RUSSIA/TURKEY: Anadolu Efes to close Russian brewery
Anadolu Efes teamed with SABMiller in Russia in 2012
Anadolu Efes has lined up the closure of one of its breweries in Russia, as the clampdown on alcohol abuse hits beer consumption in the country.
The Turkey-based company, which is 24%-owned by SABMiller, said earlier today (18 December) that it will cease production at its brewery in the south-western town of Rostov early next year. The facility, which has a capacity of 1m hectolitres per year, represents about 5% of the firm's total capacity in Russia.
“The decision was taken after the review of the current trends in Russia,” the company said. “Anadolu Efes believes that it will be able to improve its competitiveness and efficiency and ensure sustainable success in the country taking into account both the expected synergies and the restructuring costs associated with this decision.”
SABMiller acquired the 24% stake in Anadolu Efes in January 2012 in return for handing the Turkish firm its Russian beer operations.
Only last year, Anadolu Efes posted healthy rises in both sales and profits for the nine months to September 2012, with the SABMiller partnership in Russia being credited for the performance. But, last month, the company admitted that it has been struggling with the impact of new regulations in Russia.
A staff reduction plan is “under final consideration”, Anadolu Efes said.
The company has six other breweries in Russia.
It's not like we weren't warned. After all, it was only two weeks ago that SABMiller's CEO lauded the potential for soft drinks in emerging markets....
Yesterday, SABMiller, The Coca-Cola Co and Gutsche Family Investments - the owner of Coca-Cola Sabco - announced their intention to combine their bottling operations in east and southern Africa. Here,...
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