Asahi
Asahi Streamlines UK Beer Production with Site Consolidation
Asahi UK announced plans to streamline its beer production in the UK by consolidating operations at the Griffin Brewery in London. The company aims to close its Meantime site and relocate the production of all local beer brands, including Meantime and Dark Star, to the Griffin Brewery. This move follows the closure of the Dark Star brewery in 2022 and the subsequent integration of its operations into the Meantime brewery. Asahi intends to maintain a presence for Meantime in Greenwich by establishing a new consumer retail experience while continuing brewing activities. Asahi said Meantime and Dark Star beers will retain their distinct brand identities. By centralizing production, packaging, and distribution, Asahi anticipates improved operational efficiency and sustainability.
Britvic
Britvic Partners with LineView to Boost Production Capacity by £5.4m
Britvic collaborated with LineView Solutions to enhance production capacity at its Rugby facility by £5.4 million. Through LineView's line balancing optimization (LBO) solutions, Britvic achieved a capacity increase of £2.9 million, with an additional £2.5 million in capacity gains identified through control optimization. Over a two-week period, LineView conduced LBO training for Britvic's controls engineering team, helping them to identify and implement optimization opportunities across the business. By balancing operator and machine time effectively, Britvic improved control, accumulation, speed, and run-out times across can lines, enabling the facility to meet market demand for summer can volume.
Carlsberg
Carlsberg's Revenue Growth Expected to Rebound in 2H24
CGS International (CGSI) Research predicts that Carlsberg Brewery Malaysia Bhd's year-on-year revenue declines will reverse, with positive growth likely by the second half of 2024 (2H24). The anticipated turnaround is attributed to an expected boost in consumption demand from recovering tourist arrivals and improved economic activity in the latter part of the year. The researcher forecasts an increase in earnings before interest and tax margin for the financial year 2024 (FY24) compared to FY23, driven by improved demand leading to reduced marketing spend.
Companies
Lotte Chilsung Beverage's Delmont Secures #1 Position In Juice Category
Delmont, a flagship brand of Lotte Chilsung Beverage, secured the top position in the "2024 Korean Industry's Brand Power (K-BPI) Juice category." Since its debut in Korea in 1982, Delmont has innovated to secure its premium status. Noteworthy milestones include becoming the first beverage brand to achieve KS standards and adopting the heart-shaped Delmont Lovemark. In response to evolving consumer preferences, Delmont introduced new product categories, emphasizing health benefits and reduced sugar content. Recent launches like Delmont Orange and Grape with enhanced immunity support aim to tap growing consumer demand for healthier beverage options.
RJ Corp
Varun Beverages See Revenue Surge Despite Challenges
Varun Beverages Ltd (VBL), a significant PepsiCo franchisee, saw revenues surge 21.8% in 2023 with profit after tax up 35.6%, driven by increased sales volume and net realization per case. Despite disruptions caused by adverse weather conditions, the soft drinks industry in India demonstrated resilience, with segments like energy drinks showing remarkable expansion. Varun Beverages is commissioning new manufacturing facilities and expanding existing ones, aiming to capitalize on emerging market opportunities and meet evolving consumer preferences. Additionally, VBL's foray into snack food production, particularly manufacturing Cheetos in Morocco, presents opportunities to tap into new markets where PepsiCo lacks local manufacturing facilities
Suntory
Celsius Expands, Entering Australia and New Zealand Markets
Celsius Holdings, Inc., known for its functional energy drink Celsius, announced plans to penetrate the Australian and New Zealand markets in collaboration with Suntory Oceania. With a focus on introducing its refreshing and functional beverages to consumers in these regions, Celsius aims to leverage its successful international growth strategy. The partnership with Suntory Oceania signifies a strategic move to tap into key energy drink markets and foster consumer engagement. Sales and distribution are scheduled to commence in the second quarter of 2024, following similar agreements in Great Britain and Ireland, reflecting Celsius' intent to expand.
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