SABMiller will release its second-quarter and half-year results on Thursday (21 November). Here, just-drinks takes a look at the highs and lows for the brewer in the three months to the end of September.
- In July, SABMiller went on the offensive in Mexico after a judge approved a range of commitments made by Heineken-owned Cuauhtémoc Moctezuma and Anheuser-Busch InBev-owned Grupo Modelo. The commitments were sparked by a SABMiller complaint that the beer market in Mexico is uncompetitive, but SABMiller said they did not go far enough. In August, a court agreed to hear SABMiller’s appeal.
- In South Africa, SABMiller is on the other end of anti-competition complaints. A long-running case came to light again in July when a tribunal heard fresh evidence relating to allegations that SABMiller flouted the country’s competition laws via distribution and pricing activities between 2004 and 2007. SABMiller denies the accusations.
- At an investor presentation in London in July, SABMiller predicted a medium-term mid-single digit volume growth in its Asia Pacific region, with China driving the rise.
- In August, SABMiller opened its second brewery in Uganda as it sought to relieve capacity pressures in the country.
- At the same time, the brewer announced it was to increase production of its Chibuku Super brand in Zambia with a new US$24m production plant.
- In September, SABMiller CEO Alan Clark said that consolidation in the global brewing market still had some distance to run, despite a recent lull in M&A.
- In the same month, there was good news in China, as SABMiller’s joint-venture completed its $864m acquisition of Kingway Brewery Holdings.
- The news in September that Graham Mackay had returned to his chairman’s post after undergoing surgery earlier this year for a brain tumour was sadly followed by a report this week that Mackay had suffered a relapse. John Manser has been re-instated as acting chairman.
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