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E-Malt.com Newsletter 44b
November 02 - November 05, 2023
Quote of the Week
Dream beautiful dreams, and then work to make those dreams come true.
Spencer W. Kimball
Currency Rates
Base Currency: US Dollar
on November 03, 2023 |
Base Currency: Canadian Dollar
on November 03, 2023 |
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1 USD = 0.9419 EUR
1 USD = 0.8203 GBP
1 USD = 1.3797 CAD
1 USD = 1.5549 AUD
1 USD = 150.3750 JPY
1 USD = 4.9529 BRL
1 USD = 93.0891 RUB
1 USD = 7.3159 CNY
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1 CAD = 0.7247 USD
1 CAD = 0.5945 GBP
1 CAD = 0.6826 EUR
1 CAD = 1.1269 AUD
1 CAD = 108.9770 JPY
1 CAD = 3.5894 BRL
1 CAD = 67.4618 RUB
1 CAD = 5.3019 CNY
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Currency Rates Chart
Equities of the Largest Breweries
World: Molson Coors Brewing’s third-quarter profit beats analysts’ estimates
...Click here
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USA, NY: Alizé Brewing Company launches in Mattituck
...Click here
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Canada: Molson Coors Beverage Company invests C$10 mln in St. John’s, Newfoundland brewery
...Click here
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USA, TX: White Rock Alehouse & Brewery to hold grand opening of its new West Dallas location on November 4
...Click here
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USA, TN: Blackberry Farm Brewery sold to Oldham Hospitality
...Click here
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USA, MA: Bright Ideas Brewing opens new taproom and brewery in Westfield
...Click here
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USA, FL: Voodoo Brewing Co. expects to open in St. Petersburg early next year
...Click here
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USA, CO: Loveland's Verboten Brewing to take over Black Bottle Brewery’s Midtown Fort Collins building
...Click here
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USA, FL: Persimmon Hollow Brewing Co. closing one of its Florida locations
...Click here
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China: Beer sector logs slowdown in growth in the three months ended September 30
...Click here
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South Korea: Alcohol stocks surge on news of beer, soju price hikes
...Click here
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Malaysia: Carlsberg Brewery Malaysia reports decline in third-quarter revenue
...Click here
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Argentina: Barley production expected to be 4th largest in 10 years
...Click here
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Romania: Ursus Breweries inaugurates new bottling line at its Brasov brewery
...Click here
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Asia: Sapporo, Carlsberg team up in three Asian markets
...Click here
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Italy: Birra Castello finalizes sale of San Giorgio di Nogaro brewery to Royal Unibrew
...Click here
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UK: Carlsberg Marston’s Brewing Company to upgrade equipment at its Northampton Brewery
...Click here
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Russia: Former Russian president sneers at Carlsberg after brewer says its business was stolen
...Click here
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Australia: Coopers Brewery credits recovery of tap beer sales for boosting financial year results
...Click here
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Ireland: Heineken axes Island’s Edge stout due to little demand
...Click here
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India: United Spirits closes its manufacturing plant in Uttar Pradesh
...Click here
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Graph of the Week
Table of the Week
China Malt Imports 2018 - 2022
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
02 November
1927 - John Sainsbury was born, Chairman of J Sainsbury plc (the parent company of Sainsbury's Supermarkets Ltd) since 1969; English billionaire
1928 - Dupont introduces synthetic rubber
1992 - 1st test flight of Airbus A330
03 November
1898 - 1st US automobile show opens at Madison Square Garden (NYC)
1929 - 1st commercially produced synthetic rubber manufactured
1971 - The microprocessor is officially born as Intel introduces its new 4004 chip, invented by Ted Hoff and Federico Faggin
2014 - One World Trade Center officially opens
04 November
1846 - Benjamin Palmer patents artificial leg
1939 - 1st air conditioned automobile (Packard) exhibited, Chicago, Ill
1996 - Vimpel Communications becomes the first Russian company to list its shares on the New York Stock Exchange
2008 - Barack Obama becomes the first person of African-American descent to be elected President of the United States
05 November
1492 - Christopher Columbus learns of maize (corn) from Indians of Cuba
1895 - George Selden patents 1st gasoline-driven car
2007 - Android mobile operating system is unveiled by Google
Agenda
November 2023:
28 - 30: Brau Beviale 2022 (Nuremberg, Germany)
December 2023:
06 - 08: Drink Japan 2023 (Makuhari Messe, Japan)
February 2024:
01 - 02: Glug Swiss 2024 (Alte Reithalle, Aarau, Switzerland)
09 - 12: HoReCa 2024 (Athens, Greece)
18 - 21: Beer & Food Attraction 2024 (Rimini, Italy)
23 - 25: Finest Spirits 2024 (Munich, Germany)
March 2024:
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
22 - 23: InnBrew 2024 (Barcelona, Spain)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
April 2024:
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
May 2024:
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)
June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
September 2024:
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
News Articles
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World: Molson Coors Brewing’s third-quarter profit beats analysts’ estimates
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Molson Coors Brewing Company revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line
...More info on site
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USA, NY: Alizé Brewing Company launches in Mattituck
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A new, locally-owned brewery and tasting room has hit the streets of Mattituck, the Northforker reported on October 31.
From the minds behind Tradewinds Brewing Company in downtown Riverhead, Duffy Griffiths and partner Stephen Wirth opened Alizé Brewing Company last weekend in the former East on Main restaurant at 10560 Main Road in Mattituck.
Griffiths said he and Wirth, owner of Digger’s Ales N’ Eats in Riverhead, launched Alizé to showcase Tradewinds’ beer in Mattituck. The pair previously operated Crooked Ladder Brewery together until they closed in 2019 and Griffiths owns Duffy’s Deli in Jamesport and Riverhead.
“It was a natural fit to open up a restaurant — our main focus is sticking with the tasting room theme,” Griffiths said. “We don’t want to be considered a bar.”
With a variety of beer flights, food and live music, the two veteran brewers hope to make Alizé Brewing Company a community-oriented space in Mattituck. The interior features private dining rooms for special events as well.
Griffiths said he would like to introduce karaoke and trivia nights at Alizé for community members and visitors to the area to enjoy.
Jim Liszanckie, Digger’s executive chef, is aboard the venture as well with his carefully curated menu of some familiar
...More info on site
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Canada: Molson Coors Beverage Company invests C$10 mln in St. John’s, Newfoundland brewery
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Molson Coors Beverage Company in Canada is celebrating a milestone in an ongoing investment and modernization strategy for its St. John's brewery, its most easterly brewery in North America, CNW reported on November 3.
Since 2007, the St. John's brewery has benefited from over C$33 million in capital investments, including the installation of a new wet mill, bottle and can fillers, tunnel and flash pasteurizers, and a state-of-the-art can packer that entirely eliminates the need for plastic packaging, among other critical upgrades to both the facility and its equipment. The brewery's most recent investment, a C$10 million upgrade for a bottle washer in early 2023, has resulted in reduced water and electrical consumption, as well as an improvement in production efficiency and reduction in maintenance costs.
"Molson Coors has made strategic decisions over the past several years that reflect our unwavering commitment to maintaining a strong and vibrant presence in our brewery communities, including Newfoundland and Labrador," says Frederic Landtmeters, president of Molson Coors Canada. "We've invested not just in our business, but in the community that has supported us for decades. We have the utmost confidence in the future of this region, and we're excited to continue our journey together, raising
...More info on site
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USA, TX: White Rock Alehouse & Brewery to hold grand opening of its new West Dallas location on November 4
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White Rock Alehouse & Brewery has expanded its brewery to West Dallas at 2477 N Beckley Ave. The location will be under a new name, White Rock Brewing Co. and will have a grand opening on Nov. 4 at noon, the Lakewood/East Dallas Advocate reported on October 31.
The West Dallas location opened their restaurant back in April, but the site lacked a brewery portion.
The White Rock Brewing Co. is adjacent to The Langford community and part of the West Commerce Gateway, a local apartment complex, according to previous Advocate reporting.
This brewery significantly increased the square footage compared to its Lakewood brewery, going from six beer tanks to 21, allowing for further beer production at both locations, Amanda Frost Events & Marketing Manager said.
“It’s literally like going from a studio apartment with a Murphy bed to a four-bedroom house on like two acres in terms of the size of the brewery compared to the new one,” she said.
The limited space in the previous location necessitated expansion to continue the brand, Frost added.
White Rock Brewing Co.’s grand opening event will provide live performances and tours of the brewery will take place.
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USA, TN: Blackberry Farm Brewery sold to Oldham Hospitality
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There's a big change brewing at Blackberry Farm Brewery. The Maryville outpost of the well-regarded Blackberry Farm operation has been sold, the business announced Oct. 30.
Oldham Hospitality, which operates the Townsend-based restaurant Peaceful Side Social, has acquired the brewery business and Maryville taproom and will run them as Peaceful Side Brewery.
"As a young company, we are excited to expand our capabilities and continue to focus on building our products from the ground up," said Houston Oldham, director of operations for Oldham Hospitality. "Everything we do, we make it. We're excited to build a new beer brand while also honoring Blackberry Farms' legacy."
Blackberry Farm Brewery opened a taproom within its barrel-aging facility near downtown Maryville in 2019, offering 12 beers on tap and various bottles from its archive. The taproom added food last year.
Roy Milner, Blackberry Farm's chief fermentation officer, had started the brewery inside an existing dairy barn on the Walland farm in 2011. As it grew, the need for the Maryville production facility became obvious. The facility opened in 2014 and began distributing to 36 states two years later.
Milner said Blackberry Farm had started to pull back on distributing its beer a few years ago to focus on its
...More info on site
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USA, MA: Bright Ideas Brewing opens new taproom and brewery in Westfield
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Bright Ideas Brewing opened the doors to a new taproom and brewery in Westfield last weekend, a move that will increase production of its craft brewing fivefold, according to the company’s ownership, MassLive.com reported on October 31.
The brewery’s original location is well known to visitors of the Massachusetts Museum of Contemporary Art campus in North Adams since its opening in April 2016. The North Adams location is housed in an old factory building on the campus of the art museum. And it quickly grew in popularity.
Last Saturday, the brewery opened its Westfield location which is designed to showcase a 15-barrel brewhouse built on the taproom floor.
Along with a rotating line-up of food trucks, the taproom offers multiple indoor and outdoor spaces with couch nooks, private event areas, a game room, conference set-ups, and picnic tables.
The Westfield brewery will increase production from 600 barrels to 3,000 barrels per year, according to a press release.
“We are thrilled to open our second brewery and taproom in Westfield, a city with an amazing beer community,” Orion Howard, the owner of Bright Ideas Brewing, said in a statement. “Our team has put a tremendous amount of effort into creating a welcoming space for the Westfield
...More info on site
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USA, FL: Voodoo Brewing Co. expects to open in St. Petersburg early next year
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A craft beer enthusiast has inked a lease for the shuttered building at 220 4th St. N., St. Petersburg where he plans to open the area’s first Voodoo Brewing Co. location, the St Pete Catalyst reported on October 31.
For months, a banner has stretched across the 1925 building reading “Voodoo Brewing now hiring,” but the doors remained locked, and the lights weren’t on.
Owned by St. Petersburg Hollander Hotel founder Michael Andoniades, the space was formerly occupied by the Orange Blossom Catering business. A different operator planned to open a Voodoo brewpub at the property, which was expected to open last year; however, a new independent Voodoo franchisee, Bob Skepnek, has stepped in.
“I saw this space early on during my site search,” said Skepnek. He toured the space multiple times with Andoniades before executing the lease several weeks ago.
“I visited the craft beer places around town, and there’s quite a scene. People have a passion for it. With the residents, tourists and artists, there’s a great cultural mix in the city, and I feel they will embrace us.”
He expects to open the brewery early next year.
Skepnek joined Voodoo Brewing this summer after wrapping up a 30-year
...More info on site
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USA, CO: Loveland's Verboten Brewing to take over Black Bottle Brewery’s Midtown Fort Collins building
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Black Bottle Brewery will shutter later this year, making way for Loveland's Verboten Brewing to take over its Midtown Fort Collins building, Black Bottle announced on Facebook on October 27.
The sale is set to close at the end of November, the post continued. It will mark the end of Black Bottle Brewery's 11 years in Fort Collins, which were more recently marked by financial hardship — including a Chapter 11 bankruptcy filing in 2020, according to BizWest.
Black Bottle Brewery owner Sean Nook declined to comment on the sale on October 31.
Verboten Brewing, which opened in Loveland in 2013, had been considering adding a second location for a while, co-owner Angie Grenz told the Coloradoan Monday. Earlier this year, they were approached about Black Bottle Brewing potentially vacating its building, "and the timing was right for us," Grenz said.
While it's too early to discuss details of the forthcoming second location, Grenz said an early 2024 opening in Fort Collins would be the best-case scenario for the brewery.
The second location will mirror Verboten Brewing's existing location in downtown Loveland that the brewery moved to in 2016.
The addition of a new location will not change Verboten's Loveland operations, according to Grenz.
"Nothing will change
...More info on site
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USA, FL: Persimmon Hollow Brewing Co. closing one of its Florida locations
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Persimmon Hollow Brewing Co. is closing its doors in Horizon West, the Observer reported on November 1.
Company representatives took to social media Sunday, Oct. 29, to announce the news.
"The only things we love more than beer here at Persimmon Hollow are our team members, guests and partners," the post reads. "We are sad to announce that we have made the difficult decision to close our location at Flamingo Crossings. We would like to thank our team, our guests, our landlord at Flamingo Crossings and all our vendors for accompanying us along the ride at this location."
Brewery leaders listed no direct reasoning for the closure, and no closing date has been confirmed.
The brewery hosted its grand opening event less than two years ago June 25, 2022, at Flamingo Crossings Town Center, 140 Sugar Belle Drive in Winter Garden.
The business was known for its craft beer and a variety of food options.
The first location opened in 2014, and the company's beer can now be found in taps and on store shelves throughout Florida.
The Horizon West brewery was the third location.
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China: Beer sector logs slowdown in growth in the three months ended September 30
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China’s beer sector logged a slowdown in growth in the three months ended Sept. 30 after a strong start to the year, but there
...More info on site
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South Korea: Alcohol stocks surge on news of beer, soju price hikes
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South Korean brewery and distillery stocks are gaining on November 1 following the news of price increases for soju and beer, Pulse News Korea
...More info on site
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Malaysia: Carlsberg Brewery Malaysia reports decline in third-quarter revenue
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Carlsberg Brewery Malaysia Berhad (the Group) has reported a decline in revenue of 10.2% to RM513.4 million and a decline of 0.6% in net
...More info on site
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Argentina: Barley production expected to be 4th largest in 10 years
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More rainfall is reported for key barley regions in Argentina’s Buenos Aires province, Santa Fe and Cordoba. An increasing concern is the continued heavy
...More info on site
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Romania: Ursus Breweries inaugurates new bottling line at its Brasov brewery
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Romania's Ursus Breweries said on November 1 that it has inaugurated a new bottling line at its brewery in the central city of Brasov,
...More info on site
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Asia: Sapporo, Carlsberg team up in three Asian markets
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Sapporo Breweries in January will start placing a big bet on three Asian markets by teaming up with Danish beer giant Carlsberg Group to
...More info on site
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Italy: Birra Castello finalizes sale of San Giorgio di Nogaro brewery to Royal Unibrew
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The contract for the sale of the business unit relating to the San Giorgio di Nogaro plant owned by Birra Castello SpA, owner of the historic Pedavena brewery, to the Royal Unibrew Group, an international player in the multi-beverage market, announced last July, was finalized on October 2, EFA News reported.
Birra Castello SpA will continue to maintain ownership of all the group's current brands - Birra Castello, Birra Dolomiti, Pedavena, Superior and Alpen - and will continue with the strategy of strengthening and developing the Belluno plant.
The acquisition of the San Giorgio di Nogaro plant, with an estimated potential beer production capacity of up to 1 million hectoliters per year, will significantly enhance Royal Unibrew's production and packaging capacity of cans and glass bottles in Italy. Equipped with two filling lines, this facility will allow Royal Unibrew to strengthen its presence in Italy, allowing the company to meet the growing demand for its products both locally and internationally.
Thanks to the harmony between Birra Castello and the Royal Unibrew Group and in full agreement with the trade unions, the workers involved in the transfer are guaranteed the existing contractual conditions, thus ensuring the Danish group full continuity of the current
...More info on site
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UK: Carlsberg Marston’s Brewing Company to upgrade equipment at its Northampton Brewery
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Carlsberg Marston’s Brewing Company (CMBC) is to invest more than £10m in upgrading equipment at its Northampton Brewery, increasing capacity for producing its Snap Pack packaging and reducing its water usage, Food & Drink International reported on November 1.
The investments will see three significant upgrades realised, with all three set to go live in Q1 next year; a second-generation machine for packaging cans in Snap Pack is being installed, alongside a new laser can encoder and an improved can filler and seamer.
First launched in 2018, Snap Pack uses innovative glue dot technology to hold cans together, removing the need for plastic rings and making multipacks more sustainable. Snap Pack was co-developed by Carlsberg Group and KHS GmbH, an international manufacturer of filling and packaging equipment.
This technology has been used across some of the best-known and most popular beers in CMBC’s portfolio, including Carlsberg Danish Pilsner, San Miguel, Birrificio Angelo Poretti and Brooklyn Pilsner.
By the end of 2022, Snap Pack was used for 65% of the four- and six-can multipacks produced at the brewery. The new second-generation Snap Pack machine will allow double the number of Snap Pack multipacks to be produced, with the company aiming to fully transition by the
...More info on site
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Russia: Former Russian president sneers at Carlsberg after brewer says its business was stolen
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Former Russian president Dmitry Medvedev sneered at the Danish brewer Carlsberg on November 1 for having thought it could quit Russia without penalty after the West sanctioned Moscow for its invasion of Ukraine, Yahoo Finance reported.
Carlsberg CEO Jacob Aarup-Andersen on October 31 said Russia had stolen its business when President Vladimir Putin in July granted temporary control of its majority stake in the Russian brewer Baltika to the federal government.
Russia says the move does not change the ownership structure, but Carlsberg said it had cut ties with Baltika, scrapping all licence agreements, and would not enter a deal with Moscow that would make the seizure look legitimate.
Medvedev, once seen as a liberal reformer but now an arch-hawk as deputy chairman of Russia's Security Council, mocked the brewer in a typically profane posting on Telegram.
"Like their brethren in the Western menagerie, they abandoned everything in Russia for political reasons ..., refused to fulfil their obligations to Russian contractors.
"And they thought they'd be left alone," he wrote. "'We give you sanctions, and weapons to the Ukrainian regime, but don't you touch our property, or at least let us sell it profitably'."
The Danish group halted investments in Russia shortly after the invasion and
...More info on site
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Australia: Coopers Brewery credits recovery of tap beer sales for boosting financial year results
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Australia’s Coopers Brewery have credited the recovery of tap beer and higher malted barley sales for boosting their financial year results as their packaged beer sales were down 5%, the Beer & Brewer reported on November 2.
In a media statement, their managing director Dr Tim Cooper said keg sales had reflected the public’s return to hospitality venues and that they had been approaching pre-pandemic levels at the end of the financial year. Despite keg sales still being down 14% compared to the pre-Covid 2019 financial year, Coopers’ keg volumes rose 26% over the 12 months to June 30, 2023.
However, Dr Cooper said the boost from keg volume is now “slightly under pressure due to the cost-of-living crisis”.
“There is no doubt the beer market in Australia faces challenges brought on by increasing cost-of-living pressures, market concentration and excessive taxation on beer,” he added.
Coopers’ packaged beer sales were down 5% while their total beer sales, excluding non-alcoholic beer, was 77.6 million litres for the 2023 financial year – a dip of 2.3% on the 2022 financial year volume of 79.4 million litres. Meanwhile, with the continued popularity of canned beer across the industry, cans now represent 37% of Coopers’ packaged beer sales.
...More info on site
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Ireland: Heineken axes Island’s Edge stout due to little demand
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Island’s Edge stout has been axed by Heineken Ireland, according to a report in The Irish Times.
Heineken Ireland is understood to have ceased selling Island's Edge to publicans, who say there was little demand for the stout that was launched just over two years ago.
The report on Thursday comes just a few months after the Business Post found that Island's Edge had been "delisted" by many pubs across Ireland "amid low sales," with some citing Heineken's recent price increases as a deterrent.
“I am not surprised," Donal O’Keefe, chief executive of the Licensed Vinster Association, told the Business Post on Thursday. "It didn’t sell very well.”
Heineken Ireland has not issued a public statement regarding the fate of Island's Edge.
The social media accounts for Island's Edge have shown no activity since this past May, further evidence that the Irish stout is being wound down. Additionally, the 'find a bar' tool on the Island's Edge website is no longer live.
The latest Island's Edge social media posts show a collaboration with the Irish podcast duo The 2 Johnnies, who were brought aboard after humorously questioning the logic behind introducing a new stout in Ireland.
Rolled out in 2021, Island's Edge was initially marketed as "unexpectedly
...More info on site
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India: United Spirits closes its manufacturing plant in Uttar Pradesh
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United Spirits Ltd (USL), owned by British multinational alcoholic beverage company Diageo, announced on October 31 that it has closed its manufacturing unit in Uttar Pradesh, which has been in operation for over 200 years. The decision was made as part of the company's multi-year supply chain agility program, which was approved by USL's board in January this year, the Goodreturns reported on October 31.
The multi-year supply chain agility program is focused on making the company fit for the future. As part of this program, USL has closed its factory operations at the manufacturing unit located at Rosa, Village Rousarkothi, Post Rousarkothi, Dist Shahjanpur, UP.
According to the company, operations at the unit were suspended in FY23 and no manufacturing activity has been undertaken since then. The factory has very old infrastructure and depleted machinery with age-old technology. Replacing such machinery and technology would have a huge cost to the company which is not viable as per the current market conditions.
The date of closure of the unit is October 31, 2023. As per its strategy, USL is now focusing on its premium and luxury products. Last year, it had sold over 30 entry-level lower-priced brands to Inbrew Beverages for Rs
...More info on site
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