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E-Malt.com Newsletter 20a
May 14 - May 16, 2018

Quote of the Week

When I pray, coincidences happen, and when I don't, they don't.
William Temple

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Currency Rates

Base Currency: US Dollar
on May 16, 2018
Base Currency: Canadian Dollar
on May 16, 2018
      1 USD = 0.8413 EUR
1 USD = 0.7392 GBP
1 USD = 1.2840 CAD
1 USD = 1.3340 AUD
1 USD = 110.0700 JPY
1 USD = 3.6406 BRL
1 USD = 61.9164 RUB
1 USD = 6.3611 CNY
      1 CAD = 0.7787 USD
1 CAD = 0.5756 GBP
1 CAD = 0.6551 EUR
1 CAD = 1.0388 AUD
1 CAD = 85.7000 JPY
1 CAD = 2.8348 BRL
1 CAD = 48.3612 RUB
1 CAD = 4.9532 CNY

Currency Rates Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

North America News
Brewery news USA, IN: Mind Over Mash Brewing Company already open in Brownsburg ...Click here
Brewery news USA, OR: Von Ebert Brewing to open second location in Portland ...Click here
Brewery news USA, CT: Charter Oak Brewing Co. to finally get a home of its own ...Click here
Brewery news USA, CA: AB InBev’s Golden Road Brewery open in Midtown, Sacramento ...Click here
Brewery news USA, CA: True Symmetry Brewing Company is Suisun City’s newest brewery ...Click here
Brewery news USA, NY: 1787 Brewing Co. planning soft opening on May 17 ...Click here
Brewery news USA, NY: Heritage Hill Brewhouse and Kitchen starts constructions, plans to open by August ...Click here
Brewery news USA, IL: Ballast Point Brewing to open its Chicago brewpub on May 15 ...Click here
Brewery news USA, OR: Hubbleton Brewing Company prospering in Portland ...Click here
Brewery news USA, TX: Twin Sisters’ Cantina brewery to fully open later this summer ...Click here
Brewery news USA, IL: 93 Octane Brewing expected to open by year’s end ...Click here
Brewery news USA, OR: Mt. Angel Brewing Company to close this month ...Click here
Brewery news USA, CA: Hoppy Brewing Company readying two new locations in Sacramento ...Click here
World News
Brewery news Germany: Germans spent EUR7.4 bln on beer and beer-based drinks last year ...Click here
Brewery news Ukraine: January-April beer production down, malt output up in Ukraine ...Click here
Brewery news India: AB InBev sees opportunities in India ...Click here
Brewery news South Korea: Local beer losing out to imported rivals ...Click here
Barley news Germany: Spring barley crop expected to jump 30.4% this year ...Click here
Barley news Australia: GrainCorp warns about challenging weather conditions in Australia’s east ...Click here
Brewery news China: Corona becomes China’s No 1 imported beer brand ...Click here
Brewery news Indonesia & South Korea: Indonesia’s PT Multi Bintang starts exports of its flagship beer to South Korea ...Click here
Brewery news South Africa: Budweiser beer is now brewed in South Africa ...Click here
Brewery news India: Regulator Sebi closes proceedings against 3 companies of Vijay Mallya’s ...Click here
Graph of the Week

Table of the Week

Czech Hops Area, Production, and Yields 2012-2017

Table of the week.

Prices Evolution

Prices evolution

Barley Prices

Theoretical Malt Prices

Scientific Digest


Wild hops can be found almost everywhere - including Italy. Maybe some wild hops found in Umbria, Italy can help in future breeding to create new hop varieties. For this reason a group of Italian researchers have an inventory of the germplasm for a number of different wild hops.


Riccioni, C et al: IDENTIFICATION AND CHARACTERIZATION OF WILD HOP GERMPLASM IN UMBRIA REGION, P.3.6 at13th Trends in Brewing, April 2018, Ghent
Read more

Source: Barth Innovations

These Days in Business History

14 May
1872 - Metropolitan Gas Company lamps lit for 1st time
1881 - World's 1st elec tram goes into service in Lichterfelder (near Berlin)
1955 - Cold War: Eight Communist bloc countries, including the Soviet Union, sign a mutual defense treaty called the Warsaw Pact

15 May
1878 - The Tokyo Stock Exchange Co., Ltd., is established, primarily to trade bonds
1905 - Las Vegas, Nevada founded
1940 - McDonald's opens its first restaurant in San Bernardino, California
1941 - The world's first successful jet aircraft, a Gloster E28/39 powered by a W1 engine designed by Frank Whittle, takes off and lands at Farnborough, England

16 May
1911 - Supreme Court dissolves Standard Oil with the Sherman Antitrust Act
1930 - Two Texas engineers found a company called Geophysical Service Inc. to use seismographic technology to improve the business of exploring for oil
1949 - The Tokyo Stock Exchange, originally founded in 1878, reopens for business after the devastation of World War II
1951 - The first regularly scheduled transatlantic flights begin between Idlewild Airport (now John F Kennedy International Airport) in New York City and Heathrow Airport in London, operated by El Al Israel Airlines


May 2018:
16-18: Craft Beer China 2018 (Shanghai, China)
22-24: Beer 2018 (Sochi, Russia)
23-27: Latvia Beer Fest 2016 (Riga, Latvia)
31-02 June: Copenhagen Beer Festival 2018 (Copenhagen, Denmark)

June 2018:
06-09: Mondial de la Biere 2018 (Montreal, Canada)
07-08: The Brewers of Europe Forum 2018 (Brussels, Belgium)

10-13: ASBC Malt Flavor and Aroma Symposium 2018 (Roseville, MN, USA)
20-22: Sea Brew 2018 (Manila, Philippines)
29-01 July: Mondial de la Biere 2018 (Paris, France)

August 2018:
03-05: The 22nd International Berlin Beer Festival (Berlin, Germany)
07-11: The Great British Beer Festival 2018 (London, UK)
08-11: Vietfood & Beverage 2018 (Ho Chi Minh City, Vietnam)
10-11: Beervana 2018 (Wellington, New Zealand)
12-15: Brewing Summit 2018 (San Diego, USA)

September 2018:
04-06: food & drink technology Africa (fdt Africa) (Johannesburg, South Africa)
12-14: 6th International Symposium for Young Scientists and Technologists in Malting, Brewing and Distilling (Bittburg/Trier, Germany)
20-22: The Great American Beer Festival 2018 (Denver, USA)
22-07 October: Oktoberfest 2018 (Munich, Germany)
24-26: 9th Iberoamerican VLB Symposium 2018 (Recife, Brazil)

October 2018:
23-26: China Brew China Beverage 2018 (Shanghai, China)
24-26: drink technology India 2018 (Mumbai, India)

November 2018:
13-15: Brau Beviale 2018 (Nuremberg, Germany)

More events are available on site e-malt.com

News Articles

Brewery news USA, IN: Mind Over Mash Brewing Company already open in Brownsburg
Brownsburg is no longer a dry town when it comes brewing craft beers, WRTV Indianapolis reported on May 11.

Mind Over Mash Brewing Company officially opened Saturday May 5, the first taproom to actually brew its beer within Brownbsurg’s city limits.

“Indiana is a great place to open breweries, central Indiana has shown a lot of acceptance of craft beer,” said Michael Huffman, co-owner of Mind Over Mash Brewing Company. “When looking for a location, we noticed Hendricks County is a little deficient in that area of craft beer and we saw a lot of growth potential in Brownsburg.”

The brains behind the brewery, two engineers, Michael Huffman, a software engineer, and Bobby Klene, an electrical engineer. The two became friends several years ago through similar interests: a taste for Indy’s “foodie” scene and the love of craft beer.

“It’s always been Bobby’s dream to open a brewery, and a long desire of mine has been to open a restaurant,” says Huffman. “Our plan is to open a taproom restaurant within the next year.”

For now, the brewery is pairing with local food trucks to have food available for guests of the new beer taproom location.

As to what to expect ...More info on site

Brewery news USA, OR: Von Ebert Brewing to open second location in Portland
Von Ebert Brewing, the sort-of new brewery from the guy behind Portland’s Fat Head’s, is already going to open a second location on the east side, the Eater Portland reported on May 11.

After closing the Ohio-based brewery’s local outpost, the Pearl District brewpub transformed into a new, independent brewery this March with The Commons star brewer Sean Burke at the helm. Now, owner Tom S. Cook is moving onto the Glendoveer Golf Course, “on the 10th hole,” the press release reads — locals may remember it as the former location of the Ringside Grill. The opening is not quite set in stone yet, but it should open early this summer with separate brewing operations beginning in September.

The new brewery, located at 14021 NE Glisan Street, appears to be a tad more experimental than the Pearl — the east location will have a mixed-culture and sour setup for German lagers, saisons, and Belgian-style beers. The whole shebang will seat 250 in a dining room, at a full-service bar, and on two patios in the lodge-style brewpub.

Brewery news USA, CT: Charter Oak Brewing Co. to finally get a home of its own
Scott Vallely started Charter Oak Brewing Co. in 2011 and has built a successful brand whose IPAs, ales and other beer varieties can be found in about 400 establishments throughout Connecticut.

Despite its success, Charter Oak has never had a home to call its own — until now, the Danbury News Times reported.

Brewing operations are up and running at its new Danbury building with a five-barrel system and a 20-barrel system both producing the fresh, hand-crafted beers for which the brand has become known.

The taproom has received local and federal approvals and will open in about two weeks, pending state approvals. Vallely said he hopes to be open by Memorial Day.

“In the past, we were a gypsy brewery; brewing wherever they had the time, space and patience,” Vallely said. “We had to bring all of our equipment and rent the barrels, but we’ve always done our own brewing.”

On May 9, the canning line was installed and by May 10 a batch of 1687 Brown Ale with new labeling was being packaged. On May 11, cans of Wadsworth’s India Pale Ale rolled off the line.

Vallely beamed when asked if having his own location makes the brewing and packaging process easier.

“Oh my god. ...More info on site

Brewery news USA, CA: AB InBev’s Golden Road Brewery open in Midtown, Sacramento
It's hard to miss the new Golden Road Brewery in Midtown, Sacramento.

The large brewery, which started in Los Angeles and was bought by Anheuser-Busch in 2015, is entirely outdoors on 19th and L Streets and is made out of five, re-purposed shipping containers painted turquoise, ABC10.com reported on May 10.

While it was visibly packed during the opening night on May 9, a controversy over its arrival is already, well, brewing among local brewers.

Claimstake Brewing in Rancho Cordova posted a statement on their Facebook page suggesting Golden Road Brewery makes "faux 'craft' beer" that has "infiltrated the neighborhood."

"Anheuser-Busch InBev, owners of Budweiser and other 'Big Beer' brands, is the antithesis of local slow, craft and independent," the statement said.

Tom McCormick with the California Craft Brewers Association accused Golden Road of not being transparent about their parent company, saying "Golden Road Brewing is Anheuser-Busch InBev."

J-E Paino, who owns Ruhstaller Brewery in Dixon and is currently opening up a tasting room downtown, said he had a chance to rent the same, prime space Golden Road did but the rent was just too high.

"Here's a brewery from LA trying to come in to the center of the soul of Sacramento," Paino told ABC10, "And ...More info on site

Brewery news USA, CA: True Symmetry Brewing Company is Suisun City’s newest brewery
Brewmaster Jason Ledford describes Suisun City’s newest brewery as “a cool space where you can come in and enjoy yourself”, the Fairfield Daily Republic reported on May 11

The Bay Area Rapid Transit police sergeant and Suisun City native proudly points out that True Symmetry Brewing Company is a dream come true to both do what he loves and share his brewing with his neighbors.

“This is my hometown,” Ledford said.

He grew up within sight of True Symmetry’s location in the southeast corner of the Marina Shopping Center.

The brewery itself has been a year in construction with work setting up vats, building the taproom and preparing all the beers for a late March family-and-friends soft opening.

Suisun City’s second brewery opened to the general public in April. Ledford is partnering with his wife, Chasity Ledford, and friend and firefighter Jessie Reinosa.

Ledford’s family, such as dad Geary Ledford and brother Scott Ledford, also pitched in with work that included building the signature bar.

Ledford calls location a great fit and said the city’s water supply is good “and that’s a big plus.”

“The city has been fantastic,” Ledford said of the help he has been given in starting his business.

Ledford has been home-brewing since 1999, when ...More info on site

Brewery news USA, NY: 1787 Brewing Co. planning soft opening on May 17
Berks County's newest brewery soon will be open, The Reading Eagle reported on May 10.

1787 Brewing Co., which is located in the former Miller's 5 & 10 store at 43 S. Fourth St., Hamburg, will open for business next week. Co-owners Steve Macbeth and Jim Gerner plan to have a soft opening May 17.

The brewpub's name comes from the year Hamburg was founded, said Macbeth, a real-estate investor who owns several properties in Hamburg.

Macbeth said he's both excited and nervous to open the doors.

"I'm nervous about delivering on what everybody's expectations are," he said. "I don't want to let anybody down. We're trying to do it right and first class."

1787 will have seating for about 100 people, including about 25 at an L-shaped bar just inside the front door. There is also a small bar in the back that will be used for overflow seating as well as for private events. There are pocket doors that can be closed to separate the front and back so the back can be used for special events and private functions.

Perhaps the most interesting feature is a large hole in the floor that looks down on the brewing system, which is located in the ...More info on site

Brewery news USA, NY: Heritage Hill Brewhouse and Kitchen starts constructions, plans to open by August
Central New York’s newest brewery and eatery started construction last week, with plans to open by August, the Eagle News Online reports.

Heritage Hill Brewhouse and Kitchen, owned by Dan Palladino and located at Palladino Farm in Pompey, will brew its beers and serve food from ingredients grown onsite or sourced almost entirely from family-owned neighboring farms.

With brewmaster Jim Frazee, a Pompey native, making the beer and chef Alicyn Hart, former owner and operator of Circa in Cazenovia, in the kitchen, Palladino plans to continue the local, community focused agricultural business with Heritage Hills that has sustained his family farm and farm store for years.

“We’re really excited to be a true farm restaurant,” Palladino said during the groundbreaking ceremony on Friday, May 4.

Palladino was joined at the event by numerous state and local officials, including Deputy Commissioner of New York State Department of Agriculture and Markets Jackie Moody-Czub, Onondaga County Supervisor Joanne Mahoney, Onondaga County Legislator Dave Knapp, State Assemblyman Al Stirpe and Pompey Town Supervisor Carol Marsh.

“First and foremost, this is going to be an authentic place … this is going to be in the middle of our farm, where we have been producing barley and grains for years, and ...More info on site

Brewery news USA, IL: Ballast Point Brewing to open its Chicago brewpub on May 15
Ballast Point Brewing Company®, a pioneer in the craft beer movement in San Diego with a 20-plus-year history of supporting the art of homebrewing and developing high-quality, innovative, award-winning beer, opens brewpub in Chicago’s Fulton Market District. The highly anticipated brewpub is set to officially open Tuesday, May 15, Brewbound reported.

Founded in 1996 by a small group of homebrewers, Ballast Point is one of the nation’s leading craft breweries known for its award-winning hop forward flagship Sculpin IPA and a simple mission: make better beer. The Chicago brewpub will serve as Ballast Point’s Midwest research and development brewery, serving specialty and local beers to guests. This marks the first Midwest location for the brand, with locations in Southern California and one in Daleville, Va. Invested in the long-term growth of the brand, there are also plans underway to open an additional location in Orange County’s Downtown Disney® District at the Disneyland® Resort later this year.

“We are humbled and excited to bring our Ballast Point Tasting Room & Kitchen to Chicago,” said Marty Birkel, President of Ballast Point. “With its impressive craft and culinary scenes, it seemed natural to build a brewpub in Chicago’s Fulton Market District and we look forward ...More info on site

Brewery news USA, OR: Hubbleton Brewing Company prospering in Portland
A hobby that started in a basement, then to a front yard, has now turned into a full-time business for Dan Schey, owner of Hubbleton Brewing Company, hngnews.com reported on May 10.

Schey began brewing beer in the basement of his home in Waterloo in 1990.

In 1999, he purchased 40 acres of land along Hubbleton Road in the Town of Portland and built a house. With the extra land in front of his home, he began to think about what he could grow. In 2009, he planted his first hops crop in three acres of a former cow pasture. It is known as Arrowhead Hops where eight different varieties of hops are grown.

One acre can produce between 500 and 1,500 pounds of hops. They are dried, crushed into pellets and frozen in nitrogen-sealed bags for future use.

When the hops business took off, Schey helped form the Wisconsin Hops Exchange, a farming cooperative. It started with 11 hops growers and has now increased to 65 farmers. What hops Schey does not use for his own beer, the hops exchange distributes to micro brewers across the state and the Midwest. He serves as treasurer for the exchange and is on the board of ...More info on site

Brewery news USA, TX: Twin Sisters’ Cantina brewery to fully open later this summer
San Antonio, get ready to quaff a graf.

That’s the beverage you’ll find on tap when Twin Sisters’ Cantina fully opens later this summer. The term refers to a malt beverage with an identity crisis. It’s apple-based like a cider, but contains enough malted barley and wheat to feel like a proper pint with some sweetness and a frothy head, mySanAntonio.com reported on May 10.

And most importantly, it complies with Texas Alcoholic Beverage Commission regulations for brewing beer, an easier hurdle to clear than the rules for traditional cider allow.

David Martinez and Israel Castro have partnered in the new venture. The former is an Army veteran with an extensive metal fabrication background. The latter served in the Navy, and has spent 11 years in the brewing industry.

The two have built their pub and two-barrel brewing system from hand out of reclaimed materials.

Expect to find some playful refreshments on tap. The Miley Cyder “gets people twerking,” Martinez promised. The S.A. Tea swaps hops for tea leaves to create a porch-friendly sipper dialed in to the Southern palate. Castro said he’s experimenting with a wide range of Texas products, including bluebonnets, which he suggested could be used to make a blue-tinted brew.

The business ...More info on site

Brewery news USA, IL: 93 Octane Brewing expected to open by year’s end
A new nanobrewery specializing in craft beer soon will join a restaurant and liquor store operating under the same roof - and the same liquor license - in St. Charles, the Chicago Daily Herald reported on May 11.

93 Octane Brewing is expected to open by year's end in a vacant space at 1825 Lincoln Hwy., which also is occupied by The Pride Beer and Wine plus Spirits and Urban Counter, a fast-casual American restaurant. Suburban company The Pride Stores Inc., oversees all three operations, in addition to an adjacent gas station and convenience store.

93 Octane is a new concept for The Pride Stores, which initially intended to open an Italian deli in the building's third tenant space, marketing manager Chris Peckat said. When those plans fell through, he started exploring a new business model that would allow the company to create its own brand of beer and distribute the product to other Pride locations.

"I think it fits together really well," said Peckat, who has years of prior experience in the alcohol industry. "This really is just a great addition to the whole building."

City officials have been working with Pride representatives for months about the logistics of opening the nanobrewery and ...More info on site

Brewery news USA, OR: Mt. Angel Brewing Company to close this month
There are a few bags of ingredients and empty bottles left in the Mt. Angel Brewing Company's production facility, but most of the remaining product is in the barrels.

Once owner Larry Oien, 72, fills his remaining orders this month, he will close the business he has owned since 2005 to focus on his recovery from cancer and spend more time with his grandchildren, the Statesman Journal reported on May 12.

“It was a very emotional decision to wind this down,” Oien said.

He said he will attempt to sell the brewing business.

Oien has been winding it down – he stopped bottling a year ago and has only been selling kegs – since being diagnosed with prostate cancer, but wanted to continue the operation even as his life grew more complicated.

He said he could continue the business indefinitely while he courted a potential buyer, but he felt it was best to make a quick exit from the business.

“It doesn’t feel sudden to me, but you’ve got to do it that way to get it done,” Oien said. “Move on. The longer you stretch it out, the more doubt you may have. Nope, you’re done, finished.”

In 2005, he was working as a manager ...More info on site

Brewery news USA, CA: Hoppy Brewing Company readying two new locations in Sacramento
There will be a whole lot of Hoppy happening this summer as the team from Hoppy Brewing Company readies not one, but two new locations, the Sactown Magazine reported on May 15.

Hoppy’s Railyard Kitchen & Hopgarden, a new community brewpub, will open in Old Sacramento, while a brewery and tasting room will open just off Broadway.

The restaurant will take over the spaces that formerly housed Ten22 and District restaurants on 2nd Street, both of which closed on March 2.

The original Hoppy Brewing Company vacated its longtime home on Folsom Blvd in February, and will occupy the new 9,000-square-foot location that is owned by the Harvego Restaurant Group (which also owns the Firehouse Restaurant in Old Sacramento). The back patio will be converted into a “hopgarden,” and the space formerly occupied by District will be used for take out orders.

“With the new DoCo completion nearby, I see a lot of potential in Old Sacramento,” says founder Troy Paski. “I just think that there’s a lot going on and a lot of opportunities for us there.”

Paski tapped Kent Souza, former executive chef of Kupros Craft House and Roxy Restaurant & Bar, to lead Hoppy’s new kitchen.

His fresh, farm-to-fork-focused menu will combine ...More info on site

Brewery newsGermany: Germans spent EUR7.4 bln on beer and beer-based drinks last year
Germans spend billions more each year on beer and spirits from supermarkets than they do on wine or champagne, according to a new study ...More info on site

Brewery newsUkraine: January-April beer production down, malt output up in Ukraine
Ukraine’s January-April beer production dropped by 1.6% versus the same period in 2017, totalling 4.94 mln hl, Pivnoe Delo reported citing data by trade ...More info on site

Brewery newsIndia: AB InBev sees opportunities in India
At the Boozy Griffin bar in Marathahalli, India, Shrikant Raj enjoys one of his favorite beers: Budweiser.

Raj, 28, who works at an analytics firm, ...More info on site

Brewery newsSouth Korea: Local beer losing out to imported rivals
Local beer is steadily being side-lined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea's production base, ...More info on site

Barley newsGermany: Spring barley crop expected to jump 30.4% this year
The association of German farm cooperatives on May 16 forecast that Germany’s 2018 wheat crop would fall 2.0 percent from 2017 to 23.98 million ...More info on site

Barley news Australia: GrainCorp warns about challenging weather conditions in Australia’s east
Crop handler GrainCorp Ltd. has warned about challenging conditions in Australia’s east as grain farmers across the nation wait for rain, with most winter crops planted in dry soil, Bloomberg reported on May 11.

“We are still quite a way from having any predictable levels of what the crop size would be,” for the upcoming season, GrainCorp’s Chief Executive Officer Mark Palmquist said on a call with media and analysts on May 11. “It really does depend on what moisture profile we get over the next month.”

Parts of Victoria and New South Wales had the driest April on record while southern Australia as a whole had its third-lowest amount of rainfall for the month, according to the Bureau of Meteorology. Southwest Australia and parts of western Victoria have an increased chance of a drier than average May to July, it said.

“It may be a dry start to the season, however it is still early days,” Rabobank International said in a report released on Friday. “Substantial season opening rains in mid-through to late May would put the season mostly back on track.”

The dry conditions in Western Australia have forced growers to substitute barley for canola, the Grain Industry Association of Western Australia ...More info on site

Brewery news China: Corona becomes China’s No 1 imported beer brand
Mexican beer brand Corona, which is owned by Grupo Modelo, is taking on the international market since its beer brand has become the number one import in China, the Mexico News Today reported on May 15.

Carlos Brito, CEO of AB InBev, parent company of Grupo Modelo says, “The brand continues to grow rapidly in the super premium segment in China where it recently became the number one imported beer brand.”

The brand had a 25.1 percent growth in revenues within Mexico, while outside the country it has seen a 40.3 percent increase.

“The opportunity we see with Corona is that it has a market share of 3 percent or more in only three countries where we have the brand. Chile, Australia and Mexico.

“With the brand that continues to grow at double digits throughout the world, we are still far from reaching its maximum potential,” added Brito.

During the first quarter of 2018, beer volumes increased by 0.5 percent mainly due to the performance in Mexico, Colombia and Argentina, which was counteracted by the US and Brazilian markets.

Revenues increased around 4.7 percent in that quarter, mainly due to the premium category, according to the company’s financial report.

Grupo Modelo in Zacatecas supplies Mexico and the ...More info on site

Brewery news Indonesia & South Korea: Indonesia’s PT Multi Bintang starts exports of its flagship beer to South Korea
Indonesian alcoholic beverage producer PT Multi Bintang Indonesia has officially exported its most renowned beer Bintang to South Korea, Tempo.co reported on May 15.

Multi Bintang Indonesia President Director Michael Chin revealed that the company has prioritized the South Korean market this year in hope of having its brand accepted by the Korean society despite not specifically mentioning the company's export target and volume.

“We believe that the demand can grow in South Korea, however, we cannot reveal the export value since it is a sensitive subject,” said Michael at the company’s factory in Tangerang, Banten, on May 14.

Furthermore, Multi Bintang Indonesia has started to export its product after it was able to meet the quality standards requested by the South Korean importer. This deal was made possible thanks to the partnership between Multi Bintang and South Korean Heineken.

However, the export volume is still in its early stage which represents 5 percent of the company’s total production that adds up to 2 million hectolitres or 200 million litres.

Other than South Korea, Bintang was also exported to several other countries in 2017 such as Japan, Singapore, Timor Leste, Australia, the Netherlands, and England.

Brewery news South Africa: Budweiser beer is now brewed in South Africa
Budweiser, one of the world’s most iconic beers, is now being brewed in South Africa at SAB’s Rosslyn Brewery, outside of Pretoria, the Media Update reported on May 14.

"We are tremendously excited that South Africans are now able to enjoy this beer. A true global icon, and one of the most valuable beer brands in the world, Budweiser is distributed in 73 countries, including South Africa," says Alastair Hewitt, brand director for Budweiser at SAB and AB InBev Africa.

Hewitt adds, "Budweiser is a brand that's full of energy, and it thrives in the world’s great cities. It is a brand that stands out in the crowd and embodies the ambition and contagious energy of cosmopolitan locations and people across the planet."

"Whether it be the energy ignited at a music festival or through the excitement of sporting events, Budweiser champions our dream to bring people together for a better world," says Hewitt.

According to SAB and AB InBev, the arrival of Budweiser in South Africa could not come at a better time, as the brand takes up its 32nd year as the official beer of the 2018 FIFA World Cup.

"As a company, our dream is to bring people together for a better ...More info on site

Brewery news India: Regulator Sebi closes proceedings against 3 companies of Vijay Mallya’s
Indian regulator Sebi has closed its adjudication proceedings against three group firms of defaulter businessman Vijay Mallya for alleged disclosure lapses in a 17-year-old case citing liquidation of a holding company, but did not rule out any penal action at a later date, Livemint reported on May 16.

Sebi said it had observed certain non-compliances by three UB group companies while examining the letter of offer made by Zuari Fertilizers and Chemicals Ltd, along with other entities including United Breweries (Holdings) Ltd, Kingfisher Finvest India Ltd and McDowell Holdings Ltd to acquire shares of Mangalore Chemicals and Fertilizers Ltd (MCFL).

MCFL had seen a fierce takeover battle in 2015 between Pune-based Deepak Fertilisers and Kolkata-based Zuari group which had support of Mallya-led promoters. However, the present case relates to a transaction in January 2001 when promoter—United Breweries (Holding) Ltd—had acquired 2 crore shares representing 16.88% of MCFL pursuant to the allotment made under the Board of Industrial and Financial Reconstruction Rehabilitation Scheme.

The acquisition was exempted from open offer obligations, but no disclosure was made by the UB group firms, all of whom were promoters and UB Group firms at that time, as required under Sebi’s takeover regulations.

Sebi had initiated adjudication proceedings in ...More info on site

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