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E-Malt.com Newsletter 30a
July 25 - July 27, 2016
Quote of the Week
The greatest mistake we make is living in constant fear that we will make one.
John C. Maxwell
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Currency Rates
Base Currency: US Dollar
on July 27, 2016 |
Base Currency: Canadian Dollar
on July 27, 2016 |
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1 USD = 0.9094 EUR
1 USD = 0.7621 GBP
1 USD = 1.3212 CAD
1 USD = 1.3320 AUD
1 USD = 104.7300 JPY
1 USD = 3.2788 BRL
1 USD = 65.7408 RUB
1 USD = 6.6746 CNY
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1 CAD = 0.7568 USD
1 CAD = 0.5768 GBP
1 CAD = 0.6883 EUR
1 CAD = 1.0081 AUD
1 CAD = 79.2600 JPY
1 CAD = 2.4814 BRL
1 CAD = 49.9317 RUB
1 CAD = 5.0513 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA: First-half craft beer output up 8%, number of brewers reaches record high of 4,656 as of June 30
...Click here
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USA: Boston Beer Co. reports Q2 earnings of $26.6 mln
...Click here
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USA, KS: Happy Basset Brewing opens its doors in Topeka on July 22
...Click here
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Canada, AB: Alberta’s craft beer industry not growing as fast as it could because of regulatory barriers
...Click here
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USA, NY: Northern Eagle Beverages buying the Glens Falls Brewing Company
...Click here
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USA, CA: Two breweries preparing to open in Ojai Valley
...Click here
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USA, NJ: Lone Eagle Brewery holds grand opening on July 22
...Click here
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USA, MN: Construction of Island City Brewing Co.’s taproom and brewery underway in Winona
...Click here
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USA, CT: Concentric Brewing Co. could launch in Berlin in the first quarter of 2017
...Click here
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USA, VA: Black Narrows Brewing Company to break ground in Chincoteague later this month
...Click here
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USA, MI: Mitten Brewing Company opens in place of Northport Brewing in Northport
...Click here
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USA, WA: Floating Bridge Brewing launches in Seattle
...Click here
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USA, NC: Currahee Brewery opens in downtown Franklin
...Click here
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USA, CO: Zuni Street Brewing plans to open in Denver sometime this fall
...Click here
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USA, MN: HeadFlyer Brewing aims at fall opening in Minneapolis
...Click here
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USA, VA: Wasserhund Brewing Co. finishing capacity expansion works
...Click here
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World: AB InBev raises its $100bln-plus bid for SABMiller
...Click here
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World: SABMiller suspends work on integrating operations with AB InBev
...Click here
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Belgium: Domestic beer consumption declines, export grows 8% last year
...Click here
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EU: US and European buyout funds interested in SABMiller’s central and eastern European beer brands
...Click here
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Japan: Asahi Group Holdings expects first-half net income to beat initial estimates
...Click here
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South America: Argentina and Brazil’s barley plantings forecast to drop, Uruguay to plant more barley this year
...Click here
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UK: Barley crop prospects at least average this year
...Click here
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Bulgaria: Per capita beer consumption increases to 73.5 litres
...Click here
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UK: Craft beer may benefit from Brexit but big brewers may lose out
...Click here
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World: Molson Coors Brewing announces a number of new leadership appointments
...Click here
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Vietnam: Deputy CEO of scandal-hit Sabeco likely to become its CEO
...Click here
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Japan: Asahi, Kirin to transport beer across Japan jointly next year
...Click here
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South Korea: Hite Jinro starts import of Australia’s Tooheys Extra Dry beer
...Click here
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Graph of the Week
Table of the Week
EU Barley Malt Export
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
HOPS DO NOT NECESSARILY
NEED TO TOUCH BEER FOR
DRY HOPPING PURPOSES
ABSTRACT
A German research team that came up with the idea of
extracting hop aroma into beer by applying a combined
desorption/absorption process. The process-dependent
mass transfer was predicted using two different
approaches: a thermodynamic approach, and response
surface modelling. The methods offer the following
advantages: no beer losses, no clarification steps
needed, potential reuse of hops for bittering. Using
response surface methodology was clearly superior
as compared to calculating the mass transfer using
thermodynamic approximations.
Klie, R.: Feasibility and Optimization of a Novel Desorption/ Absorption Process for
Transferring Hop Volatiles into Beer, poster presentation at the Trends in Brewing Conference,
April 2016, Ghent.
Read more
Source: Barth Innovations
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These Days in Business History
25 July
1946 - 1st bikini is shown at a Paris fashion show
1978 - The world's first test-tube baby, Louise Joy Brown, was born in Lancashire, England
1984 - Cosmonaut Svetlana Savitskaya became 1st woman to walk in space
26 July
1656 - Rembrandt declares he is insolvent
1835 - 1st sugar cane plantation started in Hawaii
1908 - FBI founded
27 July
1694 - The Bank of England opens for business in London to print currency and manage the national debt. It goes on to become one of the world's most effective central banks
1866 - Atlantic telegraph cable successfully laid (1,686 miles long)
1971 - Merrill Lynch & Co. goes public, becoming the first New York Stock Exchange firm to do its own initial public offering on the NYSE
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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Canada: Beer sales total 22.7 mln hl in 2015
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In 2015, Canadians enjoyed 22,707,133 hectolitres of beer. Canadian beer accounts for 84% of this figure, totalling 18,973,357 hl, an increase of 0.2% compared to 2014, Canada Beer association said in its latest report.
Imported beer sales increased by 4.5% in 2015 to a total of 3,733,776 hl. Since 2010, the Canadian beer category has declined by 663,865 hl or 3.4%.
The number of licensed breweries in Canada has risen almost 108% over the past five years to 644 operating in 2015. Over half of these breweries make their products in Ontario and Québec.
Increasing can sales show the container rose to a 54.7% share of the domestic packaged beer market in 2015. Draught sales remained unchanged and bottle sales fell 4.3 percentage points to 35.4%.
Domestic consumption of Canadian and imported beer in 2015 stood at 63.34 litres per person based on total population. At the provincial level, per capita consumption is highest in Newfoundlan at 77.32 litres. Québec and Alberta have the second and third highest per capita consumption at 71.91 and 66.23 litres respectively.
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USA: First-half craft beer output up 8%, number of brewers reaches record high of 4,656 as of June 30
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Craft brewers are still growing, according to new mid-year data released by the Brewers Association (BA)—the not-for-profit trade association dedicated to small and independent American brewers. American craft beer production volume increased eight percent during the first half of the year.
“While the craft brewing industry is entering a period of maturation, most markets are not near saturation,” said Bart Watson, chief economist, Brewers Association. “As craft’s base gets larger, as with any industry, it becomes more difficult for it to grow at the same percentage rate. Yet there is still tremendous dynamism reflected in eight percent growth for craft. Production growth of small and independent craft brewers continues to be one of the main bright spots for domestic beer in the U.S. Even in a more competitive market, for the vast majority of small and independent brewers, opportunities still exist.”
As of June 30, a record high of 4,656 breweries were operating in the U.S, an increase of 917 breweries over the same time period of the previous year. Additionally, there were approximately 2,200 breweries in planning. Craft brewers currently employ an estimated 121,843 full-time and part-time workers in a variety of roles including many of manufacturing
...More info on site
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USA: Boston Beer Co. reports Q2 earnings of $26.6 mln
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Boston Beer Co. on July 21 reported second-quarter earnings of $26.6 million.
On a per-share basis, the Boston-based company said it had net income of $2.06.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.
The brewer posted revenue of $261.2 million in the period.
Boston Beer shares have declined 18 percent since the beginning of the year. In the final minutes of trading on July 21, shares hit $164.74, a fall of 26 percent in the last 12 months.
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USA, KS: Happy Basset Brewing opens its doors in Topeka on July 22
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A new microbrewery in Topeka opened its doors on July 22 with four brews on tap and a packed house, cjonline.com reported.
Eric and Marne Craver were busy behind their business’ small bar about 4:30 p.m., just half an hour after Happy Basset Brewing Co. opened for business in the Villa West shopping center, 6044 S.W. 29th.
“Clearly it’s going well,” Marne Craver said.
Dozens of the couple’s friends and supporters crowded the small space to sip craft beer and cocktails and offer congratulations to the couple. Craver said the couple is planning to expand the business by purchasing an available space next door in the shopping center.
Happy Basset Brewing currently has four beers on tap: two cream ales, a porter and an IPA, Craver said. The business plans to keep six to eight beers on tap in the future, she said, but they haven’t yet had time to brew more because they only recently received their license.
The brewery will offer its beers and cocktails from Wednesday through Sunday. Because it doesn’t have a kitchen, customers are welcome to bring their own food. Craver said the couple also hopes that, after the business becomes more established, food trucks may park outside.
In a news
...More info on site
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Canada, AB: Alberta’s craft beer industry not growing as fast as it could because of regulatory barriers
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Albertans drink a lot of beer but have few craft breweries, MetroNews Canada reported on July 20.
But some say that's about to change.
A new report from Beer Canada, the industry’s trade group, shows Albertans had Canada’s third highest rate of beer consumption behind only Newfoundland and Quebec.
Yet that hasn’t translated into a big growth in local brewers.
Alberta had 40 brewers as of 2015, the same number as Nova Scotia, a province with less than a quarter as many people.
British Columbia, with about 500,000 more people than Alberta, has 120 breweries by comparison.
Ben Rix, one of four co-founders of the recently launched Bent Stick Brewing company in Edmonton, said its regulatory barriers have stood in the way of growth.
Rix and his co-workers all worked at Alley Kat Brewing before the government changed rules in 2013, allowing brewers to be licensed without requiring them to produce large volumes.
“When that rule changed we all started chit chatting at work,” Rix said.
Since that first meeting, Rix said the company bought equipment, found a location and perfected their recipes.
“People have been excited to get some new players in the area and the beer has been selling really well so far,” he said.
Stehphen Anderchek, the business
...More info on site
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USA, NY: Northern Eagle Beverages buying the Glens Falls Brewing Company
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Northern Eagle Beverages will be purchasing the Glens Falls Brewing Company, according to a media release from the Oneonta beverage distributor, Oneonta Daily Star reported on July 22.
The deal is expected to close by the end of the summer, the release said; terms of the deal were not disclosed.
Glens Falls Brewing LLC, located in Queensbury, was started by Richard and John Davidson of Davidson Brothers Brewing Company in 2014. Also in 2014, Northern Eagle purchased the Cooperstown Brewing Company in Milford for an undisclosed cash sum.
During renovations to the Milford facility, Cooperstown Brewing Co. contracted with Glens Falls Brewing to brew its beers. According to the release, both breweries use identical systems to brew their beers.
"We have worked very closely with the Davidsons over the past couple of years on the brewing side of the business," Northern Eagle president George Allen said in the release. "As a distributor, we have carried their beers since 2012, so I think we are very comfortable with each other. ... When the opportunity to purchase Glens Falls Brewing Company came before us, we knew it would be a good fit."
The Queensbury brewery is poised to expand, adding lagering tanks, a canning
...More info on site
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USA, CA: Two breweries preparing to open in Ojai Valley
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A former owner of Golden Road Brewing in Los Angeles has purchased a long-vacant bowling alley in Ojai with the idea of turning the property into a microbrewery, restaurant and boutique hotel, according to a local architect connected to the project, Ventura County Star reported on July 14.
Brewer and restaurateur Tony Yanow completed the purchase of the 1˝-acre property at 1202 E. Ojai Ave. in June, said Marc Whitman, of Whitman Architectural Design, Inc.
Preliminary plans for the project were presented to the Ojai Planning Commission in May and have since been revised to address privacy concerns raised by neighbors, Whitman said on July 13.
The project will be built in two phases, he said. The brewery and restaurant are in the first phase, with a proposed two-story, 36-room hotel in the second.
The project currently is in the environmental-review stage, which likely will take several months to complete, Whitman said.
Meanwhile, another microbrewery is under construction elsewhere in Ojai.
The owners of Ojai Valley Brewery earlier in July installed pipes at its future production facility on Bryant Street.
If all goes as planned, beers made there by brewmaster Jeremy Haffner will be served starting this fall on the back patio turned beer garden at AZU
...More info on site
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USA, NJ: Lone Eagle Brewery holds grand opening on July 22
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Lone Eagle Brewery on Stangl Road in Flemington, NJ held its grand opening on the afternoon of July 22. Owners Todd Becker and Bob King were all smiles and proud to show off their spanking-new facility, Tapinto.net reported.
The brewery was named in honor of famed aviator Charles Lindbergh, who’d been nicknamed The Lone Eagle after his first-ever solo airplane flight across the Atlantic in 1927.
The brewery was originally to be named Conspiracy Brewing, which was chosen after an online campaign to find a name. And although Conspiracy was trademark-free when the owners first announced the name last year, a subsequent research revealed that someone in Massachusetts filed paperwork to secure the trademark.
An unofficial opening was held on July 21. The brewery filled to capacity, but eager visitors happily waited in line to enter.
Before cutting the ribbon, Flemington Mayor Phil Greiner remarked that – although the brewery’s owners had planned a late-summer opening – he figured it would be late-fall before they actually opened. That wasn’t a reflection of any lack of confidence in the founders, but recognition of strict state regulations governing breweries.
Lone Eagle is able to produce about 35,000 gallons of beer per year — or about 280,000
...More info on site
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USA, MN: Construction of Island City Brewing Co.’s taproom and brewery underway in Winona
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Craft beer will gain another foothold in the Winona area, with construction on a new taproom and brewery under way, Winona Daily News reported on July 16.
Island City Brewing Co. on Winona’s riverfront has its sights set on fall for an opening date. Partners Colton Altobell and Tommy Rodengen have been working since April on their new space at 65 E. Front St., in the unused portion of the Jefferson Pub and Grill building.
Altobell, a Winona native, said the two spent about six months looking at locations and deciding if it would be a good fit for the area. After deciding that yes, people in Winona would like more craft beer, the pair has been moving forward with creating a space and niche for their business.
Altobell said they’re trying to bring craft beer to larger audiences and “cast a wide net.”
“There’s a beer for every pallet,” Altobell said. “I think people are just discovering that.”
Both owners have previous brewing experience. Rodengen worked in several capacities with Lucid Brewing, now named Northloop BrewCo. and located in Minneapolis. Altobell also worked at Lucid Brewing and with Lakes and Legends Brewing Co. in Minneapolis.
Island City Brewing Co.is planning for a 15-barrel brewhouse, which
...More info on site
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USA, CT: Concentric Brewing Co. could launch in Berlin in the first quarter of 2017
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Concentric Brewing Co. is another step closer to opening its doors in Berlin, Connecticut, New Britain Herald reported on July 19.
The Planning and Zoning Commission recently approved a special permit and site plan that will allow the brewpub to operate at 817 Farmington Ave., the former home of A.S. Labieniec’s Feed and Grain Store.
Prior to PZC approval, the Zoning Board of Appeals approved the location, along with both indoor and outdoor service, said Hellyn Riggins, director of development services. According to the proposed site plan, a deck with outdoor seating will run along the portion of the brick building facing Farmington Avenue.
The proposal for the brewpub, which would be the town’s first, was brought to the PZC in January by David J. Peichert of Middletown, a co-owner of Concentric Brewing Co.
The business, which is owned by Peichert and business partners Brian Aida and Joshua Superchi, will include a taproom, bar and seating inside, with additional tables outdoors. Customers will be able to participate in beer tastings, order a beer at the bar, and buy sealed bottles to take home, Peichert said.
The owners plan to brew a variety of beers, including IPAs, stouts, sours and Belgian-style drafts, Peichert said. The brews
...More info on site
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USA, VA: Black Narrows Brewing Company to break ground in Chincoteague later this month
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The craft brewing wave sweeping the nation will finally break on Virginia’s Eastern Shore, Delmarva Daily Times reported on July 19.
Black Narrows Brewing Company, co-founded by Jenna and Josh Chapman, aims to break ground later this month and open its doors on Chincoteague this fall in the former shucking house of Little Bay Seafood Company.
The Chapmans, joined by her parents Bob and Wendy Huntley and sister Katie Branscome, have always felt a sense of commitment to the local community. Josh Chapman, who has vacationed on Chincoteague his whole life, proposed to Jenna Chapman on Assateague; the two were married there and recently celebrated 10 years of marriage with a gathering on the barrier island.
“We always knew that this place held a homelike feel in our hearts,” said Josh Chapman.
Chapman, whose background is in culinary arts, started homebrewing in 2010 after being introduced to the craft by a co-worker. He and Bob Huntley brewed together on a small scale for years before Chapman decided to make the leap to full-time professional brewing in 2013. Chapman began working for Bluejacket, a brewery in Washington, D.C., where he now holds the position of head brewer.
Chapman credits his culinary background as an influence on
...More info on site
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USA, MI: Mitten Brewing Company opens in place of Northport Brewing in Northport
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The craft beer scene in Northport underwent a quiet transition this month.
Northport Brewing, a main attraction in the quaint town, closed abruptly in early July. Grand Rapids-based brewery, Mitten Brewing Company, opened in its place at 112 W. Nagonaba the next day, The Record Eagle reported on July 19.
"It wasn’t something that was really in our short term plans," said Max Trierweiler, who co-owns The Mitten in Grand Rapids with Chris Andrus.
But the two wanted to help when they heard from their longtime friend Kevin Murphy in May that the small brewery and taproom likely couldn't stay open much longer. Murphy's food truck — Earth, Wind and Fryer — served up food in the beer garden at Northport Brewing, which didn't have its own kitchen.
"He told us about the situation at Northport," Trierweiler said. "There were no brewers there anymore and the partners had left the business. They were waiting until the last keg of beer was gone to close, and there was no plan after that."
Trierweiler and Andrus were soon in talks with a former Northport Brewing owner, Karl Wizinsky, to buy the brewery and transform it into a Mitten taproom.
"It’s a hugely important part of town," Trierweiler said.
...More info on site
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USA, WA: Floating Bridge Brewing launches in Seattle
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Very quietly, Seattle’s newest brewery opened its doors on July 21st. Floating Bridge Brewing is located in the University District at the corner of NE 45th Street and 8th Ave., seattlepi.com reported.
The opening lineup included Cascadian Dark Ale, Amber, IPA, Bitter, Juniper Bitter, and a Wheat beer.
According to the company website, they “are a family-owned, family-run artisan brewery. We are excited to be a part of the Renaissance in brewing that is unleashing the creativity of brewers and putting fresh, local beer within walking distance of more and more beer lovers. We have big dreams of staying small and preserving the homebrewing spirit of experimentation, quality and camaraderie.”
The family-friendly taproom is open Thursdays and Fridays 3:00 – 9:00, Saturdays and Sundays 11:00 – 9:00.
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USA, NC: Currahee Brewery opens in downtown Franklin
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A second brewery has opened in downtown Franklin, the latest addition to a growing mountain craft beer scene, Asheville Citizen-Times reported on July 21.
Currahee Brewing is in a new building at 100 Lakeside Drive "with a couple of hundred feet of frontage on the Little Tennessee River," said brewer Taylor Yates, who previously was lead brewer at Moon River Brewing in Savannah, Georgia. Brewery owner Brandon Hintz was at SweetWater brewing in Atlanta. The brewery takes its name from a Cherokee word meaning "stand alone," and from a mountain in northeast Georgia.
Currahee is targeting "craft beer aficionados" with a line that includes three year-round beers: Wayah Lager, which Yates describes as a traditional German brew (5.6 percent alcohol by volume); Frankenstrong Belgian strong (8.2 percent ABV); and Garand East Coast style IPA (6.8 percent ABV). The brewery will also offer seasonal and specialty beers.
Currahee is using an American-made 15-barrel brewing system with four 35-barrel fermenters. He expects the brewery to soon be canning in 12-ounce packages.
Currahee has a German-style biergarten, a patio with a fireplace and a large indoor tasting room. Mountain Fresh Grocery of Highlands will provide food for hungry customers. Currahee has joined the Asheville Brewers Alliance,
...More info on site
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USA, CO: Zuni Street Brewing plans to open in Denver sometime this fall
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TJ Slattery and Willy Truettner could have spent less money to rent space for their brewery in a different neighborhood or on the outskirts of Denver, but when they found the former home of the Green Garage — an eco-friendly auto mechanic with solar panels on the roof — they decided it was worth the cost, Westword reported on July 20.
“We wanted to create a wilderness oasis in the city,” says Slattery, who grew up in Denver and has a background in sales and finance. “The Green Garage is a higher rent, but it is very appealing.” The two plan to open Zuni Street Brewing, at 2900 Zuni Street, sometime this fall.
Some of that appeal comes from the Lower Highland neighborhood, a dense area full of young Denver residents who enjoy craft beer and outdoor activities — just like Slattery and Truettner, who first met as lab partners in middle school sixteen years ago. But they also liked the existing garage doors — there are eight of them — that will open up to two separate patios on either side of the brewery.
The interior of the 3,500-square-foot space will be decorated in a motif that evokes wood, trees and nature,
...More info on site
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USA, MN: HeadFlyer Brewing aims at fall opening in Minneapolis
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Property management company Ackerberg Group has executed a long-term lease with HeadFlyer Brewing, a newly founded taproom and brewery, to occupy 9,435 square feet in the Miller Textile Building located at 861 E. Hennepin Ave. in northeast Minneapolis, RE Business Online reported on July 19.
The speculative project is now 61 percent leased. Renovation of the property began in December 2015 as part of the transformation of the former Miller Bag Building into office and retail space. HeadFlyer Brewing will open this fall.
Ackerberg is developing the project. Additional project partners include general contractor Bainey Construction and project architect RoehrSchmitt. First Western Bank and the City of Minneapolis provided financing. The Metropolitan Council and the Department of Employment and Economic Development (DEED) provided project grants for environmental cleanup.
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USA, VA: Wasserhund Brewing Co. finishing capacity expansion works
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Wasserhund Brewing Co. opened in Virginia Beach less than a year ago, making German beer with a two-barrel system, The Virginian-Pilot reported on July 22.
But the owners quickly discovered they couldn’t keep up with the demand for their popular Pilsners and Hefeweizens.
Last week, they were finishing installing a 15-barrel brewhouse in a former storage room at 1805 Laskin Road, behind Conte’s Bike Shop. The expansion will allow them to distribute their beers in Hampton Roads restaurants and growler shops.
Aaron and Christine Holley, along with their brother-in-law, Craig Lubinski, have invested a quarter of a million dollars to expand their dream.
Aaron and Christine Holley are Kellam High School and Virginia Tech graduates with degrees in chemical engineering. Aaron Holley earned a master’s in mechanical engineering. They started homebrewing in 2010 while living in a small apartment in Northern Virginia and working 9-to-5 jobs. They visited Germany for Oktoberfest in 2012, and Aaron Holley began creating lagers.
Soon after, they quit their jobs and moved home to open a brewery with Lubinski.
There are more than a dozen breweries in Hampton Roads, and the number continues to grow. San Diego-based Green Flash will open on General Booth Boulevard with 100,000 barrels, and one
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World: AB InBev raises its $100bln-plus bid for SABMiller
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Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on July 25 in an attempt to quash investor dissent over an offer
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World: SABMiller suspends work on integrating operations with AB InBev
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SABMiller Plc has suspended work on integrating the brewer’s operations with that of suitor Anheuser-Busch InBev NV, potentially throwing the industry’s biggest deal ever
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Belgium: Domestic beer consumption declines, export grows 8% last year
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Belgium’s domestic beer consumption fell by 1.8% to 7.95 mln hl in 2015, whilst export continued to do well, rising 8% compared to 2014,
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EU: US and European buyout funds interested in SABMiller’s central and eastern European beer brands
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U.S. and European buyout funds are gearing up for SABMiller's sale of its central and eastern European beer brands, with some seeking to join
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Russia: First-half beer output up 0.6%
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Russia’s beer output increased by 0.6% in the first half of this year, Profibeer reported citing official Rosstat data.
Production of vodka increased by 9.5%
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Japan: Asahi Group Holdings expects first-half net income to beat initial estimates
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Asahi Group Holdings Ltd., Japan’s biggest beer maker by market value, said net income for the six months ended June 30 probably beat its initial estimate by 44 percent on strong sales of its non-alcoholic beverages in its home market, and better-than-expected performance overseas, Bloomberg reported on July 26.
First-half net income rose to 28.5 billion yen ($274 million) from the forecast of 19.8 billion yen given in February, Asahi said in a preliminary earnings statement on July 26. The brewer raised operating profit forecast by 18 percent to 52.4 billion yen, and revenue forecast by 0.4 percent to 863.7 billion yen, also citing lower raw material costs and improved utilization of assets.
“This kind of upward revision is rare for Asahi so it is pretty positive for its shares,” said Satoshi Fujiwara, an analyst at Nomura Securities Co. The Tokyo-based brewer “is improving the product mix with a bigger focus on coffee and tea, which are more profitable than water, for example.”
Asahi is seeking expansion overseas to counter slumping beer consumption in Japan, and in April clinched a 2.55 billion ($2.8 billion) euros deal to buy the Peroni, Grolsch and Meantime beer brands in Europe from Anheuser-Busch InBev NV. Domestically, the
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South America: Argentina and Brazil’s barley plantings forecast to drop, Uruguay to plant more barley this year
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Argentina had harvested 4.9 mln tonnes of barley in good condition, H. M. Gauger GmbH said in their July report.
Later in the harvest
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UK: Barley crop prospects at least average this year
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The U.K. recorded a cold and rainy spring, delaying growth of winter and planting of spring barley. Nevertheless crop prospects are at least average,
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Bulgaria: Per capita beer consumption increases to 73.5 litres
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In 2015, Bulgaria’s per capita beer consumption increased to 73.5 litres, the Union of Bulgarian Brewers reported on July 19. The previous five-year average was 72 litres per capita.
A recent survey showed Bulgarian men drink beer around twelve times per month, while women only choose beer 5 times per month.
In the last five years, Bulgaria’s breweries launched more than 42 new beer brands and types. Last year saw the increase in popularity of unpasteurized and unfiltered beer.
According to local brewers, Bulgaria’s beer market increased 2% last year versus 2014.
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UK: Craft beer may benefit from Brexit but big brewers may lose out
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As businesses scramble to get their heads around the ramifications of leaving the European Union (EU), the beer industry is one that analysts predict will have split fortunes, with craft benefiting from Brexit and big brewers losing out in the face of unknown trading laws, The Drum reported on July 25.
With production split between the UK and internationally, many brewers such as Heineken and the newly merged SABMiller and AB InBev may have to re-examine their business models and shift from imported to licensed beer depending on the positioning and consumer perception of the brand according to a newly released report by Rabobank. Currently, around 18 per cent of the UK’s beer market is imported, while 13 per cent of the production volume is exported.
At Heineken, the brewer is still trying to fully understand the implications of the vote, but played down the impact it could have on its import/export business. Speaking a spokeswoman for the business said: “Heineken is a truly international business, and we work successfully within a huge variety of constitutions and political frameworks. Our business in the UK is strongly focused on UK consumers. Imports and exports are a relatively small proportion of that business and
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World: Molson Coors Brewing announces a number of new leadership appointments
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Molson Coors Brewing Company (“Molson Coors” or “the Company”) on July 25 announced that it has made a number of new leadership appointments that will take effect upon the close of the MillerCoors acquisition, which is expected before the end of the year.
Kandy Anand, the current President and CEO of Molson Coors International, will be appointed to the newly created role of Chief Growth Officer for Molson Coors, responsible for leading the Company’s global commercial excellence strategy, including global brand development and corporate strategy.
Michelle Nettles, the current Chief People Officer for MillerCoors, will be appointed to the newly created role of Chief People and Diversity Officer for Molson Coors, responsible for building a strong, diverse and efficient global team that supports the Company’s business objectives.
Stewart Glendinning, the current President and CEO of Molson Coors Canada, will be appointed as the new President and CEO of Molson Coors International and will be responsible for accelerating the growth of the Company’s expanded international business with the addition of the Miller brands globally.
Frederic Landtmeters, the current Managing Director of Molson Coors UK and Ireland, will be appointed as the new President and CEO of Molson Coors Canada and will be responsible for continuing
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Vietnam: Deputy CEO of scandal-hit Sabeco likely to become its CEO
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The Deputy CEO of the scandal-hit Sabeco seems likely to become CEO of the beer giant after the position remained vacant for months and led to its recent leadership crisis, VietNamNet Bridge reported on July 22.
Mr. Le Hong Xanh, Deputy CEO of the Saigon Beer Alcohol-Beverage Joint Stock Corporation (Sabeco) was named as a candidate for the CEO position in the brewer’s proposal sent to the Ministry of Industry and Trade (MoIT) on July 20, according to sources close to the matter.
If the proposal is approved, Mr. Xanh, born in 1957, who is also a member of Sabeco’s Board of Management, will take over the CEO position that has been temporarily filled by Chairman Mr. Vo Thanh Ha since January.
Mr. Ha holding the two positions is believed to be contrary to regulations for the Law of Enterprises.
The proposal raised some eyebrows, however, as Mr. Xanh will retire due to his age in July 2017, creating concern that his year or so in office will do nothing to help the corporation’s business performance.
But some see it as a good move. “It is necessary to have an experienced leader like Mr. Xanh at Sabeco for the time being,” Mr. Nguyen Hoang Hai,
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Japan: Asahi, Kirin to transport beer across Japan jointly next year
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Asahi Breweries and Kirin Brewery will join forces next year in transporting beer across Japan by rail, a mode that is less expensive than trucks and more environmentally friendly, Nikkei Asian Review reported on July 27.
Under an arrangement to be announced on July 28, the rivals will work with Japan Freight Railway and Nippon Express to deliver beer to the Hokuriku region along the Sea of Japan coast.
Output from Asahi's Suita brewery near Osaka and Kirin's Kobe brewery will go by Nippon Express trucks to a JR Freight depot, and then by train to depots in Hokuriku. Nippon Express trucks will take over from there to deliver the products to wholesalers and other customers.
Rail shipments from the Osaka-Kobe area to Ishikawa Prefecture will begin in early 2017, with shipments to Toyama Prefecture to start as soon as that autumn.
The Asahi Group Holdings and Kirin Holdings units have no breweries in Hokuriku. Shipping beer by truck has become expensive owing to the long distances covered and driver shortages.
Rail transportation is expected to cut the cost of Hokuriku-bound shipments by a few percent. Asahi and Kirin will consider expanding the arrangement to other regions where they lack production facilities.
Many Japanese businesses in
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South Korea: Hite Jinro starts import of Australia’s Tooheys Extra Dry beer
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Australian beer Tooheys Extra Dry hit bars in Korea starting July 22, according to a statement of Korean manufacturer Hite Jinro.
Tooheys Extra Dry, made by Lion in Australia, is a dry lager beer with 4.4 percent alcohol volume. The beer will only be sold in 345-milliliter bottles through bars, pubs, and dining bars. It will not be available through supermarkets or convenience stores.
According to a spokesman for Hite Jinro, which imports the beer, Tooheys is especially popular in Australia among younger drinkers.
The Extra Dry line is the latest release from Tooheys, which has been producing beer in Australia since 1869.
In its foreign beer lineup, Hite Jinro also includes Singha from Thailand, Kirin from Japan, and Kronenbourg 1664 from France.
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