Tag Archive | "asia"

Welcome to InDrinks

Welcome to InDrinks

A short introduction to the Drinks Industry's Professional & Social Network - InDrinks. To join InDrinks you need to be a member of LinkedIn. You can join the group here: [...more]

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Gopalan Nair continues to criticize Singapore judge Belinda Ang

Gopalan Nair continues to criticize Singapore judge Belinda Ang

He was jailed three months last year for using "abusive" language against a lady judge in Singapore, but it appeared that Gopalan Nair had not learnt his lesson yet. In his latest post on his blog - The Singapore Dissident, Nair continues to criticize his nemesis Belinda Ang for a case which she presided over recently. The case involved four foreign banks suing the Asia Pacific Breweries for a sum of $100 million lent to it which was embezzled by its Finance Manager Chia Teck Leng. Judge Belinda ruled in favor of Asia Pacific Breweries. Her verdict was strongly disputed by Nair. [...more]

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Asia Pacific Breweries – Global Beer Brands Launch

Asia Pacific Breweries – Global Beer Brands Launch

Kolkata, Asia Pacific Breweries Ltd (APB) is planning to launch two to three of its international brands of strong beer in India by December, according to Mr Chetan Gupta, Marketing Manager of its Indian subsidiary Asia Pacific Breweries (Pearl) Pvt Ltd. [...more]

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Fosters Group 2009 Results – Sales Up, Profits Up in very challenging Markets

Fosters Group 2009 Results – Sales Up, Profits Up in very challenging Markets

Business Highlights "In a challenging global economy, today's result stands as a reminder of the continuing strength of Foster's. "The Australian beer, cider and spirits business, now known as Carlton & United Breweries, returned an excellent result. "Australian beer volumes were up in a good domestic market and we continue to leverage our leading innovation program for strong earnings growth. "Wine Review related initiatives are on track and there is an extraordinary amount of activity underway. However the wine category is bearing the full brunt of a lack of consumer confidence brought on by global economic conditions. "Wine returns are not where we want them to be, but it remains a profitable business, producing exceptional quality wines and continues to generate solid cash flows. "Overall, our brands are in very good shape, holding their own in a tough consumer environment. "Foster's took write downs today of $397.6 million associated with the Transformation Program, well within the range forecast in February. "Foster's balance sheet is strong, we have conservative gearing, good cash reserves and substantial committed undrawn bank facilities. "Foster's business strength, change momentum and strong brand health give me the confidence that the business is in good shape now, and that better is to come." [...more]

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Bitburger launches in Vietnam & Laos

Bitburger launches in Vietnam & Laos

Bitburger launched its product in Hanoi this month and announced its selection of local firm Kinh Bac Investment and Trading Joint-stock Co., or KBT, as a strategic partner and exclusive distributor for Bitburger's products in Vietnam, Laos and Cambodia. [...more]

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Heineken H1 profits up by 13% – share price soars to 11 month high

Heineken H1 profits up by 13% – share price soars to 11 month high

BRUSSELS, Aug 26 (Reuters) - Heineken NV , the world's third-largest brewer, reported a better than expected rise in first-half operating profit on Wednesday, driven by price hikes and cost savings despite lower volumes. [...more]

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Frucor is cleared to take over NZ rival Simply Squeezed

Frucor is cleared to take over NZ rival Simply Squeezed

Frucor Beverages, the local unit of Japan's Suntory Holdings, gained regulator approval to acquire rival juice business Simply Squeezed. Frucor is New Zealand's second-largest non-alcoholic drink company in New Zealand after Coke bottler Coca-Cola Amati, with brands including Just Juice, Fresh Up, Arano, Citrus Tree and McCoy. Hawkes Bay-based Simply Squeezed producers Simply Squeezed, Allganics, Supreme Country Style and Bay Harvest brand drinks. [...more]

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Bacardi to acquire sub premium Whisky brands in India?

Bacardi to acquire sub premium Whisky brands in India?

Bacardi - is planning to acquire mid-segment brands in India. "We will acquire brands, especially in the whisky segment, that will fit into our premium market strategy," said Mahesh Madhavan, president and chief executive of Bacardi-Martini India Ltd. [...more]

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ThaiBev looking for growth through Drinks acquisitions

ThaiBev looking for growth through Drinks acquisitions

Thai Beverage Plc, the country's largest brewer and distiller, plans to get hold of some beverage firms shares as due diligences are already going on, one in Thailand, one in the Philippines and two in Singapore. [...more]

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Tsingtao 68% net Profit increase for first half year – Sales up 15%

Tsingtao 68% net Profit increase for first half year – Sales up 15%

China’s leading beer maker Tsingtao Brewery Co brewed up a 68 percent jump in net profit in the first half of this year as it sold more beer following a series of mergers and acquisitions. The nation’s biggest brewery by market value said Friday its first-half profit rose to 639.8 million yuan (US$94 million) from [...] [...more]

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Snow Breweries appoint Ari Mervis as Chairman

Snow Breweries appoint Ari Mervis as Chairman

China Resources Snow Breweries, SabMiller's joint venture in China with China Resources Enterprise, has appointed Ari Mervis as chairman. [...more]

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Asia Pacific Breweries profits up 39% in Q3

Asia Pacific Breweries profits up 39% in Q3

Asia Pacific Breweries Ltd (APB) today announced an attributable net profit after exceptional items (ANP) of S$51.9 million for the third quarter ended 30 June 2009 [...more]

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