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E-Malt.com Newsletter 36b
September 06 - September 09, 2018
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on September 07, 2018 |
Base Currency: Canadian Dollar
on September 07, 2018 |
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1 USD = 0.8636 EUR
1 USD = 0.7735 GBP
1 USD = 1.3176 CAD
1 USD = 1.3902 AUD
1 USD = 111.0900 JPY
1 USD = 4.1307 BRL
1 USD = 68.2505 RUB
1 USD = 6.8306 CNY
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1 CAD = 0.7588 USD
1 CAD = 0.5869 GBP
1 CAD = 0.6524 EUR
1 CAD = 1.0549 AUD
1 CAD = 84.3000 JPY
1 CAD = 3.1345 BRL
1 CAD = 52.0692 RUB
1 CAD = 5.1833 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, MD: Streetcar 82 Brewing Co. already open in Hyattsville
...Click here
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USA, OH: Southern Tier Brewing Co. launches Cleveland brewpub
...Click here
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USA, OH: Unhitched Brewing Co. set to come to downtown Louisville soon
...Click here
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USA, VA: New Realm Brewing Co. already open in Virginia Beach
...Click here
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USA, SD: Severance Brewing Co. heading to downtown Sioux Falls
...Click here
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USA, SC: Tidal Creek Brewhouse could be the next big thing in Myrtle Beach
...Click here
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USA, OH: Willoughby Brewing Co. opening production brewery in Cleveland
...Click here
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USA, WI: Milwaukee Brewing Company ready to tap its brand new brewery
...Click here
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USA: MillerCoors to eliminate about 350 salaried positions across the company
...Click here
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World: Carlsberg now has money to spend on new acquisitions
...Click here
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World: Cargill exploring options to divest malt unit
...Click here
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Slovakia: Plzeňský Prazdroj to expand beer production in eastern Slovakia
...Click here
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India: Sebi exempts Diageo from making fresh open offer to USL's shareholders
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World: Carlsberg beer cans to be stuck together to reduce plastic usage
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Graph of the Week
Table of the Week
EU Hops and Alpha Acid Production 2016-2017
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
06 September
1620 - The Pilgrims sail from Plymouth, England, on the Mayflower to settle in North America
1819 - Thomas Blanchard patents lathe
1853 - Women's Right's Convention met (New York City)
07 September
1822 - Brazil declares independence from Portugal (National Day)
1912 - David Packard, co-founder of Hewlett-Packard Co., is born in Pueblo, Colo
1923 - Interpol forms in Vienna
08 September
1923 - Alexandra Kollontai of Russia becomes 1st woman ambassador
1990 - Real-estate developer Minoru Isutani buys the Pebble Beach golf resort for $841 million. By March, 1992, Isutani sold Pebble Beach for $500 million-a $341 million loss in less than a year-and-a-half, "probably the most disastrous real-estate deal known to man"
09 September
1776 - Continental Congress renames "United Colonies" as "United States"
1839 - John Herschel takes the first glass plate photograph
1940 - George Stibitz pioneers the first remote operation of a computer
1947 - First case of a computer bug being found: A moth lodges in a relay of a Harvard Mark II computer at Harvard University
Agenda
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
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USA, MD: Streetcar 82 Brewing Co. already open in Hyattsville
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With all permits in hand and inspections completed, the long-awaited opening of Hyattsville’s newest brewery is here. Streetcar 82 Brewing Co. is the second brewery to call Hyattsville home. The owners say it’s been a long — and at times frustrating — process to open, but all the equipment is in place and beer is flowing, the Hyatsville Life & Times reported on September 4.
Owners Jon Cetrano, Mark Burke, and Sam Costner say they are excited to finally be open. “There were a lot of delays with inspections and utilities,” said Burke, the head brewer of Streetcar 82.
Like so many breweries, Streetcar 82 got its start through ambitious homebrewing. Burke said he was inspired by French and Belgian-style farmhouse ales like saisons. He wanted to bring a combination of Belgian-inspired beers and more approachable styles to Hyattsville. “My favorite beer is saison,” Burke said, “but it is not for everyone. People like IPAs or pale ales.”
With the delays behind them, Streetcar 82 is ramping up production. “The brewhouse is 3 barrels and we are starting with single batches of beer,” Burke explained.
Selection changes rapidly with a smaller brewhouse, but the owners hope to always have a variety of
...More info on site
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USA, OH: Southern Tier Brewing Co. launches Cleveland brewpub
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Southern Tier Brewing Co. opened its new Cleveland brewpub on September 4, Ohio.com reported.
The two-level brewery — there’s the street level and a basement — features a seven-barrel brewing system and brewer Jason Comeaux is excited about working on sours and barrel-aging there.
“It’s an opportunity to try some new cool things we haven’t done so much in the main brewery,” he said. “… I get to be a little weird and adventurous. It’s open-ended now with lots of possibilities.”
The brewpub is at 811 Prospect Ave. near Progressive Field and Quicken Loans Arena and right around the corner from the restaurant-rich East Fourth Street.
The brewing system hasn’t been fired up just yet — that’s a few weeks away, Comeaux said.
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USA, OH: Unhitched Brewing Co. set to come to downtown Louisville soon
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Louisville City officials are hoping a new brewery will help bring more people downtown, the Canton Repository reported on September 5.
Unhitched Brewing Co. is the name of the craft brewery set to occupy a now vacant commercial building in the 100 block of S. Mill Street.
“We will set up a brew pub,” said Adam Longacre, one of three principals of 3 Hops, the limited liability company that will operate the brewery.
“It is basically just a brewery that serves food. Not your typical kind of pub food. It is a limited menu, heavy appetizers. We are going to make our own beer. We will more than likely have wine available. We will bring in all the material and brew the beer on-site.”
Work is expected to begin soon to renovate the former bowling alley.
“We are going to completely gut the whole place and start it from scratch,” Longacre said. “We are going to do a complete renovation. The bowling lanes will be gone.”
City Council threw its support behind the endeavor by approving a 10-year tax-abatement package that will forgive any real estate tax on the improvements to the building.
“As the property increases in value, they will not be taxed for the increased
...More info on site
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USA, VA: New Realm Brewing Co. already open in Virginia Beach
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New Realm Brewing Co. opened in August at 1209 Craft Lane in Virginia Beach. The site was previously the short-lived East Coast location for the California-based Green Flash Brewing Company, the Virginia Business Magazine reported on September 6.
Bob Powers, a New Realm co-founder, says expanding to Virginia Beach from Atlanta was enticing.
“This was an opportunity that we couldn’t pass up,” Powers says.
New Realm had the winning private bid for Green Flash’s equipment and has leased the 58,000-square-foot location, Powers says. He would not say how much the winning bid was but said New Realm plans to invest millions in the Virginia Beach brewery. Powers said Virginia Beach and New Realm didn’t enter into any incentive agreements.
The Virginia Beach Department of Economic Development worked on marketing efforts with the owner of the brewery location, The Miller Group, to attract New Realm to Virginia Beach, said Michelle Chapleau in an email. Chapleau is a business development coordinator with the Virginia Beach Department of Economic Development.
"New Realm is going to add significant capital investment to the facility," Chapleau said. "Virginia Beach anticipates increased revenues from real estate taxes and sales taxes."
New Realm’s Virginia Beach location can make up to 40,000
...More info on site
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USA, SD: Severance Brewing Co. heading to downtown Sioux Falls
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A new brewery is heading to downtown Sioux Falls with plans to open next summer in a mixed-use development near the Big Sioux River and Falls Park, the Sioux Falls Argus Leader reported on September 6.
Severance Brewing Co. is the first commercial tenant announced for The Cascade, the massive apartment complex being built by Lloyd Companies on North Phillips Avenue between downtown and the falls.
The city’s newest beer-maker is the brainchild of four friends from the Sioux Falls area, who hope to sell their concoctions in a fast-changing part of the city.
“We came upon The Cascade and the timing was just kind of perfect,” said Mark Stavenger, co-founder and taproom manager. “The more they told us about it, the more we liked the location.”
Stavenger is one of the partners behind the brewery, joined by his wife, Jennifer, her childhood friend Melissa Heckel and her husband and the business’ head brewer, Scott.
Scott Heckel is also Severance’s CEO. He started pitching around ideas for a brewery last summer, years after his first attempt to open a beer business in downtown Sioux Falls got caught in red tape at City Hall. Heckel toyed with opening a brewery in 2011 in the space now
...More info on site
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USA, SC: Tidal Creek Brewhouse could be the next big thing in Myrtle Beach
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A state-of-the-art production brewery could be the next big thing to hit the City of Myrtle Beach, but first, city leaders have to make some changes in order for it to happen in the area off Knoles Street, wpde.com reported on September 5.
The name of the brewing company would be called Tidal Creek Brewhouse, which would be located adjacent to the Market Common in a vacant warehouse at 3421 Knoles Street.
However, because the area is considered a light manufacturing zone, city officials have to make a few changes before that production brewery can move in.
“It's a real possibility that this one could do well here and it would be an economic benefit to the area if it’s done well. We also want to make sure it’s a good fit for the area," said City Planner Allison Hardin.
Myrtle Beach entrepreneur, Michael Grossman, has been in the beer brewing industry for over 23 years, and that's why he is doing whatever he needs to convert an old warehouse into his dream brewhouse.
"With the boom and the growth in this industry, particularly in the state of South Carolina, Myrtle Beach has not shown a presence. So to add in another brewery with the
...More info on site
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USA, OH: Willoughby Brewing Co. opening production brewery in Cleveland
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Willoughby Brewing Co. is expanding by opening a production brewery in Cleveland, the Akron Beacon Journal reported on September 4.
The Willoughby brewpub — which has long coveted widening its distribution — has purchased the equipment from the former Buckeye Brewing Co. and will occupy Buckeye’s former site in the Walford Industrial Park.
Willoughby, which opened in 1998, will continue to operate its brewpub along with the production site, which, at least initially, won’t have a tasting room on site.
“This acquisition allows us to expand and meet the growing demand for our beers, not only in draft format but also packaged for retail distribution,” award-winning brewmaster Rick Seibt said in a statement announcing the acquisition. “For years we’ve been trying to expand at our current location, but we just haven’t been able to secure the space to make it happen. The new facility will increase our capacity three-fold and offers additional space for even more capacity.”
Seibt also is a partner in the new venture and has left his full-time nonbrewing job.
“It’s nice to focus on brewing now,” he said in a followup interview.
The 15-barrel system will produce draft for the Cleveland market, with plans to add cans likely starting next year. Willoughby
...More info on site
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USA, WI: Milwaukee Brewing Company ready to tap its brand new brewery
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After much anticipation, the Milwaukee Brewing Company is ready to tap its brand new Downtown brewery, OnMilwaukee.com reported on September 6.
The grand opening for the new location – featuring a taproom, retail space, beer garden, event space and restaurant, all found in the new Downtown arena district at 1128 N. 9th St. – will take place on Saturday, Sept. 15, with events scattered throughout the day including tours, an official opening ceremony, timed tappings and a silent disco.
The festivities will begin at 11 a.m. with free O-Gii Mosas served up before the doors officially open to the new facility at noon. The grand opening ceremony itself will take place at 4:30 p.m., while free walk-up mini-tours of the new space and brewery will run every 15 minutes beginning at 1 p.m. and ending at 8 p.m.
Owner and founder Jim McCabe will even host the tours beginning at noon, 1 p.m. and 2 p.m. – with a special grand opening commemorative T-shirt for the first 90 individuals who score a spot on those special trips. Sign up for the McCabe-led tours will begin at 11 a.m., with spots offered on a first come first served basis.
Then, at 9 p.m., the bar
...More info on site
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USA: MillerCoors to eliminate about 350 salaried positions across the company
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MillerCoors plans to eliminate about 350 salaried positions across the company as it restructures while wrestling with slumping sales of some brands, especially Coors Light, the Milwaukee Journal Sentinel reported on September 4.
The job reductions include approximately 150 salaried positions that have been held open or eliminated earlier this year, the company said. The positions are expected to be gone by the end of October.
The company said it will offer a voluntary severance program as part of the restructuring.
“We are moving quickly and decisively to get our business back on track,” Gavin Hattersley, chief executive of MillerCoors, said on September 4 in an email to distributors. “To accomplish this, we know we need the financial flexibility to invest in our brands and solutions at the right level, quickly capitalize on new opportunities and maintain a robust marketplace presence. Our current fixed cost base limits our ability to do all this.”
MillerCoors has seven large breweries in the U.S., with the biggest campuses in Chicago, Golden, Colo., and Milwaukee.
The company has roughly 1,400 employees on the main campus in Milwaukee and about 8,000 nationwide.
MillerCoors spokesman Marty Maloney said he couldn't predict how many positions would be eliminated in Milwaukee.
“We’re offering a voluntary
...More info on site
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World: Carlsberg now has money to spend on new acquisitions
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The chief executive officer of Carlsberg A/S says he’s eager to do more acquisitions after the Danish beer maker missed out on the industry’s
...More info on site
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World: Cargill exploring options to divest malt unit
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Cargill Inc., one of the world’s biggest agricultural trading houses, is exploring options for its malt unit in a deal that could value the
...More info on site
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Slovakia: Plzeňský Prazdroj to expand beer production in eastern Slovakia
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The Czech brewery Plzeňský Prazdroj is investing €4.4 million into expanding beer production in eastern Slovakia to satisfy increasing demand. Apart from the enhancement
...More info on site
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Australia: GrainCorp lifts earnings forecast
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GrainCorp is stepping up shipments of grain from Western Australia to the east coast as supplies needed in the food manufacturing industry and to feed livestock run low in drought-hit states, The Australian Financial Review reported on September 6.
The shortage means GrainCorp is sourcing grain from CBH – the farmer-controlled co-operative it targeted as part of a failed corporatisation bid in 2016 – at an ever-increasing rate.
It is understood GrainCorp plans five shipments from WA in the next few weeks – two to Brisbane, two to Newcastle and one to Port Kembla – as east coast wheat supply dries up.
This is on top of recent shipments to Brisbane and Newcastle sourced from CBH's near-monopoly storage, handling and port system in WA where growers have produced crops of 18.2 million tonnes and 14.3 million tonnes in the past two years and are on target for a record harvest this year.
Industry experts are tipping 5 million to 8 million tonnes of grain that would be exported in normal circumstances could flow from WA to the east coast to support food manufacturing and livestock production into next year.
GrainCorp bucked the trend for ASX-listed agribusinesses exposed to the impact of drought on Thursday by
...More info on site
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India: Sebi exempts Diageo from making fresh open offer to USL's shareholders
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Markets regulator Sebi on September 6 exempted Diageo Group from making a fresh open offer to the shareholders of United Spirits Ltd (USL), the Economic Times reported.
It was alleged in the show cause notice issued in May last year that the status of USL had changed from being an entity jointly controlled by the UB Group and the Diageo to a solely controlled entity of Diageo Group in November, 2015.
The British spirits maker's group was allegedly required to make an open offer due to this.
The USD 75-million sweetheart deal between its erstwhile promoter Vijay Mallya and new owner Diageo was also taken into account while Sebi issued show cause notice.
In a 23-page order, Sebi Whole Time Member G Mahalingam said it is not appropriate "to direct an open offer against the noticees (Diageo Plc and Relay B V) as proposed in the SCN (show cause notice)".
Relay B V is an indirect wholly-owned subsidiary of Diageo Plc.
"In my view, in a case where one of the two promoters renounces his control over the target company (USL) such that the entire control of the company vests in the hand of the lone promoter who continues, it cannot be
...More info on site
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World: Carlsberg beer cans to be stuck together to reduce plastic usage
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Carlsberg beer cans are to be stuck together with glue as it becomes the first brewer to abandon plastic rings, The Telegraph reported on September 7.
The Danish firm said the move, which has been heralded as a world-first, to attach its multi-packs with adhesive will reduce the use of plastic to package products by 75 per cent.
After a three-year development process, Carlsberg insists the dots of glue bonding its new "Snap Packs" are strong enough to withstand journeys from shelves to homes, yet sufficiently brittle to break when twisted.
The eco-friendly packaging innovation will be debuted in the UK, where 30 per cent of Carlsberg's beer output is drank every year.
At an official launch event in Copenhagen, inventor Christopher Stuhlmann revealed how a trip to his local DIY store helped convince him that his brainwave could become a reality.
"The starting point was going to a hardware shop and buying all the adhesive I could get, all the glue that was there," said Mr Stuhlmann, who works for one of Carlsberg's design partners.
"Over the weekend I just glued things together and made a short video for my CEO and so the idea was born."
The technology has the support of the World Wildlife
...More info on site
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