News
News
Mexico's Grupo Modelo forms JV with U.S. food giant Cargill
Grupo Modelo, Mexico's leading beer producer and exporter, announced that it has formed a strategic partnership with U.S. food giant Cargill at Modelo's malt plant in Idaho Falls, Idaho. The Mexican company will have a 51 percent stake in the joint venture, to be called Integrow Malt LLC, while the remaining 49 percent will be held by Cargill.
Modelo said in a filing with the Mexican Stock Exchange that the goal of the partnership is to guarantee the entire supply of high-quality barley required by Integrow Malt as well as to establish a long-term relationship with a strategic supplier of malt and barley.
He added that the joint venture will promote the best operating practices at Grupo Modelo's malt plants and breweries and make the company's supply chain more efficient.
Modelo said it chose Cargill as a partner because of that company's leadership position and prestige in the agribusiness and food industry.
According to analysts, the Idaho malt factory, one of four owned by Modelo, accounts for a third of the total malt used by the Mexican company for beer production.
Grupo Modelo, founded in 1925, is Mexico's leading beer producer and exporter with a 63.3 percent market share and has seven plants in the country with total annual installed capacity of 60 million hectoliters (1.6 billion gallons).
Grupo Modelo brews and distributes 13 brands, including Corona Extra, the No. 1 Mexican beer sold worldwide; it exports five brands and is present in 159 countries and is the exclusive importer in Mexico of Anheuser-Busch Inbev's products, including Budweiser, Bud Light and O'Doul's.
It also imports the Chinese Tsingtao brand and the Danish beer Carlsberg.
written on 16.04.2010 um 19:17.
[overview]
SABMiller to build a new brewery in Uganda
10.02.12 - Brewing giant SABMiller plc (SAB) will invest US$80m in a new brewery at its Ugandan subsidiary, Nile Breweries (NBL), doubling the company's design capacity to 3.6m hectolitres by 2013. The development of the new brewery followed a US$29m investment to expand capacity at the existing Jinja site in 2009 and a cumulative US$25.6m investment to develop maltings and effluent treatment plants in 2011, bringing the total capex for the country to over US$130m over the last three years. [more]
SABMiller Announces New Group Chief Brewer
09.02.12 - SABMiller plc announces that Professor Barry Axcell, Group Chief Brewer, will retire from the company at the end of July 2012 after almost 35 years of service with the company. Barry will be succeeded by Professor Katherine Smart as Group Chief Brewer effective 1 June 2012. Katherine is the current SABMiller Professor of Brewing Science and the Head of the School of Biosciences at The University of Nottingham. Katherine, a well-respected academic, has held this post for seven years and founded Brewing Science at the University offering research programs in malting, yeast genomics, fermentation and flavour. Barry Axcell and Katherine also developed the MSc in Brewing Science. [more]
World beer market 2011 growth picks up to 2.7 percent: report
09.02.12 - Growth in the world beer market picked up to reach 2.7 percent in 2011 as growth continued to strengthen driven by emerging markets, and is predicted to grow at 2.5 percent this year, industry research group Plato Logic said on Wednesday. The researcher upgraded its 2011 figure from its 2.5 percent volume growth estimate made back in September 2011 as the recovery in the global beer market gathered pace. [more]
We support:
