AB InBev’s Nigerian Subsidiary Int’l Breweries restructures its board

NIGERIA - International Breweries Plc (IB Plc), the company unit of the world’s biggest brewer AB InBev has announced major restructuring of its Board of Directors after completing a three-way merger with Intafact Beverages Limited and the Pabod Breweries Limited. The Board has appointed Igwe Nnaemeka Alfred Achebe as its new chairman to succeed Sunday…

AB InBev’s revenue soars 4.7% boosted by emerging markets in Q1

BELGIUM - Anheuser-Busch InBev SA/NV, the world’s biggest brewing company has reported a 4.7% increase in revenue to US$13.07 billion in the first quarter of the year boosted by strong growth in emerging markets such as Mexico, South Africa and China. The company saw a rise in combined turnover for its Budweiser, Stella Artois and…

Tanzania Breweries wins 2017 Manufacturer of the Year Award

TANZANIA - Tanzania Breweries Limited, the country’s oldest and largest brewer has been announced the 2017 President’s Manufacturer of the Year Award (PMAYA), having been in the position for the last three years. Daily News reported that in addition to manufacturer of the year award, the brewery was also granted the Beverage Manufacturer Award in…

Grain SA faults AB InBev for changing malt barley prices

SOUTH AFRICA - Barley farmers through Grain SA, the commodity organisation for grain producers have filed a complaint with the Competition Commission on a decision by AB InBev to change its pricing formula for malt barley, a key ingredient in beer making, reported Reuters. The lobby group accused AB InBev, the world’s largest brewing company…

Anheuser-Busch fuels green goals with new hydrogen trucks

USA - Anheuser-Busch, a US-based brewing company, has taken a step towards achieving its 2025 sustainability targets by ordering 800 hydrogen-powered semi-trucks from Nikola Motor Company, which will drastically reduce emissions produced by its dedicated distribution fleet. The company said the trucks will be integrated into its distribution fleet from 2020, and will reduce the emissions…

Distell’s restructuring delayed as competition authority demands divestment

SOUTH AFRICA - Distell Group’s planned reorganisation of its control structure is set to delay after the Competition Commission made it clear that the approval was conditional on the Public Investment Corporation (PIC) selling 20% of the 26.8% it acquired in 2016 to a black economic empowerment (BEE) investor. The firm stand by the commission…

AB InBev’s subsidiary Accra Brewery receives HACCP Certification

GHANA - Accra Brewery Limited, a subsidiary of one of the world’s largest beverage and brewing company, AB InBev, has received the Hazard Analysis Critical Control Point (HACCP) certification from the Food and Drugs Authority (FDA) of Ghana. The certification was granted after the brewer proved successful in implementing the programme which it said was…

AB InBev’s ZX Ventures acquires UK-based spirits company Atom Group

UK - AB InBev’s incubator, operator, and venture capital team ZX Ventures has acquired Atom Group, a company brand of spirits based in the UK for an undisclosed sum. Atom Group is a drinks company that encompasses production of spirits under the Atom Brands and importation, distribution and brand development via Maverick Drinks; to global…

AB InBev to cut emissions by 5% with new brewing method

BELGIUM - AB InBev has developed new energy-efficient brewing method that will reduce CO emissions by approximately 5% once the technique is utilised in its entire brewery network. The new method uses less heat and water than other brewing methods by generating gas bubbles needed to malt grains in beer thus does not require the…

AB InBev sees a ‘tippling’ point, to debut new products in India

INDIA - Anheuser-Busch In-Bev plans to introduce global lager brand Beck’s in India and relaunch others in an attempt to ramp up investment in the country, which it expects could become the largest beer-consuming market in the world. The company’s shipments in India increased at a double-digit rate, putting it among the fastest-growing territories for…