Turkey: Latest beverage news & analysis
Coca-Cola Icecek has “re-energised” its sparkling category with strong growth for Coca-Cola brands, the company's CEO has said.
Coca-Cola Icecek will rebound in Turkey next year after weak consumer confidence hurts this year's volumes, an analyst has predicted.
Turkey's ban on off-trade alcohol sales after 22:00 will hit Anadolu Efes the hardest in the near-term, but it is excise tax rates that will determine whether the country's beer market recovers, according to an analyst.
As Turkish authorities kept watch over Taksim Square following a month of anti-government protests, the country's alcohol industry was bracing itself for its own crackdown.
Yesterday, Turkish beer and soft drinks producer Anadolu Efes reported its figures for the first three months of 2013. Here, just-drinks looks at the company's performance by category and by region.
Tetra Pak is to spend EUR36m (US$49m) to double capacity at a Turkish packaging plant as the company targets growing demand for innovation.
Coca-Cola Icecek has posted a strong jump in net sales and volumes as its international arm continued to expand.
Anadolu Efes has posted a double-digit rise in first-quarter sales, but its bottom line was hampered by exchange rate pressures and the impact of a one-off gain in the prior year.
Turkish group Tat Gida Sanayi has agreed to acquire a 50% stake in local juice maker Tedi Icecek from soft drinks firm Maspex-Gmw, according to reports.
Anadolu Efes has given a new “contemporary” look to its beer portfolio.
Anadolu Efes is continuing to struggle with the impact of new regulations in its key beer markets of Turkey and Russia, with year-to-date beer volumes down 13.5%.
Anadolu Efes has promoted the CEO of its Coca-Cola Icecek unit to be its next leader.
Anadolu Efes has reported a double-digit drop in first-half domestic and international beer volumes but its bottom line continues to benefit from consolidating Coca-Cola Icecek into its results.
Coca-Cola Icecek (CCI) has posted a sharp rise in first-half profits and sales helped by surging overseas performances that outpaced a Q2 slowdown in Turkey.
Anadolu Efes has reported a single-digit rise in first-half group volumes, but its beer business continues to suffer with little improvement in prospect this year.
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