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E-Malt.com Newsletter 27b
July 07 - July 10, 2016
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on July 08, 2016 |
Base Currency: Canadian Dollar
on July 08, 2016 |
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1 USD = 0.9024 EUR
1 USD = 0.7721 GBP
1 USD = 1.2958 CAD
1 USD = 1.3321 AUD
1 USD = 100.9400 JPY
1 USD = 3.3319 BRL
1 USD = 64.0500 RUB
1 USD = 6.6830 CNY
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1 CAD = 0.7716 USD
1 CAD = 0.5957 GBP
1 CAD = 0.6963 EUR
1 CAD = 1.0278 AUD
1 CAD = 77.8800 JPY
1 CAD = 2.5708 BRL
1 CAD = 49.5179 RUB
1 CAD = 5.1564 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, NY: New York malting barley growers to get crop insurance from USDA
...Click here
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USA, WI: Biloba Brewing Co moving to a larger space in Brookfield
...Click here
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USA, FL: Wicked Barley Brewing Company gearing up for debut later this month
...Click here
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USA, MD: Monument City Brewing to open its new brewery in November
...Click here
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USA, CT: Forest City Brewing officially launched in Middletown
...Click here
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USA, SC: Rusty Bull Brewing aiming to open early next year
...Click here
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USA & Mexico: Mexican craft brewers visit the US to learn about US malting barley production
...Click here
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USA, OR & WA: Hopworks Urban Brewery to open its third location and second brewery in Vancouver
...Click here
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USA, TX: BrainDead Brewing’s production set to grow by up to 500%
...Click here
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USA, TN: Fat Bottom Brewing two months away from completing major expansion project
...Click here
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Vietnam: Foreign investors may flatten Vietnam beer market - report
...Click here
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Portugal: Beer consumption drops to 46 litres per capita in 2015
...Click here
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Singapore & Thailand: Thai Beverage named the biggest gainer among Singapore’s stock
...Click here
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UK: Craft brewers may benefit from the Brexit decision as weak pound makes their exports more attractive - report
...Click here
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World: Falling pound creating $3.2 bln windfall for two of SABMiller’s biggest shareholders
...Click here
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Japan: Asahi launches new regional beer under the Clear Asahi brand
...Click here
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Ghana: Ghana’s first microbrewery represents what could become a new industry in West Africa
...Click here
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Graph of the Week
Table of the Week
Russia Barley Supply & Demand
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
PLAYING WITH EXTRACTION PARAMETERS TO GET THE RIGHT FLAVOR
ABSTRACT
CO2 is a very potent in extracting basically anything you need
from hops. This UK research team worked with different conditions
including liquid and supercritical CO2, as well as the addition of
other solvents, e.g. ethanol, to extract the many important aroma
fractions from hops. Each hop variety yields distinct oil fractions
and a combination of different varieties and fractions can of course
contribute to a wide portfolio of products. Also, the processing
of aged hops is feasible and possible undesirable flavours may be
eliminated in the process.
Marriott, R.: Fractionation of hop oils using CO2, oral presentation at the Trends in Brewing Conference, April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
07 July
1550 - Chocolate introduced
1802 - 1st comic book "The Wasp," is published
1814 - The world's first authentic historical novel, 'Waverley' by Sir Walter Scott, is published
1891 - Travelers cheque patented
1929 - In Italy, the Vatican in the centre of Rome becomes a sovereign state
1954 - Elvis Presley makes his radio debut
08 July
1497 - Portuguese navigator Vasco da Gama sets sail from Lisbon in search of a sea route to India
1796 - U.S. State Department issues 1st American passport
1870 - Congress authorizes registration of trademarks
09 July
1815 - 1st natural gas well in U.S. is discovered
1875 - The Bombay Stock Exchange is founded in Bombay (now Mumbai), India
1953 - 1st helicopter passenger service, New York City
1957 - Announcement of discovery of atomic element 102 - nobelium
10 July
1933 - 1st police radio system operated, Eastchester Township, New York
1949 - 1st practical rectangular TV tube announced-Toledo, OH
1958 - 1st parking meter installed in England (625 installed)
2000 - EADS, the world's second-largest aerospace group is formed by the merger of Aerospatiale-Matra, DASA, and CASA
Agenda
July 2016:
02: Beer Boot Camp 2016 (Johannesburg, South Africa)
07-10: Artbeerfest 2016 (Caminha, Portugal)
09: Beer Boot Camp 2016 (Cape Town, South Africa)
13-15: ProPack China 2016 (Shanghai, China)
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
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, NY: New York malting barley growers to get crop insurance from USDA
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New York farmers who want to grow malting barley for the growing craft beer industry are getting some help from the U.S. Department of Agriculture, AP reported on July 7.
U.S. Sen. Kirsten Gillibrand says starting next year, crop insurance will be available for malting barley in Genesee, Otsego, Ontario and Cortland counties. If a farmer with a contract to sell malting barley has a crop failure, the insurance pays up to 1.85 times the market price for the loss.
The state's farm brewing law passed in 2012 requires that a certain percentage of grain used in production must be grown in New York. But the state's climate makes it risky to grow barley of the quality needed for malting.
The craft brewing industry says crop insurance will help increase barley production in New York.
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USA, WI: Biloba Brewing Co moving to a larger space in Brookfield
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Brookfield’s Biloba Brewing Co., owned by the Lane family, is planning a move from its current home at 18720 Pleasant Street to a larger space at 2970 N. Brookfield Road, Brookfield Elm Grove Now reported on July 5.
Biloba brewer Gordon Lane said that the plans were part of his and his wife Jean's original hopes for the business.
"We wanted to do this before we even started," Gordon said.
Biloba Brewing Co. officially opened in April of 2014, but it was a smaller operation than the family had originally hoped for.
"We originally looked for a building for a 10-barrel system and we ended up in the building we're in and we could only use my 1.5-barrel homebrew system," Gordon Lane said. "So we've been looking around."
In addition to the increase in barrels that Biloba will be able to produce with the expansion, the company also is excited to be able to offer more space to its customers and guests.
"We have 2,000 square-feet of space, but we really don't because the space includes the hallway in the front and the back and bathrooms," Lane said.
He said the company only has approximately 1,000 square feet of space in its current home to allocate for
...More info on site
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USA, FL: Wicked Barley Brewing Company gearing up for debut later this month
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Jacksonville’s newest brewery is gearing up for its debut later this month, WJCT reported on July 5.
Wicked Barley is finishing up work on its taproom and production facility this week ahead of its grand opening.
The brewery, located near Baymeadows Road and San Jose Boulevard, recently installed its brewing equipment and kitchen, and completed its kayak dock on Goodby's Creek.
The brewpub will offer about 20 guest taps at launch, and expects to offer 10 of its own beers once federal licensing is approved.
Although the draft list hasn’t been finalized, there will some staples like a brown ale, a lager, an India pale pilsner, a copper pale ale, a house cider, an orange blossom mead and a root beer mead.
But the owners aren’t stopping after their flagship brewery is completed. Plans are already being developed for several smaller locations throughout the region.
The date for the grand opening has yet to be announced, but the owners are expecting the opening bash to be sometime at the end of the month.
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USA, MD: Monument City Brewing to open its new brewery in November
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Monument City Brewing has always wanted to be hyper-local. Started by brothers Matt and Ken Praay in 2014, the brewery is an homage to all things Baltimore (including one of its lesser known nicknames) and the two brothers did the footwork—quite literally—running around town with growlers to get their product out there, Baltimore Magazine reported.
So after a year-and-a-half of contract brewing out of Peabody Heights co-op facility, it only seems right that they open their own brewery within city limits. Come early November, Monument City will have a brewery at 1 N. Haven Street in Highlandtown.
"We didn't even look at any property outside the city," said Ken, who cited that 94-percent of their beer sales come from inside the beltway. "You pay a little more, but that was always critical to us."
The 12,800-square-foot facility is in the same area as the start-up incubator Emerging Technology Centers, baby goods company Bratt Decor, and wood-working studio Mark Supik and Company (who makes Monument's tap handles). The brewery will start out with a three vessel, 25 hectolitre system imported from Germany and have the ability to produce 20,000 barrels a year.
The brothers, who actually took out some of the automation from the brew
...More info on site
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USA, CT: Forest City Brewing officially launched in Middletown
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Forest City Brewing has officially opened its doors, Patch.com reported.
The new Middletown brewery, located at 180 Johnston Street, had a grand opening on June 23, which attracted community members and town officials.
The Middletown Press reports that Owner and Brewer Chris Coughlin, 31, started his family-run brew business from his basement.
The Northeastern University grad and Middletown resident, with the help of his family, began working with the city to open his business about three years ago, The Press reports.
Larry McHugh, president of the Middlesex County Chamber of Commerce, told The Press the town is excited for a new brewery.
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USA, SC: Rusty Bull Brewing aiming to open early next year
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Charleston’s Park Circle has previously figured into local craft brewing discussions, with Palmetto Brewing Co. recently floating a proposal to purchase the Garco site. But Brian Bogstad and Ben Mayer have a smaller scale project in mind for a former seafood market at the corner of Spruill Avenue and Justice Street, Charleston Post Courier reported on July 7.
“It’s going to be a neighborhood brewery,” Leslie Bogstad says of Rusty Bull Brewing, aiming to open early next year. “It’s more of a storefront location where people can commune and enjoy.”
Bogstad and Mayer are new to brewing on a commercial basis, but Bogstad says her husband - who’s making the leap from the automotive industry - and his partner have carefully planned their project.
“They started in on this journey three or four years ago,” Bogstad says. “They got really interested, and learned everything they could: They’ve been brewing on a professional system in our garage for two years. This isn’t going from a burner to a 15-barrel system.”
According to Bogstad, the Rusty Bull team was able to quickly sharpen its brewing skills partly because the local craft beer community was so giving of its time and support. Although the two men haven’t
...More info on site
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USA & Mexico: Mexican craft brewers visit the US to learn about US malting barley production
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A U.S. Grains Council (USGC) trade team of Mexican craft brewers visited the United States recently to familiarize themselves with U.S. malting barley production and learn about new barley variety development and U.S. quality standards, Grains.org reported on July 7.
The brewing industry in Mexico is growing stronger and becoming more aggressive with many players making substantial investments in new brewing, malting and bottle manufacturing plants. These investments represent additional demand for malting barley as well as for barley malt.
This program focused on building connections with U.S. farmers and barley malt suppliers and developing concepts for new long-term purchasing strategies.
Craft brewery growth is currently hindered because breweries find difficulty in obtaining barley malt (and other inputs) for the beer. Craft breweries also face challenges importing ingredients from Europe under the tariff rate quota (TRQ) because the large breweries control this quota.
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USA, OR & WA: Hopworks Urban Brewery to open its third location and second brewery in Vancouver
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Hopworks Urban Brewery will open its third location and second brewery this fall, probably November, in Vancouver, WA, OregonLive.com reported on July 6.
It will join an upstart but thriving brewing community. At least a dozen breweries in the Vancouver area are taking advantage of the "cheaper real estate, a less intense competitive environment and a thirsty yet underserved community."
The new Hopworks brewery, at 17707 SE Mill Plain Blvd., will be 6,000 square feet and include a restaurant that seats about 300. The brewery will include a 7 barrel brewhouse and will attempt to brew 1,000 barrels in the first year, Hopworks said in a press release.
"The beautiful city of Vancouver has a great sense of community, it's packed with families and people who love craft beer, and it has a rich brewing history," said Hopworks brewmaster and founder, Christian Ettinger, in the release. "We have set out to deepen our roots in the Pacific Northwest and Vancouver has everything we're looking for. We can't wait to start brewing."
Known for its sustainable practices, the brewpub is salmon-safe certified, has a 10 kilowatt solar array and, because it's at the intersection of two bike-laned streets, 177th and Mill Plain, it has ample
...More info on site
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USA, TX: BrainDead Brewing’s production set to grow by up to 500%
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BrainDead Brewing could grow its production by up to 500 percent thanks to a 1,300-square-foot expansion.
As first reported by CultureMap, the Deep Ellum brewpub, which opened in March 2015, is adding the space on the east side of its location at 2625 Main St., Dallas. Previously, BrainDead occupied 5,283 square feet.
The new square footage will be entirely dedicated to brewing. The company previously made its beer in a 700-square-foot space, producing 1,100 barrels in its first year.
“We reached our capacity in year one in how much room we can possibly brew in that space,” co-founder and co-owner Sam Wynne told the Dallas Business Journal.
The expansion will immediately allow BrainDead to grow its production by 50 to 100 percent, but it also has room to eventually grow by 400 to 500 percent, Wynne added.
BrainDead’s restaurant and patio space will not be affected by the expansion.
The brewpub makes four core beers, and regularly creates new brews. Since opening, it has formulated roughly 20 other recipes.
In addition to Wynne, who also created restaurant concept Rodeo Goat, BrainDead was co-founded and is co-owned by Jeff Fryman, formerly cicerone at Union Bear.
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USA, TN: Fat Bottom Brewing two months away from completing major expansion project
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Fat Bottom Brewing is two months away from completing a major expansion that will relocate the growing company from East Nashville to The Nations, The Tennessean reported on July 7.
New renderings released July 7 show a large industrial taproom with communal seating planned for the site at 800 44th Ave. N. in West Nashville. The 33,000-square-foot building is a massive jump from Fat Bottom’s existing 3,000-square-foot brewery at 900 Main St. on the east side.
The new taproom will be branded The Hop Yard, with a “casual yet creative” food menu, a full bar with 20 beers on tap and a large patio.
Other features will include a private events space called The Reserve that will seat 150 to 200 people and a small beer filling station named The Nations’ Tiniest Beer Store.
The move will give Fat Bottom room to grow its brewing program to include sour and barrel-aged beers, increase the company’s retail offerings and expand its distribution across the Southeast.
The on-site production facility will include a quality control lab with the technology to test the products throughout the brewing process.
The brewery is slated for an early- to mid-September opening. The taproom, event space and retail store will open at the
...More info on site
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Vietnam: Foreign investors may flatten Vietnam beer market - report
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A recently released study by the Vietnam Industry Research and Consultant (VIRAC) shows that beer production and consumption in Vietnam for 2014 reached an all-time record high of 3.1 billion litres with revenue of US$4.56 billion, VietNamNet Bridge reported on July 3.
The lucrative potential for profits explains the avid interest and arrival of international brands in the Vietnamese marketplace over the six years running up to 2014, the study concludes.
At the end of 2014, Thai Beverage (ThaiBev) first tendered an offer to acquire a 40% minority stake of Sabeco, the largest beer brewer and distributor in Vietnam.
According to the ‘Vietnam Beverage Report 2015’ published by VIRAC, Sabeco was the largest brewer in Vietnam commanding a 34% market share by volume and 46% by revenue.
For 2015 Sabeco reported a year-on-year increase of 28% in its net profit to US$159.5 million (VND3.6 trillion). Its revenue grew 10% for the year to US$1.2 billion (VND27.16 trillion), principally from beer sales.
Meanwhile, another Thai corporation, Singha, has also signalled its interest in acquiring a controlling stake in government owned brewer Sabeco, best known for its iconic Saigon beer brand.
The Vietnam government now holds a roughly 89% stake in Sabeco, with Dutch brewer Heineken the second
...More info on site
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Portugal: Beer consumption drops to 46 litres per capita in 2015
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Portugal’s per capita beer consumption has been falling steadily for the last several years and last year fell to 46 litres - the lowest level in the last twelve years, Portuguese Brewers Association reported.
As compared to 2006, when per capita beer consumption was 63 litres, last year saw a decline of 27%.
According to the Association, the decline is to be blamed on increased VAT and a rise in special consumption tax (IEC).
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Singapore & Thailand: Thai Beverage named the biggest gainer among Singapore’s stock
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The biggest gainer among Singapore’s stocks this year is a foreigner, Macau Daily Times reported.
Thai Beverage Pcl has jumped 36 percent to a record in 2016, benefiting from rising consumption in Thailand, where stimulus and low interest rates have driven the benchmark index to the highest level in almost a year. Singapore’s equities market, by contrast, is a laggard in Southeast Asia, suffering from lackluster growth at banks, developers and oil-rig builders. Thai Beverage’s return this year is almost triple that for the second-best stock in the Straits Times Index.
Malaysia’s Affin Hwang Asset Management Bhd. and London’s J O Hambro Capital Management Ltd. are buying Thai Beverage shares, convinced the stock has further to climb despite record valuations, as it offers a haven from market turmoil around the world and may benefit from any restructuring plans.
“With slowing global growth, whatever shows potential or sustainable growth attracts a premium,” Kar Tzen Chow, Kuala Lumpur-based fund manager at Affin Hwang Asset, which oversees about USD7.6 billion, said by phone. “ThaiBev’s spirits business continues to be stable and the beer business has shown a recovery.”
Thailand is betting on more than $18 billion in stimulus measures to help boost local demand and offset an
...More info on site
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UK: Craft brewers may benefit from the Brexit decision as weak pound makes their exports more attractive - report
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Craft beer brewers and English winemakers may have reason to raise their glasses to celebrate the Brexit decision as the weak pound makes their exports more attractive and foreign imports more expensive, according to research released by Rabobank on July 8.
Sterling reached its lowest level since 1985 this week and analysts expect it to remain low as the UK’s economic future within Europe remains uncertain.
The decision will have “critical implications for the beverage sector, given the UK’s role as both a major importer (e.g. wine) and a major supplier (e.g. scotch),” Francois Sonneville, food and agribusiness analyst at Rabobank, said.
The UK wine-making industry has grown strongly over the last decade and is now worth £100 million according to the Wine and Spirit Trade Association.
This trend may be given a boost as vineyards in particular stand to gain from the Brexit vote, according the analysis.
Britain is the largest wine importer in the world and the EU the largest wine-producing region. France, Italy and Spain supplied 60 per cent of the UK’s wine in 2015, all of which will become more expensive after the decline in the pound, making locally produced wine more attractive to consumers.
UK-based craft brewers and spirits distillers could
...More info on site
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World: Falling pound creating $3.2 bln windfall for two of SABMiller’s biggest shareholders
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The falling value of the pound following Britain's decision to leave the European Union is creating a $3.2 billion windfall for two of SABMiller's biggest shareholders, St. Louis Business Journal reported.
As part of Anheuser-Busch InBev's pending $107 billion buyout of SABMiller, AB InBev offered SABMiller shareholders 44 pounds per share in cash or a partial-share alternative that was valued at around 39 pounds per share when the deal was announced in October. Investors who choose to take the partial-share option must keep their shares for at least five years.
The alternative was designed to help SABMiller's two largest shareholders — Altria Group Inc. and BevCo, the Santo Domingo family's investment company — with taxation and possible accounting issues.
However, the pound's recent drop as compared to the euro has pushed the value of the partial-share alternative to about 51.50 pounds per share, which is 17 percent higher than the cash offer, Bloomberg reports.
“Whether or not there’s a threat to the deal in terms of fairness is a fascinating question and for AB InBev to have left that risk open is a surprise,” Tom Russo, who manages $10 billion for Gardner Russo & Gardner, told the news service.
AB InBev said last week that
...More info on site
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Japan: Asahi launches new regional beer under the Clear Asahi brand
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Japan’s largest beer producer, Asahi Breweries, has added a new taste to their popular Clear Asahi brand, with a release designed especially for the country’s Kansai region. Called “Kansai Shitate” or “Kansai Tailored”, the beverage has been created to suit regional dining flavors, with a focus on two of the area’s most famous saucy dishes: okonomiyaki (savory pancakes) and takoyaki (fried octopus balls), Japan Today reported.
The new beer can features an image of the two local delicacies on the front of the can, along with the tagline “Kansai no shokutaku wo motto oishiku“, or “Making the Kansai dining table even more delicious”.
The limited-edition beer is produced at the company’s Suita beer plant, located in the Kansai region, and marks 125 years of operation for the factory. Plant tours reached a record 150,000 visitors last year so, as a gesture of thanks, the company worked hard to produce a beer especially suited to local tastes.
The back of the can reveals the new brew goes well with sauce-based dishes, producing a round taste that’s full of flavor when paired with local foods.
In a first for the beer group, this is a regional release, available for purchase only in the Kansai region, which
...More info on site
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Ghana: Ghana’s first microbrewery represents what could become a new industry in West Africa
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At 62 years old, Clement Djameh drinks at least a beer a day. Since 2003, his glass has been filled with drafts he brewed himself, exclusively using a local African grain called sorghum. The only imported ingredients are the hops, Munchies reported on July 7.
Djameh and his colleague Fash Sawyerr are the founders of Ghana’s first-ever microbrewery, Inland Microbrewery. It’s located inside a crumbling, honey-colored mansion complete with Greek-style columns in Kwabenya, a neighborhood on the outskirts of Ghana’s capital, Accra. At first glance, the place looks abandoned. On the front porch rests a rusted car.
Inside the house is a startling surprise: a fully functioning brewery, complete with custom-made and imported machinery, although some of it is decades old.
One of Djameh and Sawyerr’s most prized pieces of equipment is the “Kegerator,” a refrigerator they installed a beer tap on top of, connected to a keg stored below. It’s used to keep kegs cool at Inland-catered events. Including delivery, a keg costs about $45.
The brewery produces several different varieties of beer, all without the use of imported malted barley, upon which Ghana’s two major commercial breweries almost exclusively rely.
Inland, which now caters mostly to private orders, represents what could become a
...More info on site
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