Serengeti Breweries to increase volume of cereals sourced locally by 2020

TANZANIA - Serengeti Breweries, a subsidiary of East African Breweries Ltd (EABL) has said it will increase the amount of barley, maize and sorghum it sources locally from 15,300 metric tonnes to over 17,000 tons by 2020, IPP media reports. At the time, the company is looking to increase beer production and a collaboration with…

PepsiCo launches The Hive incubation platform in North America

USA – PepsiCo, an American multinational food, snack, and beverage corporation, has launched a new entity in North America, called The Hive, which will focus on developing emerging brands within the company’s portfolio. According to FoodBev, the creation of the unit aims to assist the firm in transforming its portfolio to meet changing consumer needs and deliver…

Coca Cola Great Britain redesigns the Coca-Cola packaging range

UK - Coca-Cola Great Britain has revealed a new design for the Coca-Cola range featuring new look packaging for Coca-Cola original taste and Coca-Cola zero sugar. According to the company, the changes unify both variants with the iconic Coca-Cola red and form part of the company’s commercial strategy to encourage more people to try Coca-Cola…

Carlsberg second-quarter sales beat estimates raising profit outlook for the year

DENMARK - Carlsberg, the world’s third-largest brewer has recorded improved total sales which rose to US$2.80bn on growing demand for its expensive beers, way above analysts’ expectations in a Reuters poll. Due to strong overall performance in both the first and second quarter, the brewer has increased its full-year earnings outlook to high-single-digit percentage organic growth…

Coca-Cola HBC’s growth in volume lifts revenue 0.5% in the first half

NIGERIA - Coca-Cola Hellenic Bottling Company, the parent company of the Nigerian Bottling Company (NBC) has reported 0.5% growth in revenue boosted by 4.6% rise in volume from both the developing and emerging markets. The first half of 2018 was characterized by strong performance in the second quarter helped by new product launches, good weather…

Domino’s seeks to terminate Indian partnership with Coca-Cola for PepsiCo

ASIA - Domino’s Pizza, the American pizza restaurant operated by Jubilant Food-Works (JFL) in India is seeking to end its global partnership with Coca-Cola in India, with possibility of swapping it with its rival PepsiCo, two officials aware of the matter revealed. According to ET Retail, Domino’s is in active negotiations that may see the…

Coca-Cola India announces changes to its leadership team

ASIA - The leading beverage company, Coca-Cola India has announced changes to its leadership structure with the appointment of Sundeep Bajoria as new Vice-President – South West Asia (SWA) Operations and Chandrasekar Radhakrishnan as vice president - strategy and insights, Coca-Cola India & South West Asia. The company said the changes were critical and in…

Tanzania Breweries to construct US$109m mega plant in Dodoma

TANZANIA - Tanzania Breweries Limited (TBL), the country's oldest and largest brewing company has announced intentions to shift its headquarters from Dar es Salaam to Dodoma where it plans to construct the country’s biggest plant worth US$109.51mn, reports Daily News. Construction of the new brewery is expected to begin 2020 to be completed in two…

PepsiCo Mexico cuts down on sugar and salt by 24% in snacks

MEXICO - PepsiCo Mexico has cut down on sugar and salt across its snacks portfolio by 24% as part of a long-term reformulation strategy designed to reduce added sugars and sodium across products. According to FoodingredientsFirst, Mexico was a pioneer in implementing a sugar tax on sugary soft drinks in a bid to cut alarming…

Coca-Cola takes minority ownership stake in sport drinks brand Bodyarmor

USA - Coca-Cola is taking a minority ownership stake in Bodyarmor, a fast-growing line of premium sports performance and hydration beverages for an undisclosed sum. The company said that through the strategic relationship, Bodyarmor will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will…