INDIA: Cobra drives expansion, ponders public listing
Cobra Beer plans to set up its own Greenfield brewery in either Andra Pradesh or Maharstra, and is considering a public listing in India this year.
Speaking to just-drinks today (16 April) Cobra India confirmed that it plans to invest US$100m by 2010 in building and acquiring breweries in India.
Cobra India's managing director Poonam Chandel said: "We should have a clearer picture by June."
Chandel added it would take around US$30m to set up a brewery in India, adding: "Being new to the market has its advantages. It is easier to create an USP we believe we have a better product and it tastes better, apart from having premium packaging".
Cobra recently acquired a 76% stake in Iceberg brewery in Bihar and has bottling arrangements with eight Indian breweries.
Rising consumer interest in speciality beers presents definite opportunities for the dark beer category, writes Catherine Mars of Euromonitor International....
SABMiller has launched a new beer brand across India to complement its Royal Challenge Premium lager brand in the country....
Cobra Beer has introduced a new design for its Cobra 5% premium beer cans in the UK....
SABMiller has said it has "no plans" to launch its Redd's flavoured beer brand in the UK, contrary to reports this week....
United Breweries is set to launch two new beers in a bid to compete head-to-head with international premium brands like Carlsberg and Budweiser in India....
Carlsberg is to expand sales of its Okocim Palone beer across India, the firm has said....
Some of the drinks industry's biggest names are thought to be eyeing Australian group Foster's, just-drinks understands....
Scotch whisky group Whyte & Mackay has said its performance for the year looks "very healthy", offering more evidence that Scotch has bucked an economic downturn....
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