INDIA: SAB invests $10m in India beer venture
SAB has already bought a sizeable equity in Delhi-based Narang Breweries for $1.8m. It now has plans to acquire a 65% stake in Mumbai-based Associated Breweries for over Rs360m ($8m).
SAB is reported to be aiming to produce 1m hectolitres in India within seven years.
Its growth strategy in the country will centre on acquiring poorly performing brewing facilities across the country and upgrading them into world class manufacturing outfits, according to Indian sources.
This will be done with a view to making India a production base from which to sell into neighbouring Asian markets, the sources said.
The company first applied permission to form a joint venture in India with Narang in February 1999. However, clearance was held up for almost a year because of the lack of a clear cut policy for admitting foreign investments into the liquor sector.
The proposal was cleared only when SAB reworked it to form a holding company which would subsequently obtain clearance to make downstream investments.
A recent decision by the US Supreme Court will lead to a loosening of regulations regarding direct wine shipments to consumers in many states. David Robertson asks if the ruling could precipitate furt...
Disappointing second quarter results from Anheuser-Busch were far from well received by investment analysts who believe the brewer is making mistakes and more importantly failing to heed their warning...
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
The hunt for the ultimate sports drink may be at an end....
South African Breweries has defended a controversial redundancy package covering a group of former workers who claimed the deal was signed without their approval....
Former workers at South African Breweries have slammed the country's Food and Allied Workers Union for agreeing to redundancy package without their approval....
Morgan Stanley has resumed coverage of SABMiller....
The Distell Group has advised its investors on the JSE Securities Exchange that, compared to 2003/4, its earnings per share and headline earnings would increase by between 25% and 35% for the year to ...
- Craft spirits shake-out will be just the beginning
- How Treasury is rewriting the rule book - Comment
- The decline of the flagship beer brand - Comment
- Job cuts not the whole story at AB InBev - Comment
- Coca-Cola India suspends bottling operations
- Diageo brands need "fixing and nurturing" - TWE
- Diageo revamps Gordon's gin bottle in UK
- Craft Brew Alliance poised for AB InBev takeover?
- SAB shareholders granted AB InBev vote split
- Pernod deal rescues Corby's FY
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages