Mexican bottler and retailer FEMSA appoints Daniel Rodriguez as CEO

MEXICO – Mexican multinational beverage and retail company Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA has appointed Daniel Rodriguez as CEO, effective January next year.  Rodriguez succeeds Eduardo Padilla, who has been at the helm of the largest independent Coca-Cola bottling group in the world since  2018.  Daniel Rodriguez joined FEMSA in 2015 and currently leads the Femsa Comercio division including the vast chain of Oxxo convenience stores.   Femsa said in a statement that Rodriguez will focus on “growth and innovation along with sustainability, inclusion, and diversity.”  Earlier this year, FEMSA expanded its footprint in…

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PepsiCo India partners United Way to manage post-consumer plastic waste in Mathura

INDIA – PepsiCo India in partnership with United Way Delhi has launched “Tidy Trails” – a special initiative to sustainably manage post-consumer plastic waste in Mathura-Vrindavan.  Tidy Trails will engage the shopkeeper community, including organized and unorganized retail shops in eight commercial zones, across Mathura-Vrindavan to encourage behavioural change towards responsible plastic waste management.  PepsiCo India and United Way Delhi also plan to organize on-ground events, e-educational workshops, and will distribute Information, Education and Communication (IEC) material to the shopkeeper community as well as the public at large.  A mobile van has been deployed to create…

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Dr. Pepper posts strongest growth as Coca-Cola maintains lead as world’s most valuable beverage brand

US – 129-year-old Coca-Cola has emerged, yet again, as the world’s most valuable brand in the just released ranking by Brand Finance, the world’s leading brand valuation consultancy.   The annual rankings plot the world’s biggest soft drinks against each other, measuring brand value through the strength of brands as well as metrics on marketing investment, stakeholder equity and business performance.  Coca-cola which has for decades been crowned as the world’s most valuable and strongest soft drink brand continued to maintain its position at the top with a total brand value of US$33.2bn. …

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Coca-Cola Europacific Partners enters new partnership to enhance plastic recycling in Australia

AUSTRALIA – Coca-Cola Europacific Partners (CCEP), one of the largest anchor bottlers for Coca-Cola has joined a new partnership aimed at enhancing Australia’s plastic recycling capacity.   Other members in the partnership include leading Australian beverage manufacturer Asahi Beverages, packaging solutions provider Pact Group, and Cleanaway Waste Management.    The companies have signed a memorandum of understanding to form a joint venture that will build and operate the new plant.  Pact, Cleanaway, and Asahi Beverages are already collaborating to build a PET recycling facility in Albury-Wodonga – expected to be completed later this year.  The newly announced proposal with backing…

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Coca-Cola to close down 2 US bottling plants as part of asset right strategy

US – Atlanta-based multinational bottling company Coca-Cola has announced plans to close down to bottling facilities in the United States as part of its “asset right” strategy.  According to Coca-Cola, the strategy is aimed at ensuring it has the proper level of resources as it transforms its beverage portfolio to meet changing consumer and customer needs.  As a result, operations at a bottling facility in American Canyon, California, that employs 160 people, and another plant in Northampton, Massachusetts, that has 320 workers are expected to close down by 2023.  The Atlanta-based soda,…

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European soft drinks industry commits to reduce sugar content in beverages by 10% before end of 2025

EUROPE – Soft drink beverages are a favorite for many. Their sweet taste is irresistible, making many consumers to crave for more once their first bottle is complete.  These sweet beverages however come with the added risk of exposing consumers to lifestyle diseases such as obesity and diabetes.   Numerous studies have shown that regular consumption of soft drinks is associated with type 2 diabetes in both adults and children.   In the UK where per capita consumption of soft drink beverages is estimated to be 107 liters, a majority of adults and a significant…

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Constellation Brands invests Hop Wtr as Primo Water expands presence in Northwestern US

US – American producer and marketer of beer, wine, and spirits Constellation Brands has invested in California’s Hop Wtr, a non-alcoholic, calorie-free sparkling water.   Founded in 2020, the sparkling water is reportedly infused with a blend of Columbus and Centennial dry hops and notes of citrus as a nod to an IPA.  Hop Wtr is also spiked with a proprietary blend of adaptogens and nootropics, including L-theanine and ashwagandha.   Its unique positioning as a calorie-free beer alternative with a functional benefit makes it an attractive investment opportunity for Constellation Brands which seeks to tap the potential existing…

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Coca-Cola raises full-year guidance as Q2 revenues jump 42% buoyed by rebounding away-from-home consumption

US- Atlanta-based multinational soft beverage company, Coca-Cola Company is upbeat about its 2021 full year results following an impressive Q2 where sales from away-from-home consumption rebounded resulting in double digit growth in revenues.   According to a statement from the company, net revenues for the quarter amounted to US$10.1 billion, a 42% jump when compared to the same period last year.  The company’s organic revenues went up 37% while operating income rose by 52%. Coca-Cola also recorded a 26% growth in concentrate sales and 11% price/mix growth.  Global unit case volume benefitted from…

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Coca-Cola Israel expands into cultured milk production as US unit updates taste of coke zero

ISRAEL – Coca-Cola Israel, formally known as The Central Bottling Company (CBC), is diversifying into cultured milk production with a new strategic partnership with Israeli food-tech company BioMilk.  Under the new partnership, CBC will invest up to US$2 million in the development of BioMilk’s cultured milk products. BioMilk, on the other hand, will transfer its products to Tara Dairy, which is owned by CBC, for a “pilot commercial production”.   Transferring production capabilities to Tara Dairy will enable BioMilk to step up technological developments and accelerate its reach towards the fridges and shelves of consumers.  With the new partnerships,…

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Refresco to expand presence in German beverage market with acquisition of Hansa-Heeman

GERMANY – Refresco, the world’s largest independent bottler of beverages, has entered into an agreement to acquire Hansa-Heemann, a German independent beverage manufacturer that specializes in the production and bottling of mineral water and CSDs.  A majority of the company’s volume (60%) is in mineral water, with the remaining 40% in carbonated soft drinks.  The independent bottler has five production sites across Germany and serves three different market segments: private label, own brands, and contract manufacturing for A-brands.  Hansa-Heeman reportedly has annual revenues of approximately €300 million (about US$355 million) and employs over 800 people.  According…

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