Co. in 2013, and it is considered one of the fastest growing breweries in the Valley.
Papago Brewing Co. was founded in 2001 as a homebrew supply store and tasting room. It has since expanded its beer and food menu to become a neighborhood staple and is most well-known for its Orange Blossom mandarin wheat beer.
"Most important," says Huss co-owner Leah Huss, "acquiring the Papago beer brands ensures that the brand will stay in Arizona and not be bought by an out of state or international conglomerate."
Ron Kloth, President of Papago Brewing says the deal will continue to allow Papago to expand, as Huss is well equipped to help support the growing Papago brand.
“Papago first started out as a small homebrew shop, but as the craft beer market has grown, and the beer production side of our business has also grown dramatically, we realized Huss Brewing can support the Papago brand in the Arizona market better than we could, and this deal is just the next logical step for us to go in order
...More info on site
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USA, TX: Two Wheel Brewing Co. eyes November or December opening
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Two Wheel Brewing Co., Buda’s first brewery, will open in November or December, said Marc Woffenden, who co-owns the brewery along with his wife, Alexis, Community Impact Newspaper reports.
Mark said the company was on track to finish construction on its facility at 535 S. Loop 4, Buda, by mid-September. When construction is completed the duo will be waiting for permits from the Texas Alcoholic Beverage Commission and Alcohol and Tobacco Tax and Trade Bureau.
Marc said the brewery will begin by brewing three staple beers, including an India pale ale, a blonde ale and an amber ale. Additionally, Two Wheel will have a 1-barrel system for small-batch brews.
Marc Woffenden said Two Wheel Brewing Co. will start off brewing three beers, including an India pale ale, a blonde ale and an amber ale, when the brewery opens in November or December.
“We’ll be doing some one-offs and experimental beers,” he said. “When it’s gone it’s probably never going to come back.”
Marc said the brewery will host food trucks to accommodate customers at the brewery’s 1,200-square-foot tasting room.
In addition to selling pints for on-site consumption and filling growlers for customers to take home, Marc said the company plans to distribute its brews to
...More info on site
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USA, ME: Flight Deck Brewing planned to open in Brunswick early next year
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Brunswick, ME’s first craft brewery will open early next year with a constantly changing lineup of beers made from ingredients as exotic as sumac and as New England as blueberries, The Forecaster reported on September 14.
Flight Deck Brewing will open at Brunswick Landing and include a tasting room and beer garden. It’s part of an effort to bring more consumer-facing, community-oriented businesses to the former naval air base, according to the duo behind the brewery, Nate Wildes and Jared Entwistle.
Wildes, 26, is co-founder of the low-profit New Beet Market, the Landing’s first consumer-facing – or “people-oriented,” to use Wildes’ phrase – business. Like New Beet and the new YMCA, Wildes hopes Flight Deck will be an opportunity to build community at Brunswick Landing, which for the most part is home to office and industrial users.
Wildes met Entwistle, also 26, in March, when a mutual friend set them up for lunch “on the pure premise that we were late-20-something-year-olds likely to make a life for ourselves in the Mid-Coast,” Wildes said in an interview.
Entwistle, who is leaving Shipyard Brewing Co. in Portland to start Flight Deck, has been brewing since he was 18. “I would stay up all night and brew
...More info on site
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USA, WI: Vintage Brewing Co. to open a brewery in Sauk City
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Vintage Brewing Co. is opening a brewery and restaurant along the riverfront in Sauk City, Channel3000.com reported on September 15.
The company reached an agreement with the village to purchase and develop a vacant riverfront parcel at 600 Water St. with construction to get underway in late October. It expects to employ 80-100 people.
“We couldn’t be happier with the location, and the positive reception from the people of Sauk Prairie really makes this feel like a homecoming,” said Vintage partner Trent Kraemer.
The plans call for a 10,000-square-foot brewery space in the sub-level, capable of producing up to 9,000 barrels of beer annually. Upper levels will have a kitchen, restaurant and bar, plus indoor and outdoor seating areas, a seasonal beer garden with sweeping riverfront views and modular banquet and events space to accommodate groups of up to 250.
The additional brewing capacity will allow Vintage to brew five times as much beer as it has able to produce at its facility on Whitney Way.
The brewery and restaurant are expected to open in the summer of 2017.
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USA, CA: Danville Brewing set to open on September 20
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The wait for Danville Brewing is almost over, Diablo Magazine reported on September 15.
The brewery is set to open next Tuesday, September 20. A slew of Danville Brewing beers will be on tap, but so will other beers from local craft breweries.
The newest release from the brewery is the Danville coconut stout.
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Vietnam: Habeco reports unexpected decrease in first-half revenue
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The images of President Obama eating bun cha and drinking Habeco beer in Hanoi appeared on all local newspapers in May, when Vietnamese attention
...More info on site
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Brazil: Kirin Holdings to negotiate partnership to get struggling Brazil business back on track
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Japanese beverage giant Kirin Holdings will start negotiating with Dutch brewer Heineken and other companies for a possible partnership to get its struggling beer
...More info on site
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UK: Scotch whisky toasts the first recovery in export volumes for three years
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Scotch whisky toasted the first recovery in export volumes for three years, after strong demand from India and France, but the value of foreign
...More info on site
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World: Investor advisory firm Glass Lewis recommends SABMiller shareholders vote in favour of takeover by AB InBev
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Shares of Anheuser Busch InBev were higher in pre-market trading on September 15 as investor advisory firm Glass Lewis recommended London brewer SABMiller's shareholders vote in favor of its $104 billion takeover by the Belgian brewing company.
The deal is expected to close in October, pending a shareholder vote on Sept. 28.
Glass Lewis said the cash offer was a fair price that shareholders could see immediate value from, according to Reuters. The firm added that the deal represents a historically high valuation multiple.
"Based on these factors, along with the unanimous support of the board, we believe the proposed acquisition is in the best interests of shareholders," Glass Lewis said in a report, Reuters notes.
Additionally, AB InBev is expected to pursue other deals once its takeover of SABMiller is complete.
Beverage companies such as Castel Group, Coca-Cola's Coca-Cola Bottling Africa and Anadolu Efes could all be possible acquisition targets, according to Reuters.
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Vietnam: Sabeco seeks approval to list shares on the Ho Chi Minh stock exchange
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Vietnam's top brewer Sabeco is seeking approval from the government to list its shares on the Ho Chi Minh stock exchange, the nation's largest bourse, an industry ministry official said on September 15.
Sabeco, or the Saigon Beer, Alcohol, Beverage Corporation, has filed documents seeking approval from the Ministry of Industry and Trade to join the index, Phan Dang Tuat, head of the ministry's enterprise renovation and development committee, told Reuters. He did not elaborate.
State-owned Sabeco has received interest from several major foreign brewers since the government earmarked it for privatisation several years ago. The selloff, however, has been repeatedly delayed.
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EU: Polish billionaire Sebastian Kulczyk may be interested in SABMiller’s European assets - sources
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Polish billionaire Sebastian Kulczyk could team up with private equity funds in a potential joint bid for SABMiller's central and eastern European beer brands, Puls Biznesu daily said on September 15 quoting unnamed sources.
The brewing businesses, based in the Czech Republic, Poland, Hungary, Romania and Slovakia, are up for sale as part of Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller.
AB InBev, maker of Budweiser and Stella Artois, has offered to sell SAB's entire European business to ease antitrust approval for the takeover, which is among the largest in corporate history.
Puls Biznesu said Sebastian Kulczyk, who now owns a 1.5 percent stake in SABMiller, could become a partner to private equity funds that need to team up to match AB InBev's price expectations.
Kulczyk Investments, a company owned by Sebastian Kulczyk, was not immediately available for comment.
The stake in SABMiller is Jan Kulczyk's most valuable asset.
The Polish daily said Advent International, KKR, BC Partners, CVC and Mid Europa Partners are among the funds interested in buying SABMiller's local brands, which include Czech Pilsner Urquell, Polish Lech and Tyskie and Hungarian Dreher.
China Resources Enterprises, Japan's Asahi and Kirin as well as Czech R2G are also potential bidders in the deal valued at 5-7
...More info on site
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Brazil: Ambev aims at increasing sales of zero- and low-alcohol beer by 2025
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Brazil’s Ambev said on September 16 it aims at increasing the share of zero-alcohol or low-alcohol beers to 20% of its total sales volume by 2025. The same scope has been set by AB InBev for its global business, Valor Economico reported.
According to Ambev president Bernardo Paiva, Brazil’s leading zero-alcohol beer today is Ambev’s Brahma 0.0% which accounts for 1% of the company’s sales in the country. “This brand has a big potential for growth. And there are portfolio expansion projects which we cannot disclose yet,” he said.
After completing the takeover of SABMiller next month the company will maintain the headquarters of its North Latin America division in Sao Paulo. The region will include Brazil, the Dominican Republic, Guatemala, Panama, St. Vincent, Cuba, Puerto Rico, Barbados, and the Caribbean. Paiva will remain as the head of the region.
“This is the region with the biggest growth at the moment and which also has a significant potential for expansion,” Paiva said.
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