INDIA/US: A-B silent as report names local partner
Anheuser-Busch has stayed silent on reports in India that it has decided on a local venture partner in the fast-growing beer market.
The Budweiser brewing giant has been mulling whether to enter India for months. A report in India's Economic Times newspaper said yesterday (23 January) that A-B has decided to set up a venture with Crown Breweries in Hyderabad.
The report also said that A-B has appointed a key marketing executive, Robert Newman, to lead the business and named S Cariappa, an ex-SABMiller employee, to lead its brewing operations.
However, when contacted by just-drinks today, A-B declined to comment, saying only that it is still weighing up plans to enter the market.
Last month, Steve Burrows, president and CEO of A-B's international operations, told just-drinks that the brewer would decide whether to enter India "probably within three months".
After talks with a number of players in India, the US brewer has settled on one unnamed target and is deciding whether to make a formal approach.
"Internally, we've settled on who to approach and we're now in the process of making sure that any approach meets our strict financial criteria for entry into India," Burrows then said.
The world's brewing giants believe the booming Indian beer market will be a vital growth market in years to come thanks to growing disposable incomes and a burgeoning middle class in the country.
United Breweries, in which Scottish & Newcastle owns a 37.5% stake, and SABMiller are the two largest brewers in India, holding a combined 80% of the market. This year, Heineken's Asian brewing partner, Asia Pacific Breweries and, more recently, Carlsberg have also signalled their entries into a market growing at around 7% a year.
Anheuser-Busch has lined up a super-premium natural spring water for distribution in the US....
Heineken has raised its forecast for organic net profit growth for the full-year....
Heineken has appointed a new managing director for its UK division....
Budejovicky Budvar has seen beer exports to the US leap in the first half of this year....
SABMiller has announced that its wholly owned subsidiary SABSA Holdings has successfully priced a five-year ZAR1.6bn (US$229.4m) note issue in South Africa....
US brewing giant Anheuser-Busch is embroiled in a clash with the Wisconsin-based craft brewer Capital Brewery Company over the latter's attempts to trademark the phrase "America's No. 1 Rated Brewery"...
Heineken NV has appointed of Stefan Orlowski as group commerce director, effective 1 October 1, 2007...
SABMiller has confirmed its interest in potential acquisitions with Colombian spirit companies....
- What Brexit means for drinks industry? - Analysis
- Is there a future for the global beer brand?
- How soft drinks can win big with adult consumers
- Global director int'l brands, Heineken - Interview
- Non-Scotch Whisky Essentials, Part I
- The UK Referendum - just-drinks Live Blog
- Absolut rebound paints rosy picture for Pernod
- SABMiller confirms price paid for Meantime
- Aldi dealt alcohol sales blow in Australia
- Maxxium eyes US$1.4bn opportunity in UK spirits
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Spirits and Wine: Corporate Overview
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends