Tag: Britvic

Britvic secures US$520m sustainability-linked financing deal

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UK – British soft beverages producer and UK distributor of Pepsi drinks, Britvic has agreed secured its first sustainability-linked credit facility that will see the company access £400 million (US$520m) over the next five years. Under the financing deal, Britvic will link the margin of the facility to its sustainability goals. The soft beverage company has set three sustainability goals targeting to ensure that 50% of all plastic bottles in Great Britain and Ireland are made of recycled plastic (rPET) by the year 2025. The company also targets to reduce…

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Britvic announces new carbon emissions reduction targets to help tackle climate change

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ENGLAND – Britvic, one of the leading branded soft drinks businesses in Europe, has announced ambitious science-based carbon targets, committing to halving carbon emissions from its own operations by 2025. With the support of carbon management and energy performance business Carbon Credentials, Britvic has further set a target to achieve net zero emissions by 2050. According to the soft beverage company, the new targets have been independently verified by the Science Based Target initiatives (SBTi), in line with the latest climate science requirements to prevent a global temperature rise of…

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Dutch bottler Refresco accelerates buy and build strategy to expand global footprint

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NETHERLANDS – Refresco, Netherlands-based beverage bottler has embarked on an aggressive expansion plan seeking to make multiple acquisition in various markets as part of the company’s buy and build strategy aimed at propelling growth and expanding its global footprint. Refresco became the world’s largest independent bottler with leadership positions across Europe and North America following last years acquisition of Cott’s bottling activities. The company has now entered into an agreement with AZPACK (Arizona Production & Packaging) to acquire their manufacturing activities located in Tempe, Arizona, USA. With this agreement, Refresco…

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Britvic Plc appoints Joanne Wilson as Chief Financial Officer

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UK – The British soft drinks producer, Britvic Plc has appointed Joanne Wilson as the company Chief Financial Officer, succeeding Mathew Dunn who will be leaving the company. Prior to the appointment, Joanne was Chief Financial Officer at Dunnhumby, the global leader in customer data science and part of Tesco PLC. She has also held various financial and commercial roles at Tesco PLC internationally, as well as in the UK. Matthew Dunn has been appointed as the new CFO of online fashion retailer ASOS and will leave Britvic in April.…

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Britvic expands Pepsi Max product range with new raspberry flavour

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UK – Britvic, British soft beverages producer and UK distributor of Pepsi drinks has unveiled new raspberry flavour variant of its Pepsi Max range to expand its offering for raspberry-flavoured and low sugar soft drinks. The new variant will be available in convenience stores beginning March, providing consumers with great-tasting products while checking on their sugar intake. It will be available in popular cherry and ginger variants alongside the no sugar raspberry flavour, highlighting the brand’s commitment to low sugar options, in line with changing tastes and preferences. According to…

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Britvic to power operations with 100% renewable electricity in new deal with E.ON

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UK – Britvic, a British producer of soft drinks, has made plans that from October 2018, every Britvic manufacturing site in GB, from its offices to warehouses and factories, will be powered by 100% renewable electricity. According to the company, the move forms part of a new four-year deal with energy provider E.ON, which will provide power needs for the whole of Britvic’s business operations in Great Britain, including 100% wind generated electricity, sourced from the UK. Britvic’s decision to move to 100% renewable electricity is driven by its ambition…

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Britvic launches range of sparkling waters below the new sugar levy threshold

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UK – Britvic, Hemel Hempstead based producer of soft drinks has unveiled a line of new sparkling water, Aqua Libra, a range which falls way below the new sugar levy threshold. The company said all the new flavors contain no added sugar or artificial flavourings, in line with the recently enacted sugar levy legislation in the UK. The UK sugar tax, which came into force on April 6, is said to have pushed up the price of sugar-sweetened soft drinks across Britain, and according to FoodIngredientsFirst, 50% of manufacturers have…

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Britvic invests US$142 million at its production site in UK

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UK – Britvic, British producer of soft drinks has invested US$142 million in three new production lines at its Rugby manufacturing site, thereby creating 80 new jobs. According to the company, the move adds to its plans to ensure efficient and effective flow of products and services from the factory to the customers purposely to satisfy the customer requirements and reduce carbon emissions from heavy transport vehicles. These new can lines offer increased production at the rate of 6,000 cans per minute and reduced wastages. In addition to the three…

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