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E-Malt.com Newsletter 44b
October 30 - November 02, 2014
Quote of the Week
"Wisdom begins in wonder."
Socrates
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Currency Rates
Base Currency: US Dollar
on October 31, 2014 |
Base Currency: Canadian Dollar
on October 31, 2014 |
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1 USD = 0.7931 EUR
1 USD = 0.6252 GBP
1 USD = 1.1195 CAD
1 USD = 1.1372 AUD
1 USD = 109.0580 JPY
1 USD = 2.4664 BRL
1 USD = 43.4173 RUB
1 USD = 6.1371 CNY
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1 CAD = 0.8934 USD
1 CAD = 0.5586 GBP
1 CAD = 0.7086 EUR
1 CAD = 1.0160 AUD
1 CAD = 97.4376 JPY
1 CAD = 2.2036 BRL
1 CAD = 38.7911 RUB
1 CAD = 5.4831 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, MA: The Boston Beer Company reports third quarter 2014 results
...Click here
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USA, OH: Southern Barrel Brewing Co. to open in Bluffton by February 2015
...Click here
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USA, MT: Bonsai Brewing Project to have a new location
...Click here
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Canada, SK: Black Bridge Brewery opens in Swift Current
...Click here
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Canada, ON: Jim Bob Ray’s Bar in London launches on-site brewery
...Click here
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Canada, NS: The Murphy Hospitality Group purchases Rogues Roost Brew Pub
...Click here
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World: AB InBev reports increased revenue in Q3 and in January-September, but total volumes decline by 2.6%
...Click here
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Brazil: Ambev’s net revenue up 6% in the third quarter of this year
...Click here
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China: Tsingtao Brewery’s nine-month profit increases only marginally
...Click here
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Japan: Asahi Group reports encouraging results for January-September 2014
...Click here
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Japan: Kirin Holdings net income falls 73.7% over the first nine months of this year
...Click here
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Myanmar: Myanmar Economic Holdings wins legal fight for Myanmar Brewery ownership
...Click here
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UK: Diageo delays capacity expansion for Scotch whisky because of declining sales
...Click here
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Jamaica: Government welcomes Red Stripe investment in cassava production
...Click here
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Graph of the Week
Table of the Week
World Malting Barley Export Surplus and Import Demand Estimate 2014/15
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
Scientific Digest
Efficient aroma extraction
ABSTRACT
We want too much from hops, but cannot get
everything. If we use pellets or cones for bittering we
lose some of the aroma, and as we try to save the
aroma we more or less lose the bitter acids. These
Japanese researchers propose a system to hop more efficiently. It is a system called PIE (Pre-isomeriser
and evaporator) - an extra vessel where the hops are
boiled with water. Its first application was to improve
bitter utilization, but it can also be used for a more
efficient late hop dosing with no detrimental effect
on hop aroma!
Read more
Source: Barth Innovations
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These Days in Business History
October 30
1894 Daniel Cooper patents time clock
1989 Mitsubishi Estate Co. agrees to pay $846 million for 51% of Rockefeller Center in New York City; by 1996, the Mitsubishi affiliate is so financially troubled that it sells Rockefeller Center for less than $400 million
1987 August A Busch III becomes CEO of St Louis Cards
October 31
1904 King Camp Gillette patents the safety blade and razor
1938 Robert Edward was born, he started CNN (amid almost universal predictions of failure) in 1980
1952 TV broadcasting begins in Belgium
November 01
1512 Michelangelo's paintings on ceiling of Sistine Chapel, 1st time exhibited
1765 Robert Fulton is born. He invents the world's first practical steamboat in 1807, and for the first time humans can safely travel substantial distances without relying on animals or wind
1894 Vaccine for diphtheria announced by Dr Roux of Paris
November 02
1927 John Sainsbury was born, Chairman of J Sainsbury plc (the parent company of Sainsbury's Supermarkets Ltd) since 1969; English billionaire
1928 Dupont introduces synthetic rubber
1992 1st test flight of Airbus A330
Agenda
News Articles
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USA, MA: The Boston Beer Company reports third quarter 2014 results
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The Boston Beer Company, Inc. reported third quarter 2014 net revenue of $269.7 mln, an increase of $53.3 mln or 25% over the same period last year, mainly due to core shipment growth of 23%, money.cnn.com reported on October, 30.
Net income for the third quarter was $37.9 mln, or $2.79 per diluted share, an increase of $12.2 mln or $0.90 per diluted share from the third quarter of 2013. This increase was primarily due to shipment increases and lower than expected operating costs per barrel during the third quarter due to lower employee benefit costs and the timing of certain advertising promotional and selling expenses.
Earnings per diluted share for the 39-week period ended September 27, 2014 were $5.29, an increase of $1.44 from the comparable 39-week period in 2013. Net revenue for the 39-week period ended September 27, 2014 was $685.2 mln, an increase of $151.5 mln, or 28%, from the comparable 39-week period in 2013.
Depletions grew 21% from the comparable 13-week period in the prior year, primarily due to increases in the Angry Orchard®, Samuel Adams®, and Twisted Tea® brands.
Core shipment volume was approximately 1.2 mln barrels, a 23% increase over the third quarter
...More info on site
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Canada, QC: Belgh Brasse to expand
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Belgh Brasse, the Western Quebec brewery known for its award winning Mons line-up of brands inspired by classic Abbey ales, has announced plans for a major expansion, Canadian Beer News reported on October, 27.
Set to run until March 2015, the C $7 mln expansion project will add a new brewhouse, 20 new tanks, a new bottling line, and a 10,000 square-foot warehouse to the Belgh Brasse facility.
This growth will add five new job positions at the plant, and will allow the brewery to expand distribution into Europe and the United States.
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USA, MA: Harpoon Brewery names new president
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Harpoon Brewery announced on October, 29 it will promote Charlie Storey, the Boston-based company’s current vice president of marketing, to the position of president.
Storey, who joined the company in 1996, will oversee marketing, retail and festival initiatives and also manage the brewery’s distribution arm. In addition, Storey will assist Harpoon co-founder and CEO, Daniel Kenary, with strategy and business development, the statement said.
“I believe Harpoon, and the craft beer segment in general, has tremendous opportunity for growth and will continue to be a driver in how U.S. consumers perceive beer,” Storey said in a press statement. “I am especially excited to be in a leadership position at an employee-owned company. It is impressive what can happen when everyone works together towards a shared goal.”
In July, Harpoon announced that six of the company’s eight shareholders would sell at least part of their ownership stakes to an employee stock ownership plan (ESOP). As part of the transfer, it was announced that co-founder Rich Doyle would sell his entire interest and step down as CEO, but maintain a part-time role in sales and marketing initiatives. In August, the company transferred 48 percent of its shares into the ESOP.
Harpoon added that it would also
...More info on site
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USA, OH: Southern Barrel Brewing Co. to open in Bluffton by February 2015
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A new microbrewery boasting eight original craft beers is coming to Bluffton. Southern Barrel Brewing Co. will open its first location in February at Buckwalter Place, the company announced on October, 29.
The brew pub will sport a tavern that serves food, an outdoor beer garden and a 10,000-square-foot production facility.
Owner Stewart Taylor, a businessman with a second home on Hilton Head Island, said he became fascinated with microbreweries when several opened near his home in Mechanicsburg, Pa.
He saw it as a burgeoning industry and decided to start his own.
"I think the way things are going to build out in Bluffton, it's the perfect place to build our first location," he said.
Taylor hired brewmaster Walter Trifari to lead production. Trifari was most recently head brewmaster at Fordham & Old Dominion Brewing Co. in Delaware.
His staff will brew lager, amber, stout, wheat and India Pale Ale, among other varieties.
Visitors will be able to watch the brewing process inside the tavern.
Taylor estimates the facility will produce 12,000 to 15,000 barrels a year. The company owns space behind the brewery where it could expand and produce three to four times that amount, Taylor said.
He said the company will
...More info on site
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USA, WA: Downpour Brewing opens in Kingston
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A little over a year after first getting the idea to open their own brewery, Kristen and Dan Williams began pouring pints in Kingston, kingstoncommunitynews.com reported on October, 29.
“It was phenomenal. We were packed,” Kristen Williams said. “It was way bigger than expected. We anticipated it to be a small opening, but we were packed all afternoon and evening.”
The brewery focuses on small, hand-crafted batches of beers that it serves in its taproom. There’s space for approximately 30 in the taproom, and 3 more in an outside patio where a game of cornhole awaits.
Williams said that they plan to continually change their lineup at the brewery, crafting new tastes as they see fit.
“Right now we have an IPA, a pale ale, a stout, a smash (single malt single hop),” she said. “We have a pumpkin brew in the works that will be released Nov. 1.”
Beer enthusiasts can also look forward to a winter ale and a double IPA to hit Downpour’s taps in the coming months.
Downpour Brewing began when Dan decided to turn a setback into an opportunity. He injured his shoulder over a year ago, something that prevented him from going to work in his career
...More info on site
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USA, MT: Bonsai Brewing Project to have a new location
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The Bonsai Brewing Project is drawing closer toward its goal of relocating from the Whitefish Mountain Mall to a building on Wisconsin Avenue, and the so-called “nano-brewery” could receive final approval at the Nov. 3 Whitefish City Council meeting, flatheadbeacon.com reported on October, 29.
At a public hearing Oct. 16 before the Whitefish Planning Board, Bonsai Brewing Project’s owner, Graham Hart, received unanimous recommendation for approval of a conditional use permit to operate the brewery in a building previously occupied by the Rising Sun Bistro.
Hart has been looking for a new venue for the brewery since learning this summer that a Shopko department store would displace his business and seven others at the mall. Construction of the Shopko will not begin until February, and Bonsai continues to operate at its current location.
The brewery and taproom will operate under State Liquor Board requirements, which limits hours of operation to 10 a.m. to 8 p.m. daily, and requires them to only serve each customer a maximum of 48 ounces of beer per day.
Hart explained that while he may sell a few kegs to local businesses, he has no current plans for bottling or greater distribution. The focus will be on selling craft
...More info on site
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Canada, ON: Whiprsnapr Brewing opens in Ottawa
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The explosive growth of Ottawa’s craft brewing scene continues with the launch of Whiprsnapr Brewing in the city’s Nepean area, Canadian Beer News reported on October, 27.
Founded by long-time homebrewer Ian McMartin and several partners, Whiprsnapr opened with a line-up of beers that include Root of Evil Pre-Prohibition Lager, Inukshuk Canadian IPA, Black Sunshine Black Lager, F’N’A British IPA and Carol Anne Irish Blonde Ale – the latter named after McMartin’s mother who helped harvest the hops for the beer.
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Canada, BC: Red Collar Brewing opened in Kamloops
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A new brewery from a veteran of British Columbia’s craft brewing scene is now open in Kamloops, Canadian Beer News reported on October, 24.
Red Collar Brewing is the latest venture from David Beardsell, who along with his wife Annamarie has been a partner in several breweries including Bear Brewing, The Noble Pig and Ribstone Creek.
Now flying solo, the Beardsells opened Red Collar earlier this month, and are offering a variety of beers in bottles, growlers, and by the glass in an 80-seat tasting room and retail store.
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Canada, SK: Black Bridge Brewery opens in Swift Current
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Black Bridge Brewery that was first announced a bit over a year ago is now open in Swift Current, Saskatchewan, Canadian Beer News reported on October, 29.
Black Bridge Brewery was launched earlier this month by Clayton Stenson – a veteran homebrewer who has wanted to make the jump to commercial brewing for several years – and his wife Kari.
Its initial brands – Centennial Rye Ale and Milk Stout – are now available for growler fills at the brewery and on tap at select local bars and restaurants. A third core brand – IPA! – will be added to the line-up soon, and cans are planned to be available at SGLA stores sometime in November.
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Canada, ON: Jim Bob Ray’s Bar in London launches on-site brewery
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Popular London, Ontario bar Jim Bob Ray’s is getting set to launch an on-site brewery, Canadian Beer News reported on October, 29.
According to owner Mike Smith, the brewery will produce a range of brands from “hoppy, full-flavoured craft beer, to light commercial brews” which will initially be served at Jim Bob Ray’s and other venues Smith owns including Joe Kool’s, Runt Club/Fellini Koolini’s and P Za Pie. Expanded distribution to other bars and restaurants is expected to follow in the longer term.
Recipes for the beers are being developed by Tom Schmidt, a veteran brewmaster who has been known most recently for his work at Spearhead Brewing.
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Canada, NS: The Murphy Hospitality Group purchases Rogues Roost Brew Pub
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The Murphy Hospitality Group – the family-run company that owns PEI Brewing Company, The Gahan House and many other restaurants and establishments in Prince Edward Island – has purchased Rogues Roost Brew Pub in Halifax, Canadian Beer News reported on October, 29.
Kevin Murphy said that there are no plans for any major changes at the 15-year-old brewpub and restaurant, with the full staff – including brewmaster Lorne Romano – expected to stay on. He also notes that some Rogues Roost brands may be brewed and bottled at the P.E.I. Brewing facility in Charlottetown for distribution to liquor stores in the region.
This purchase gives the Murphys a second brewpub in Halifax, following the opening earlier this month of a location of The Gahan House in the Historic Properties area.
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World: AB InBev reports increased revenue in Q3 and in January-September, but total volumes decline by 2.6%
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World’s No. 1 brewer AB InBev said on October 31 its revenue grew by 2.3% in the third quarter (3Q14) and by 5.3% in
...More info on site
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Brazil: Ambev’s net revenue up 6% in the third quarter of this year
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Ambev S.A. announced on October 31 its results for the 2014 third quarter. The operating and financial information, unless otherwise indicated, is presented in
...More info on site
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China: Tsingtao Brewery’s nine-month profit increases only marginally
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Tsingtao Brewery Co Ltd, China’s second-largest brewer, said on October 30 its 9-month net profit amounted to 2.2 billion yuan (359.83 million US dollar).
The
...More info on site
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Japan: Asahi Group reports encouraging results for January-September 2014
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Japan’s Asahi Group said on October 31 its nine-month net sales increased by 3% to 1.295 trillion yen, vs. 1.257 trillion in the respective
...More info on site
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Japan: Kirin Holdings net income falls 73.7% over the first nine months of this year
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Kirin Holdings sad on October 30 its nine-month sales amounted to 1.608 trillion yen this year, which represents a 4.1% from the same period
...More info on site
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Germany: Q3 beer sales decline 4.5%
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According to the German statistics office, beer sales in Germany decreased by 4.5% to 25.7 mln hl in the third quarter of 2014 compared
...More info on site
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Myanmar: Myanmar Economic Holdings wins legal fight for Myanmar Brewery ownership
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Myanmar Economic Holdings Ltd., a conglomerate controlled by Myanmar’s military, said on October 31 it has won a legal fight to wrest full control over a brewery from its Singaporean partner, Fraser & Neave Ltd.
An arbitration tribunal ruled that MEHL is entitled to buy Fraser & Neave’s shares in Myanmar Brewery at “fair value” under the terms of their joint-venture agreement, the Yangon-based company said in a statement. MEHL owns 45% of the brewer while the Singapore-listed firm owns the remainder.
The two companies will jointly appoint a valuer to set the price for the acquisition, according to MEHL, which initiated arbitration proceedings in September 2013 after months of fruitless talks with its partner to resolve the spat.
The ruling allows MEHL to claim as its own a prized asset that serves more than 80% of Myanmar’s beer market. It also followed a lengthy corporate dispute that analysts say highlights the risk of doing business with Myanmar’s state-owned enterprises and could damp confidence of investors seeking opportunities in a country still emerging from decades of secrecy and isolation under military rule.
“The conduct of this arbitration shows our commitment to the rule of law and that we will always adhere to due process,”
...More info on site
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UK: Diageo delays capacity expansion for Scotch whisky because of declining sales
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Diageo has delayed plans to expand production capacity for Scotch whisky after the world’s thirst for the drink started to drop this year, OffLicence News reported on October 30.
Scotch exports dropped 11% in the first half of 2014 as the Scotch Whisky Association blamed “economic headwinds and uncertainty” for hampered growth in several markets.
Diageo, the world’s leading producer, announced in 2012 it would invest more than £1 billion over five years to keep up with rising global demand.
But now that demand is cooling off Diageo, which supplies Johnnie Walker, J&B, Talisker, Bell’s and the David Beckham-fronted Haig Club, has decided to delay expansion plans.
“The weaker global economic environment has impacted the growth of Scotch in certain markets and therefore Diageo will continue to review and adjust the timing of the next phase of our investment programme to manage our Scotch whisky inventory and to retain the alignment between growth in production volumes and growth in demand,” a Diageo spokesman said.
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Jamaica: Government welcomes Red Stripe investment in cassava production
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The Jamaican government said on October 29 that investment by local beer company Red Stripe in cassava production will provide a boost to the island's economy, Fox News reports.
Finance and Planning Minister Peter Phillips told reporters on October 29 that Red Stripe will invest J$10 million over the next five years to plant and cultivate cassava for the beer-making process, helping ensure "stability in the Jamaican economy."
He said the investment outlay by Red Stripe, the main local beer maker and a unit of multinational Diageo, is a product of the government's economic reforms.
"What we are seeing is the result of our efforts to reduce debt, and inspire confidence in the stability of the Jamaican economy," Phillips said.
The minister, who made a visit on October 28 to the southern coast, where Red Stripe has a plantation, said cassava production is evidence of an agricultural revolution in Jamaica.
In January 2014, Red Stripe signed an agreement with Jamaica's Agriculture Ministry to plant and cultivate up to 2,400 acres of cassava over five years.
The processing plant of Jamaica's most famous beer brand will begin cassava-based beer production in February, when the crops will be ready for harvesting.
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