Tag Archives: Heineken N.V

Heineken unveils Ivoire in new Ivory Coast brewery

Heineken N.V on Monday unveiled the first beer brewed in its new Brassivoire brewery in Ivory Coast even though the plant won’t open until 2017.

The Dutch brewer partnered with French trading firm CFAO to build a new brewery in Abidjan at a cost of 100 billion CFA francs ($172m). The deal was first announced last year with Heineken holding 51% stake in the joint-venture to CFAOs 49%.

Heineken to reappoint its CEO to fourth term

Amsterdam-based Heineken N.V announced in October that it would seek a rare fourth, four-year term for its Chief Executive Officer, Jean-Francois van Boxmeer at the company’s next Annual General Meeting set to be held in April 2017.

Mr. van Boxmeer, who started working for Heineken in 1984, would be the second CEO in the company’s history to have had such a long tenure. Only the late Freddy Heineken, the grandson of the company’s founder had a longer tenure.

Champion Breweries earnings decline 38% in Q3 despite strong growth

Champion Breweries Plc, the Akwa Ibom-based brewer said on Tuesday that net income fell 38% in the third quarter ending 30th September, due to higher production costs and a spike in selling and distribution expenses. Cost of sales rose 30% in the third quarter to N636m, from N489m in the same period last year.

Heineken reports lower profit in 9-months despite 2% volume growth

Heineken N.V. said on Wednesday that net profit for the 9-months to the end of September fell 30% to €1.239bn, from €1.776bn it made in the preceding year. The decline was as a result of a one-time book gain of €379m it made from the sale of EMPAQUE, a Mexican packaging operation which boosted 2015 sales.

Challenges ahead for AB InBev as it debuts in Nigeria

Anheuser-Busch InBev (AB InBev) is set to make its debut on Tuesday 11th October as a unified company, after closing on the deal to acquire SABMiller a day earlier.

There will be high anxiety and anticipation among investors, market watchers, competitors and beer drinkers around the world to see if this global beer behemoth which will control almost 30% of the world’s beer volumes and nearly half of its profits will succeed. Stakes will be high here in Nigeria also where both the new player and the incumbents have to fight for market share amid a worsening economy and what effect this would have on all participants.

Heineken gears up to take on AB InBev in South Africa

Dutch brewer Heineken has introduced Sol Mexican Lager beer to the South African market as it readies to confront Anheuser-Bush InBev (AB InBev), the soon to be new owner of SABMiller’s breweries in the country. Heineken said it is part of its plan to increase its market share in a country where SABMiller dominates the market.

Heneken brought Sol to South Africa this month and plans to add more premium brands to its portfolio in the country, says Country Head, Ruud van den Eijnden, on Tuesday. He adds that growth will also be achieved through established brands such as Heineken, Amstel and Windhoek.

Heineken launches “Heineken 3”, mid-strength beer targeting day drinkers

Dutch brewer, Heineken unveiled its newest creation on Friday in Australia. The new brand named “Heineken 3” is a premium mid-strength extension of its famous brand with lower calories and carbs.

“Heineken 3 has only 86 calories per bottle, 5g carbs and 3.3 per cent ABV so consumers no longer have to compromise on taste and premium experience when choosing a lower calorie beer,” the company said.

It would be the first product launched by the company in 20 years. Heineken is spending AUS$6 million in a marketing blitz to get people to drink the brew.

Champion Breweries appoints Patrick Ejidoh as new Managing Director

Champion Breweries Plc, the Uyo, Akwa Ibom based brewer has appointed Patrick Ejidoh as its new Managing Director.

Mr. Ejidor takes over from Sharm Ganesh Kulkarm, who is retiring after 28 years in Nigeria, four of which was spent as Managing Director of Champion Breweries. Ejidoh holds a Masters of Business Administration (MBA) and had been the Public Affairs Manager, East for Nigerian Breweries Plc up until his recent appointment.

At a ceremony organized by the company in Uyo, Ejidoh promised to maintain the company’s profitability in managing the brewery while ensuring the optimal welfare of the employees.

Nigeria’s downturn leading to value brand switch, warns Heineken

Heineken said on Tuesday that the current economic slump in Nigeria is making beer drinkers switch to cheaper brands. “Nigerian consumers are still drinking beer,” the brewer acknowledged, but is concerned many are moving away from premium to value brands as families struggle in the face of a slowing economy and recovering from the effects of the recent currency devaluation.

Champion Breweries half-year revenue and profit rise

Champion Breweries Plc on Wednesday reported N79m net profit for the first-half of 2016, a 441% increase from last year when it earned N15m.

The Akwa Ibom based brewer said that revenue for the period grew 15% to N1.8bn, up from N1.6bn in the previous year.

The company also posted impressive results in the quarter under review, with net profit rising 305% to N22m on N958m revenue.