INDIA: Anheuser-Busch still mulling options
Anheuser-Busch has insisted no decision has been made on plans to invest in India, despite local press reports claiming the brewing giant has approved a venture near Hyderabad.
Speculation has been rife in recent months that A-B is keen to enter India, as it looks to tap into a market growing by 6-7% a year. In July, local newspapers reported that senior management from the Budweiser brewer had met with officials from Crown Breweries, a greenfield project based outside Hyderabad.
A report in Indian newspaper The Economic Times yesterday (4 October) said that A-B has decided to go ahead with a joint venture with Crown.
However, Steve Burrows, president and CEO of A-B's international arm, said: "Anheuser-Busch is exploring various options for participating in the Indian beer market, however no decision has been made on a potential investment in this market."
He added that rising beer consumption in India and the country's growing economy made it "an attractive, long-term business opportunity".
A-B, which has been active in investing in China's fast-growing beer market, has been left behind in the race to gain a foothold in India.
The market is dominated by United Breweries and SABMiller, while Heineken and Asian partner Asia Pacific Breweries have this year invested in a local brewer and announced plans to build on a greenfield site.
Major brewing groups are clamouring to get into India, which, by dint of its young population, expanding economy and rising personal disposable income offers huge growth potential. International group...
Analysts have played down the prospect of Dutch brewing giant Heineken bidding for UK-based rival Scottish & Newcastle. Shares in S&N rose this morning (30 March) as the market buzzed with speculation...
SABMiller has defended its decision not to pursue acquisitions in Russia after announcing that it is to build its second brewery in the country. The London-listed brewing giant said today (29 March) t...
SABMiller is to build its second brewery in Russia as it looks to capitalise on growing sales in the country....
Carlsberg has insisted it has no plans to quit the UK despite its position as the number four brewer in what remains a challenging market....
SABMiller has displayed no let up in the battle to wrest back its share of South Africa's premium beer category with the launch of an upmarket brand....
Vietnam's largest brewer Sabeco is reportedly planning to sell 20% of its shares in an IPO....
SABMiller has unveiled its first steps to wrest back share in South Africa's buoyant premium beer segment with the launch of Peroni Nastro Azzurro on draught....
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Tomorrow's Market Trends - Scotch Whisky III
- Protein interest offers drinks opportunities - NPD
- Key Brands Performance - Scotch Whisky IV
- Analysts clash over AB InBev SAB Brexit impact
- Pernod switches Travel Retail Europe op's director
- AB InBev unveils Stella Artois three-packs
- Beam Suntory names CFO, makes structural changes
- Rum "yet to maximise" GTR potential - Bacardi
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Consumer and Market Insights: Wine Market in China