Tag Archives: Soft drinks

AB InBev buys Energy drinks firm Hiball

Anheuser-Busch InBev on Thursday announced the acquisition of Hiball Inc – an energy drinks company based in San Francisco, California. The terms of the deal were not disclosed.

Hiball was founded in 2005 and makes a line of energy drinks with ingredients such as guarana and ginseng, as well as Alta Palla, a line of sparkling juices.

AB InBev said it plans to deliver Hiball products to new markets, while preserving their culture and brand identities.

Nigeria ranked 4th largest market in soft drinks sales globally in 2016

According to a recent released statistics, 38.68 million litres of soft drinks were sold in Nigerian in 2016.

This was disclosed by Mrs. Martina Claus, Head of Market Development, German Engineering Federation, on Wednesday at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos.

National Assembly to investigate NBC, others over harmful content in soft drinks

The Federal House of Representatives on Wednesday moved to form an ad hoc committee which would investigate the quality of products produced by the Nigerian Bottling Company Limited (“NBC”) and other soft drinks producers in the country.

Saudi Arabia to place hefty tax on Soft drinks, Energy drinks amidst dwindling oil revenue

Saudi Arabia has announced that it will place a 50% levy on sweetened beverages such as soft drinks and a 100% tax on energy drinks and cigarettes as it looks to boost revenue amid falling oil prices.

The new taxes were first proposed by the Gulf Cooperation Council (GCC) last December, but Saudi Arabia recently signed the agreement.

The country said that the increases are part of an “excise tax on harmful products”. The taxes will come into effect in April 2017.

Avon Crowncaps losses widen in Q1 despite revenue growth

Avon Crowncaps & Containers Nigeria Plc, manufacturers of screw caps, metal containers and steel drums for a diverse industry which includes beverage companies (makers of soft drinks, juice, dairy, brewers, spirits producers), pharmaceutical and oil industries among others reported a net loss of N202 million in the first quarter of 2016 (Apr – Jun) despite posting a 20% rise in revenue to N4bn, up from N3.4bn from the same period in the previous year.

Coca-Cola HBC reports 2015 revenue and profit decline on currency headwinds

Coca-Cola Hellenic (HBC) AG, the bottler of Coca-Cola products in 28 countries, including Nigeria reported a 2.5% revenue decline in 2015 full year to €6.35bn ($7bn). Profits also fell 4.9% to €280.3m for the year despite volume growth.

The company said currency devaluations reduced revenue by 5.1 percentage points.

PepsiCo sees 31% surge in fourth quarter (Q4) profits on strong U.S. economy, falling fuel prices

PepsiCo, the global soft drinks giant known for its Pepsi brand, mountain dew, among others said on Thursday that its fourth-quarter profit rose 31%. However, the Chief Executive Officer, Indra Nooyi warned that continued weaker economies abroad could upend the U.S. economy.

The snack and beverage maker reported the best performance at its North American drinks unit in three years, with U.S. consumers willing to pay more for its products on the strength of cheaper fuel prices and a strong U.S. economy.

Soft drinks giants move to reduce sugar levels in their products

Soft drinks giants such as Coca-Cola and PepsiCo have pledged they will cut sugar levels in their products ahead of a British government’s plan to levy a sugar tax.

The companies say they will introduce a series of “unprecedented” measures of their own volition, which they claim will help reduce Britain’s sugar consumption by a fifth.

Coca-Cola HBC (Q3) 2015 revenue dip on currency and pricing constraints in emerging markets

Coca-Cola HBC, the second largest-bottler of Coca-Cola products in the world, said that it shipped 5.4 per cent more cases in the third quarter of 2015, which was helped by favourable weather but exchange rates and pricing effects in emerging markets slowed growth.

The group’s total revenue of €1.77bn for the quarter was a decline of 2.7 per cent from the same period in the previous year.

Is Indonesia a market template for AJE Group in Nigeria?

AJEAST Nigeria Limited, a subsidiary of AJE Group, a Peruvian soft drink producer, with footprints in 20 countries and last year, was ranked 21 of all soft drink makers globally by Euromonitor, with sales of about $2bn, made its debut in Nigerian in October.

At the launch of the BIG Cola brand and its variants (Cola, Lemon, and Orange) at their production facility in Agbara Industrial Estate, Mr. Theo Williams, Country Manager for AJE said, “The focus is about consumers, AJE in Nigeria is to offer BIG for everybody, we are giving more for less. We want to ensure that consumers get something affordable that they can share with families and friends.