Tag Archives: AB Inbev

AB InBev to pour $2bn into U.S. breweries through 2020

Anheuser-Busch InBev on Monday announced an ambitious programme to spend $2bn in investment in its U.S. operations over the next four years to increase brewing capabilities.

The world’s largest brewer said it will spend $500m each year for the next four years – describing it as one of the biggest ever capital investment programmes in the U.S. brewing history.

AB InBev weighs ramping up production in Nigeria

Beer giant Anheuser-Busch InBev is considering increasing capacity in Nigeria to keep up with demand, according to the company’s CEO Carlos Brito.

While speaking to analysts late last week following the brewer’s first quarter 2017 results, Brito said that the group was struggling to keep up with demand in Nigeria as the company continues to grow “double digits” in both volumes and sales terms. AB InBev reported double-digit volume gains in Nigeria, as well as increased capacity and further market penetration in Q1.

AB InBev posts impressive first quarter results amid struggles in U.S., Brazil

Anheuser-Busch InBev on Thursday reported a 3.7% revenue growth in the first quarter of 2017 (Jan – Mar) to $12.92bn.The growth was helped by increased volume sales activity in Latin America and Asia as well as revenue management and premiumization initiatives throughout its markets.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.

AB InBev to export African beer brands across the globe

Anheuser-Busch InBev said on Wednesday it plans to introduce African beer brands to its markets around the world as it seeks to make the most of its decision to acquire SABMiller.

“There are so many very unique African brands and I think it is time to sell African beers to the greater market,” said Ricardo Tadeu, Head of AB InBev’s African Operations.

AB InBev announces Completion of sale of SABMiller’s Central and Eastern European businesses

Anheuser-Busch InBev (AB InBev) on Friday announced it had completed the sale of businesses and brands formerly owned by SABMiller in Central and Eastern Europe to Asahi Group Holdings of Japan.

The divestitures which were part of the brewer’s acquisition of SABMiller were done in accordance with agreements reached with European anti-trust regulators on 18 May 2016.

AB InBev targets 100% renewable energy in the future

The world’s largest brewing company, Anheuser-Busch InBev (AB InBev) announced on Tuesday a commitment to source 100% of its electricity usage from renewable energy.

The brewer said that the initiative will reduce its operational carbon footprint by 30% and help “transform the energy industry” in some of its key markets in places like Argentina, Brazil, India, and across markets in Africa.

Brazil slump weighs on AB InBev’s earnings

Leuven, Belgium-based Anheuser-Busch InBev said on Thursday that a weakened economy in Brazil, its second largest market had depressed its full year earnings.

The world’s largest beer maker noted that consumer purchasing power in Brazil continues to fall amid high unemployment rate, a difficult situation consumer goods companies are facing in that country. Despite the macroeconomic challenges, the brewer said it grew revenue 2.4% to $45.52bn in 2016, with revenue per hectoliter rising 4.5%, largely driven by revenue management initiatives and brand mix as it continues to implement premiumization strategies. However, it said that total beer volumes declined by 2%, with own beer volumes down 1.4% and non-beer volumes down 6.2%.

Heineken buys Kirin’s Brazil unit

Heineken N.V said on Monday it has agreed to acquire the loss making business of Japanese brewer Kirin Holdings Limited Brazil unit for $706m. Including debt, the Dutch brewer said it would pay €1.025bn for the transaction.

Kirin said it was exiting the Brazilian beer market citing a “stagnant and competitive” market.

Considering various risks associated with (the) Brazilian economy and (the) stagnant and competitive situation in (the) Brazilian beer and soft drink markets, Kirin has come to the conclusion that there are certain limitations in transforming Brasil Kirin into a sustainable and high-profitable business on its own,” it said in a statement.

International Breweries narrows loss in Q3 as low FX liquidity linger

International Breweries Plc (“IB Plc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) on Tuesday reported a net loss of –N473m in the first nine months of its financial year (Apr – Dec 2016), a much smaller loss when compared to the first quarter and half-year when it recorded an abysmal –N1.7bn and –N1.9bn loss respectively.