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E-Malt.com Newsletter 32a
August 07 - August 09, 2017
Quote of the Week
A somebody was once a nobody who wanted to and did.
John Burroughs
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Currency Rates
Base Currency: US Dollar
on August 09, 2017 |
Base Currency: Canadian Dollar
on August 09, 2017 |
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1 USD = 0.8484 EUR
1 USD = 0.7683 GBP
1 USD = 1.2668 CAD
1 USD = 1.2627 AUD
1 USD = 110.4900 JPY
1 USD = 3.1255 BRL
1 USD = 59.9886 RUB
1 USD = 6.7058 CNY
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1 CAD = 0.7893 USD
1 CAD = 0.6064 GBP
1 CAD = 0.6696 EUR
1 CAD = 0.9966 AUD
1 CAD = 87.2100 JPY
1 CAD = 2.4669 BRL
1 CAD = 47.2685 RUB
1 CAD = 5.2927 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Canada, AB: Big Rock Brewery reports Q2 and H1 financial results
...Click here
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USA, WI: O'so Brewing Company to open new brewery in Stevens Point
...Click here
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USA, MA: Brewery Silvaticus heading towards September opening in Amesbury
...Click here
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USA, MA: River Styx Brewing opened by longtime home-brewing couple in downtown Fitchburg
...Click here
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USA, TX: Central District Brewing aiming to open in downtown Austin by the end of 218
...Click here
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Canada, BC: Iron Road Brewing opens its doors to the public in Kamloops
...Click here
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USA, VA: State Street Brewing Co. planned for downtown Bristol in 2018
...Click here
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USA, MN: Cold Spring Brewing sold to private equity firm
...Click here
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USA, MA: Untold Brewing being opened by siblings in Scituate
...Click here
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Canada, NB: Railcar Brewing opens new location in Perth-Andover, New Brunswick
...Click here
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USA, OR: North Forty Brewery launching in Roseburg soon
...Click here
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USA, CA: Sacramento’s Rubicon Brewing shutting its doors after 30 years
...Click here
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USA, OH: Blank Slate Brewing Company unexpectedly closes its business
...Click here
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Canada, PE: New brewery and pub planned for Summerside
...Click here
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Russia & Ukraine: AB InBev and Anadolu Efes agree to merge operations in Russia and Ukraine
...Click here
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Japan: Suntory’s Q2 operating profit declines on weakness in Asian markets
...Click here
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Brazil: Brewing industry generates 2.2 mln jobs and R$23 bln in taxes
...Click here
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Vietnam: Phased sale of stake in Saigon Beer Alcohol Beverage Corp. seen as a way to get best price
...Click here
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World: Hop crop expected at around 100,000 tonnes this year
...Click here
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Croatia: Croatia breweries’ collective profit down 7.2% last year
...Click here
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New Zealand: Craft beer price and market share rise in 2016
...Click here
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New Zealand: Demand for aroma hops expected to drive 40% increase in New Zealand Hop’s acreage
...Click here
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Japan: All of Japan's brewers can and should do better
...Click here
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World: AB InBev among brewers focusing on alcohol-free beers
...Click here
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Brazil: Craft beer sector boosted by exotic and regional products
...Click here
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Ethiopia: Local malting barley and malt production still not enough to meet brewing sector’s needs
...Click here
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Spain & UK: Spanish San Miguel beer enjoying particular popularity in the UK
...Click here
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Graph of the Week
Table of the Week
World Hop Area and Production 2013 - 2016
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
07 August
1888 - Theophilus Van Kannel of Philadelphia patents revolving door
1928 - The dollar shrinks, literally: the US Treasury unveiled a new version of the note that was one third smaller than its predecessor
1955 - Tokyo Telecommunications Engineering, the precursor to Sony, sells its first transistor radios in Japan
1959 - Explorer 6 transmits 1st TV photo of Earth from space
08 August
1709 - known ascent in hot-air balloon, Bartolomeu de Gusmao (indoors)
1876 - Thomas Edison patents mimeograph (stencil duplicator or the printing machine)
1876 - Thomas Edison receives a patent for his mimeograph
1896 - The Dow Jones Industrial Average, less than three months old, hits the lowest level ever recorded: 28.48, down 30.5% in just ten weeks
09 August
1874 - Harry S Parmelee patents sprinkler head
1945 - US drops 2nd atomic bomb "Fat Man" on Japan destroys part of Nagasaki
1976 - USSR launches Luna 24, last Lunar flight to date from Earth
Agenda
August 2017:
04-06: The 21st International Berlin Beer Festival (Berlin, Germany)
08-12: The Great British Beer Festival 2017 (London, UK)
09-12: Vietfood & Beverage 2017 (Ho Chi Minh City, Vietnam)
September 2017:
03-06: 18th Australian Barley Technical Symposium (Hobart, Tasmania)
07-09: Irish Craft Beer Festival 2017 (Dublin, Ireland)
11: International MicroBrew Symposium 2017 (Munich, Germany)
11-15: drinktec 2017 (Munich, Germany)
16-03 October: Oktoberfest (Munich, Germany)
23-24: Whisky Live Paris 2017 (Paris, France)
October 2017:
16-17: 104 VLB October Convention 2017 (Berlin, Germany)
23-25: 8th Ibero-American VLB Symposium 2017 in Guatemala (Guatemala City)
26-28: drink technology India 2017 (New Delhi, India)
November 2017:
22-23: Craft Beer Italy 2017 (Milan, Italy)
More events are available on site www.e-malt.com
News Articles
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Canada, AB: Big Rock Brewery reports Q2 and H1 financial results
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Big Rock Brewery Inc. on August 3 announced its financial results for the three and six months ended June 30, 2017.
"Big Rock continued to grow production volumes and gross profit during the second quarter of 2017," said Interim CEO Barbara Feit. "Sales of Big Rock's bottled and canned products increased in the quarter, particularly in Alberta. These increases were led by AGD, private label brands and the limited-edition Canada 150 Variety Pack, but also included increases in Big Rock's flagship Grasshopper and Traditional brands and newer brands such as Pilsner and Rhinestone Cowboy. Ontario also contributed to growth as the addition of the Etobicoke brewery in the fall of 2016 and Liberty Commons at Big Rock Brewery restaurant in early 2017 continued to gain a foothold in Canada's most populous province."
For the quarter ended June 30, 2017, compared to the second quarter of 2016, the company's:
• sales volumes increased by 9%, from 56,524 hectolitres ("hl") to 61,703 hl;
• net revenue increased by 11%, from C$12,117 thousand to C$13,496 thousand;
• operating profit decreased from C$656 thousand to C$246 thousand;
• net income decreased to C$207 thousand from C$383 thousand; and
• cash from operating activities increased to C$633 thousand from C$136.
For the six months ended June 30, 2017,
...More info on site
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USA, WI: O'so Brewing Company to open new brewery in Stevens Point
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O'so Brewing Company will be expanding in Stevens Point with a $2 million project within the next two years. Stevens Point City Council met in a special session on August 7, unanimously approving the plan, WAOW reported.
"I think it's going to be a fabulous project, O'so has had a 10 plus years history success in central Wisconsin, I think their expanding is a testament to that," said Stevens Point Mayor Mike Wiza.
Currently, O'so leases 12,000 sq/ft in Plover for their retail and manufacturing space along with 4,000 sq/ft in Stevens Point for storage.
The new location would be on County Highway HH just passed Brilowski Road in Stevens Point.
"I think the project is a good fit, we'll become a destination," said Wiza.
Big Thinker, LLC will be developing the project which includes a brewery, taproom and barrel aging cellar. The space will then be leased to O'so.
"Some of the things they're going to be doing in conjunction with the new project are a disc golf course, and a kickball course, and things like that, growing their own hops on site, it's a fabulous project," said Wiza.
The city will be selling Big Thinker, LLC 20 acres of land for $1 and providing a
...More info on site
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USA, MA: Brewery Silvaticus heading towards September opening in Amesbury
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Brewery Silvaticus is heading towards a September 2017 opening at 9 Water St. in the Carriage Mills complex in downtown Amesbury, reports the Globe, and while several local restaurants will carry Silvaticus beer on draft, the team “expect[s] to sell most of their product under their own roof.”
The taproom will serve full pints, plus crowlers to go, and there will be an outdoor beer garden on the Powwow River.
Per the Silvaticus website, the team “share[s] a deep respect for the traditional beers of Europe and our goal is to pay homage while innovating and adapting our craft to push it forward.” The focus will be on Belgian farmhouse ales and German-style lagers.
Two of the brewery’s four founders, Mark Zappasodi and Caroline Becker Zappasodi, own Tamarack Farmstead in Merrimacport, where they’ll grow their own hops for some Silvaticus beers, according to The Improper Bostonian.
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USA, MA: River Styx Brewing opened by longtime home-brewing couple in downtown Fitchburg
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Longtime home-brewers Scott and Jackie Cullen first had an idea to build their own beer production facility out of their basement. Months into a licensing process, they were denied permitting because the facility would have been located in a living space, Worcester Business Journal reported on August 4.
That step backward has turned out well for Fitchburg-area beer lovers. The couple opened River Styx Brewing last weekend at 166 Boulder Drive in downtown Fitchburg.
"We deliberated and decided to pursue our dream for a taproom and brewery," Jackie Cullen said.
River Styx opened with a four-day long-weekend grand opening, and will be open on Wednesdays and Thursdays from 5 to 11 p.m., Fridays from 3 to 11, Saturdays from noon to 11, and Sundays from noon to 8.
The idea for the name came from River Styx Road in Ashburnham, the road the couples takes home each day. They also figured a theme might help patrons to remember the name. River Styx, from Greek mythology, the River Styx is a boundary between the earth and the underworld.
The Fitchburg facility has 12 taps, with a mix of IPAs, stouts, farmhouse ales and a porter, which are available in full servings or as part of six-sample
...More info on site
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USA, TX: Central District Brewing aiming to open in downtown Austin by the end of 218
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Downtown Austin is getting a new brewery with Central District Brewing. It'll be found within the Austin Convention Center garage on 5th and Red River streets. The plans for the brewery, from owners Julie Ballato and Angela Duley, were approved last week by Austin City Council. It’s aiming to open by the end of 2018, Eater Austin reported on August 7.
“We want to create a community spot for locals and a space where travelers feel welcomed,” said Ballato of Central District Brewing. She and Duley dreamt of opening their own brewery since 2013, when they opened their company East Holly, LLC.
All Central District Brewing beers will be brewed on the property, with annual and seasonal European- and American-style beers. For those looking for non-alcoholic drinks, there will be root beer and tapped sparkling juices. The brewery will also offer tastings and classes on beer production and Austin’s brewing history.
Duley’s husband Adam will oversee the brewing operations. He brewed beers in Texas and France, as well as apprenticed at California’s The Lost Abbey and Port Brewing.
The downtown location is a prime spot for the brewery, with proximity to the convention center, the Rainey, Red River, and Dirty Sixth crowds, and it’s
...More info on site
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Canada, BC: Iron Road Brewing opens its doors to the public in Kamloops
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A new brewery and taproom in Kamloops has opened its doors to the public, Canadian Beer News reported on August 4.
Iron Road Brewing has been founded by Jared Tarswell and Richard Phillips, with brewer Aaron MacInnis overseeing production in the brewhouse.
Beers currently available on tap include Locomotive Lager (4.5% abv, 30 IBU), Red Bridge Pale Ale (5.0% abv, 41 IBU), Loop Line IPA (5.5% abv, 55 IBU), Summer Ale (5.0% abv, 40 IBU), and Farmhouse Ale (4.5% abv, 40 IBU).
Iron Road also features a 60 seat taproom and a food menu focused on Mexican snacks and meals including tacos, nachos, empanadas and quesadillas.
Iron Road Brewing is located at 980 Camosun Crescent near Thompson Rivers University.
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USA, VA: State Street Brewing Co. planned for downtown Bristol in 2018
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A new downtown brewery is planned for the long-vacant former Hayes Furniture building in downtown Bristol, Bristol Herald Courier reported on August 7.
State Street Brewing Co. is expected to open at 801 State St., once the two-story, 20,000-square-foot building has been rehabilitated and brewing equipment installed, according to new co-owner Debi Denney.
Denney and her husband, Larry Denney, recently acquired the property, which she calls the “best property” in downtown. They plan to lease to ground floor to their sons-in-law Kent and Kody Pierson, to establish and operate the brewery.
“Our sons-in-law were looking at places in Cincinnati and they came to look in Bristol,” Debi Denney said. “They looked at three or four spaces downtown, walked in here and fell in love with the space. It just felt right to them. Larry walked outside and said, ‘I cannot wait to start working on that place.’”
The Pierson twins, who currently live in Cincinnati but are relocating to the Twin City, have been brewing beer there for about eight years and sharing their product with friends.
“They’ve got their recipes down,” Larry Denney said.
The brewery is expected to open in 2018 and will join existing brewers Ken Monyak at Bristol Brewery on Cumberland Avenue
...More info on site
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USA, MN: Cold Spring Brewing sold to private equity firm
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Cold Spring Brewing has been sold to private equity firm, The Growler reported on August 4.
Brynwood Partners, a Connecticut-based company, announced it has acquired Cold Spring Brewing Company from the Lenore family.
Founded in 1874 in Cold Spring, Minnesota, the company has roughly 350 employees and an annual sales of more than $60 million. Terms of the deal were not disclosed in the press release.
“On behalf of Brynwood Partners, I would like to express my sincere gratitude to the Lenore family for working with us on this transaction,” said Ian MacTaggart, President and COO of Brynwood Partners in the press release. “We look forward to supporting Cold Spring’s loyal employees and growing its operations in Cold Spring, MN, where it has resided for 143 years and plays such an important role in the community.”
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USA, MA: Untold Brewing being opened by siblings in Scituate
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Until recently, Untold Brewing co-founder Kristin Greene was working in marketing in Google’s Cambridge office, Boston.com reported on August 5.
Her brother, brewery co-founder Matt Elder, had an office job, too. A couple years ago, Elder left his desk and moved to Seattle, where he began training as a professional brewer.
“I didn’t want to just take my home-brewing skills and jump right into it,’’ says Elder, who worked the evening shift at Georgetown Brewing Co. for a while to gain experience.
“I’d finish all the brews for the day, make sure the tanks were prepped for the next morning, close up the packaging line for the night,’’ says Elder. “The good thing about the evening shift is you have to do all of it, so you really get to learn.’’
While in Seattle, Elder met Kyle Hansen, another brewer at Georgetown, with whom he developed a business plan.
“That’s when the creative juices really started flowing,’’ says Elder, who recruited Hansen to come east and then lured Greene away from Google and back to their hometown of Scituate.
There are no breweries operating in Scituate or in neighboring towns such as Hingham and Cohasset. Anyone who’s trekked to the shore off Route 3 knows the
...More info on site
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Canada, NB: Railcar Brewing opens new location in Perth-Andover, New Brunswick
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Railcar Brewing has opened its new location in the village of Perth-Andover, New Brunswick, Canadian Beer News reported on July 31.
Situated approximately 40 km north of its previous location in Florenceville-Bristol, the new Railcar is not yet licensed to sell beer to go, but samples of several brands including Honey Wheat, Mango Ale, Citra IPA, DIPA, and Blonde Ale are available in the taproom and café.
Besides the beer, patrons can also enjoy coffee from Whitney Coffee Company, oatcakes from I’m Here & I’m Hungry Baked Goods, soda and lemonade.
Railcar Brewing is located at 694 Perth Main St. in Perth-Andover.
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USA, OR: North Forty Brewery launching in Roseburg soon
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After a hard day’s work, a group of friends stop by a local brewery and enjoy an evening full of laughter with a cold beer in hand. At least, that’s the vision R.J. Mills and Arin Forrest have for their craft brewing company, North Forty, NRToday.com reported on August 4.
The two Roseburg, OR natives went to Joseph Lane Middle School and became best friends there. Later, as teenagers, the two envisioned becoming entrepreneurs and owning a small business.
When Mills turned 21, he started making his own beer at as a way to hang out with friends and as a personal hobby. Now the two brew together, and after 17 years of home-brewing, Mills and Forest turned their dreams of owning a brewery into a reality.
In 2014, the company went “pro,” which is when the duo decided to move away from Portland and take their business to the heart of downtown Roseburg, on 435 SE Jackson St.
“We grew up in Roseburg,” Mills said. “Roseburg’s identity has set with us for a long time. That individual spirit, hard work and outdoors atmosphere is a core concept of North Forty.”
The two saw an opportunity to start a business five years ago, wanting to
...More info on site
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USA, CA: Sacramento’s Rubicon Brewing shutting its doors after 30 years
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A staple to the Midtown corridor, Sacramento’s Rubicon Brewing is shutting its doors after 30 years, CBS Sacramento reported on August 7.
“It’s a sad day,” said Pat Hannon who has been buying brews since the beginning.
For Hannon and fellow patrons, the Rubicon is much more than just a local pub.
“This was our living room,” he said.
Hannon said it’s an extension of the family. He brought his daughter in the day she was born to show his friends what he had made. She’s now 24.
“I started crying, to be honest. This was my childhood, man,” said Erin Hannon.
Some have been soaking up suds far longer than that.
“Since 1988,” said Marcus Nieto.
Rubicon Brewing Company opened its doors in 1987 in Midtown and later expanded its tap room to West Sacramento.
“The Rubicon is just a haven of great people. That’s what I love about this place. I’m really devastated that it’s not going to be around,” said another patron Marty Erickson.
The owner, Glynn Phillips, released the sad news on Facebook, both locations will close for good by the end of the month. He hasn’t yet said why, but loyal patrons say the competition in Sacramento has made it difficult.
“The saturation point has been
...More info on site
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USA, OH: Blank Slate Brewing Company unexpectedly closes its business
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In Cincinnati, a city booming with breweries, a well-known one unexpectedly closed on Monday, August 7, WLWT reported.
After five years in business, Blank Slate Brewing Company, located in the East End neighborhood, is done with business.
The reason of the closure has not been made public yet.
Brew Minds, a platform rooted in the beer community, spoke to WLWT about the closing.
"The loss of Blank Slate is a truly unexpected blow to the Cincinnati craft beer community. Scott (LaFollette, owner) and his team were highly respected by professional brewers, looked up to by homebrewers and loved by craft beer fans across the city," said Tom Aguero, owner of Brew Minds.
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Canada, PE: New brewery and pub planned for Summerside
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The Journal-Pioneer reports that a Summerside restaurateur has announced plans to open a brewery and pub in one of the city’s landmark buildings.
Alex Clark, owner of OpenEats in downtown Summerside, has purchased the former railway station located just down the block from the restaurant, and plans to start work on converting it into a brewery this autumn.
The 90-year-old building at the corner of Water and Granville Streets fell into disuse following the shutdown of rail service on Prince Edward Island in the 1980s, but was reopened in the 1990s as a public library funded by the local Rotary Club. The building served this purpose for more than 20 years until the library’s move to a new location in late 2016 led to the city putting it up for sale.
While no timelines have been announced for the project, Clark has indicated that he plans to get the brewery up and running first, with distribution of the beer to local restaurants and events. The addition of an onsite pub will follow.
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Russia & Ukraine: AB InBev and Anadolu Efes agree to merge operations in Russia and Ukraine
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Brewers Anheuser-Busch InBev and Anadolu Efes have agreed to merge their operations in Russia and Ukraine in an attempt to strengthen their position in
...More info on site
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Japan: Suntory’s Q2 operating profit declines on weakness in Asian markets
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Suntory, the Japanese beverage and food group, fell as much as 8 per cent on August 8 after the company reported a fall in
...More info on site
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Brazil: Brewing industry generates 2.2 mln jobs and R$23 bln in taxes
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According to Brazilian Association of Beer Industry (CervBrasil), there are 117 thousand ha planted with cereals destined for beer production in Brazil, Brasil.gov.br reported
...More info on site
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Poland: Beer production up 14% in 2016
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Beer production in Poland increased by 14 percent over the past ten years, with 42 million hectolitres produced in 2016, compared to 37 million
...More info on site
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Vietnam: Phased sale of stake in Saigon Beer Alcohol Beverage Corp. seen as a way to get best price
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Vietnam’s plan to sell its Saigon Beer Alcohol Beverage Corp. stake in tranches may help the government extract the best price after the brewer’s
...More info on site
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World: Hop crop expected at around 100,000 tonnes this year
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On the occasion of the summer meeting of the International Hop Growers’ Convention (IHGC), which took place in Yakima, USA on August 1st, 2017,
...More info on site
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Croatia: Croatia breweries’ collective profit down 7.2% last year
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Croatia’s breweries achieved a collective turnover of over HRK 2.3 billion (€310.6 million) in 2016, however profit dropped by 7.2% on 2015, to HRK
...More info on site
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New Zealand: Craft beer price and market share rise in 2016
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The average price for a litre of craft beer has risen in the past year in New Zealand, a sign consumers are increasingly prepared
...More info on site
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New Zealand: Demand for aroma hops expected to drive 40% increase in New Zealand Hop’s acreage
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Strong demand for aromatic hop varieties will drive a 40 per cent increase in New Zealand Hops’ acreage in the coming years, according to
...More info on site
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Japan: All of Japan's brewers can and should do better
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At a local Connecticut package store, a six-pack of Sapporo goes for $10.49. For a dollar more, tipplers can take home a half-dozen bottles
...More info on site
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World: AB InBev among brewers focusing on alcohol-free beers
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Anheuser-Busch InBev is among brewers focusing on alcohol-free beers as more consumers are looking for healthier drinks that won't affect their energy levels.
Heineken said last week that sales of its low and no-alcohol ranges grew by double digits in Europe, the Wall Street Journal reports. Heineken launched a zero-percent version of its signature brand in May.
Meanwhile, Anheuser-Busch InBev previously said it wants a fifth of its beer sales to come from low or no-alcohol brews by 2025, up from the current 7 percent. AB InBev previously committed $1 billion to efforts to reduce alcohol abuse and will spend much more than that on the development of new low alcohol products, of up to 3.5 percent alcohol, or no-alcohol products, containing 0.5 percent or lower.
According to the Wall Street Journal, the focus on alcohol-free beers is partly a public relations move, to show the brewers' commitment to responsible drinking, but also makes business sense. Alcohol-free beer sells at a similar price point to traditional brews and carries a lower tax.
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Ukraine: January-July beer output down 3.9%
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In January-July 2017, the volume of beer production in Ukraine amounted to 10.82 million hl, which is 3.9% less compared to the same period
...More info on site
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Brazil: Craft beer sector boosted by exotic and regional products
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Exotic and regional products are boosting the production of Brazil’s artisanal beers, a sector that offers unique sensorial experiences to consumers, but also faces the challenge of high taxation, Latin American Herald Tribune reported on August 5.
Artisanal breweries, which have gained strength in Brazil in the last 10 years, recorded growth of 17% per year, consolidating a new trend of consumption of products differentiated by flavors, quality and sensory qualities.
Regional fruits such as cupuaçu, passion fruit, tangerine and açai are now ingredients of artisanal beers in the north and northeast of Brazil.
Other ingredients include pineapple, pepper and mate, while in the states of Parana, São Paulo and Minas Gerais, the beverages’ flavors are complemented with mango, damiana flower, hibiscus, chestnuts, lemon, cashew, acerola and even coffee.
About 91% of the producers of these beers are in the south and southeast of the country – the most populated and developed regions of Brazil – according to data from the Institute of Beer.
The president of the Brazilian Association of Artisanal Beer (Abracerva), Carlo Giovanni Lapolli, highlighted the cultural aspect and influence of European immigrants in those regions as strengths for small-scale manufacturing.
On the other hand, Lapolli highlighted the growth of artisanal production in
...More info on site
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Ethiopia: Local malting barley and malt production still not enough to meet brewing sector’s needs
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Geletu Tafa, father of six children, is one of the over 20,000 smallholder contract farmers producing improved malting barley variety for Heineken Ethiopia. He
...More info on site
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Spain & UK: Spanish San Miguel beer enjoying particular popularity in the UK
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The UK has something of a love affair with Spanish beer. Whether it serve as a reminder of holidays in the Med or simply something different to the standard lager offerings, a premium treat, the likes of San Miguel are booming in this market, Business Review Europe reported on August 5.
Brewed by family-owned Mahou San Miguel, last year alone saw UK sales volumes of its four key brands jump by nine percent, passing the one million hectolitre mark for the first time. While Mahou and Alhambra are perhaps less well known versus its illustrious counterpart, they contribute to an ever-popular export portfolio being sold across the world. Solán de Cabras, the company’s luxury water brand, has also performed strongly. In all, two million hectolitres were exported in 2016, accounting for 15 percent of Mahou San Miguel’s €1.22 billion turnover.
Charged with the enviable task of selling San Miguel abroad is International Managing Director Erik d’Auchamp.
A Danish brewing industry veteran of more than 16 years, d’Auchamp started out at Carlsberg before coming into contact with Mahou San Miguel in the early 2000s when the two began doing business together. Five or so years later, in 2006, and he moved to Spain from
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