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E-Malt.com Newsletter 04b
January 28 - January 31, 2016
Quote of the Week
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Currency Rates
Base Currency: US Dollar
on January 29, 2016 |
Base Currency: Canadian Dollar
on January 29, 2016 |
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1 USD = 0.9165 EUR
1 USD = 0.6995 GBP
1 USD = 1.4079 CAD
1 USD = 1.4159 AUD
1 USD = 118.7200 JPY
1 USD = 4.0913 BRL
1 USD = 77.3674 RUB
1 USD = 6.5753 CNY
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1 CAD = 0.7102 USD
1 CAD = 0.4967 GBP
1 CAD = 0.6509 EUR
1 CAD = 1.0055 AUD
1 CAD = 84.3100 JPY
1 CAD = 2.9054 BRL
1 CAD = 54.6242 RUB
1 CAD = 4.6695 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, IL: Romeoville’s Metal Monkey Brewing to open its doors to the public on January 30
...Click here
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USA, CA: Three Mile Brewing Company to open in Davis next month
...Click here
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USA, VA: Jack’s Run Brewing Co owners close to purchasing facility in Purcellville
...Click here
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USA, ID: Payette Brewing adding Seattle to its distribution footprint
...Click here
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USA, IN: Hoosier Brewing Co. plans to move to bigger location
...Click here
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USA, WI: Fool’s Cap Brewing hoping to open its doors in Madison by this fall
...Click here
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USA, MI & IL & PA: Short’s Brewing Co. decides to expand distribution to Illinois and Pennsylvania
...Click here
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USA, CA & WA: Knee Deep Brewing’s beers arrive in Washington
...Click here
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USA, MI: Plans for microbrewery receive preliminary approval from the Buchanan Township Planning Commission
...Click here
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China: AB InBev will try to keep SABMiller’s stake in CR Snow - sources
...Click here
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World: Diageo reports lower first-half operating profit on slumping sales in North America
...Click here
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India: United Spirits posts 45% drop in net profit for quarter to December 31
...Click here
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World: AB InBev cancels $42.5 billion of a record $75 billion senior acquisition loan
...Click here
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Russia: Russia may remove or cut export tax on wheat, impose one on barley and maize instead
...Click here
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World: Private equity firm KKR reportedly back in tender for Peroni, Grolsch beer brandsb
...Click here
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Brazil: Boiler explosion kills two workers, injures three others at Heineken brewery in Sao Paulo state
...Click here
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UK: AB InBev expands non-alcoholic beer offering with Beck’s Blue Lemon
...Click here
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Mozambique & UK: Mozambican beer to become available at Nando’s restaurants across the UK in April
...Click here
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Graph of the Week
Table of the Week
France Barley Exports
Prices Evolution
Barley Prices
Canadian Malting and Feed Barley Prices
US Malting and Feed Barley Prices
French Malting and Feed Barley Prices
German Malting Barley Prices
Theoretical Malt Prices
Canadian Malt Prices
US Malt Prices
Theoretical EU Malt Prices
These Days in Business History
28 January
1878 - 1st telephone exchange (New Haven, CT)
1878 - Yale Daily News published, 1st college daily newspaper
1998 - Michelangelo's "Christ & the Woman of Samaria", sold for $7.4 million
29 January
1886 - 1st successful gasoline-driven car patented, Karl Benz, Karlsruhe
1986 - 193.8 million shares traded in NY Stock Exchange
1988 - United Airlines Boeing 747SP, circles world in 36h54m15s
30 January
1922 - World Law Day, 1st celebrated
1951 - Ferdinand Porsche, German car inventor (Porsche), dies at 75
1995 - Belgium's TV channel 2 in Flanders goes on the air
31 January
1956 - The twist off bottle cap is invented
1973 - Ragnar Frisch Norwegian economist (Nobel 1969), dies at 77
1990 - McDonald's opens its first restaurant in Russia
2010 - Avatar becomes the first film to gross over $2 billion worldwide
Agenda
February 2016:
05-07: Alltech Craft Brews & Food Fair 2016 (Dublin, Ireland)
06-07: Bruges Beer Festival 2016 (Bruges, Belgium)
17-20: Camra's National Winter Ales Festival 2016 (Derby, UK)
19-21: Finest Spirits 2016 (Munich, Germany)
20-23: Beer Attraction 2016 (Rimini, Italy)
26-28: Brau Kunst Live 2016 (Munich, Germany)
March 2016:
01-03: ProPak Vietnam 2016 (Ho Chi Minh City, Vietnam)
04-06: Barcelona Beer Festival 2016 (Barcelona, Spain)
07-09: VLB Brewing and Engineering Conference 2016 (Soest, Germany)
09-12: Brazilian Beer Festival 2016 (Blumenau, Brazil)
12: Festival de Cerveza Artesanal 2016 (San Jose, Costa Rica)
14-18: IBD Asia Pacific Convention 2016 (Sydney, Australia)
16-18: BeerX 2016 (Sheffield, UK)
16-18: Expo Antad & Alimentaria Mexico 2016 (Mexico City, Mexico)
23-25: St. Petersburg Brewers Forum 2016 (St. Petersburg, Russia)
April 2016:
03-07: Trends in Brewing 2016 (Ghent, Belgium)
07-09: Warsaw Beer Festival 2016 (Warsaw, Poland)
13-15: Siberian Beer 2016 (Novosibirsk, Russia)
15-16: Helsinki Beer Festival 2016 (Helsinki, Finland)
23-24: Zythos Beer Festival 2016 (Leuven, Belgium)
May 2016:
03-06: Craft Brewers Conference & BrewExpo America 2016 (Philadelphia, USA)
17-20: Beer (Pivo) 2016 (Sochi, Russia)
18-19: Brewing Equipment and Technology 2016 (Birmingham, UK)
19-21: Copenhagen Beer Festival 2016 (Copenhagen, Denmark)
20-18 June: Great Australian Beer Spectacular (GABS) 2016 (Melbourne - Sydney - Auckland, Australia)
25-29: Latvia Beer Fest 2016 (Riga, Latvia)
June 2016:
08-12: Mondial de la Biere 2016 (Montreal, Canada)
09-11: South Beer Cup 2016 (Curitiba, Brazil)
14-16: Shanghai International Brew & Beverage Manufacturing Technology and Equipment 2016 (Shanghai, China)
July 2016:
07-10: Artbeerfest 2016 (Caminha, Portugal)
13-15: ProPack China 2016 (Shanghai, China)
August 2016:
05-07: The 20th International Berlin Beer Festival (Berlin, Germany)
09-13: The Great British Beer Festival 2016 (London, UK)
10-13: Vietfood & Beverage - ProPack 2016 (Ho Chi Minh, Vietnam)
13-17: World Brewing Congress 2016 (Denver, USA)
September 2016:
08-10: Irish Craft Beer Festival 2016 (Dublin, Ireland)
14-15: Food and Drink Technology Africa 2016 (Johannesburg, South Africa)
19-03 October: Oktoberfest 2016 (Munich, Germany)
24-25: Whisky Live Paris 2016 (Paris, France)
26-28: VLB Ibero-American VLB Symposium 2016 (Santiago de Chile, Chile)
28-30: Beer and Soft Drinks Industry - 2016 (Kyiv, Ukraine)
29-01 October: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
October 2016:
06-08: Stockholm Beer & Whisky Festival 2016 (Stockholm, Sweden)
06-08: Great American Beer Festival 2016 (Denver, USA)
11-14: China Brew, China Beverage 2016 (Shanghai, China)
21-23: The Finest Spirits & Beer Convention 2016 (Bochum, Germany)
November 2016:
08-10: Brau Beviale 2016 (Nuremberg, Germany)
09-12: Vietfood & Beverage - ProPack 2016 (Hanoi, Vietnam)
December 2016:
15-17: drink technology India 2016 (Mumbai, India)
More events are available on site www.e-malt.com
News Articles
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USA, IL: Romeoville’s Metal Monkey Brewing to open its doors to the public on January 30
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Metal Monkey Brewing will officially open to the public on Saturday, Jan. 30 at 11 a.m. at 515 Anderson #900 in Romeoville, The Bugle reported.
With more than a decade of brewing experience, Metal Monkey Brewing offers a unique craft beer experience that has already received numerous awards. Metal Monkey is known to use locally sourced ingredients in all small-batch, hand-crafted brews.
Metal Monkey will serve limited amounts of beer in the tasting room and patrons will be allowed to purchase growlers for off-site consumption.
The grand opening will be held from 11 a.m. to 11.p.m. Calihan catering will be providing appetizers and finger foods in the beginning of the day and the Chicago Pizza Boss food truck will be onsite beginning at 2 p.m.
The following will be on tap for the grand opening: Fantasy Bowling League – a lemon drop hopped Kolsch; Bikini Bottom – pineapple gose; Simian Fever – hibiscus wheat; Monkey Knife Fight – Amarillo pale ale; Tony’s Car – double IPA; and Fonkey Mucker – chocolate peanut butter Russian imperial stout.
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USA, CA: Three Mile Brewing Company to open in Davis next month
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Davis beer enthusiasts will have a new reason to celebrate when Three Mile Brewing Company opens in Downtown Davis next month. With Sudwerk Brewery currently being the only brewery in Davis, Three Mile Brewing Company will be the second, and the first to open in Downtown Davis, The Aggie reported on January 26.
The seven founding members of Three Mile have been friends and brewing beer together for 15 years. The business name was inspired by the ban on alcohol within a three-mile radius of the UC Davis campus, which was in effect from 1911 to 1979.
The Three Mile team started a Kickstarter campaign in the beginning of November 2015 to raise funds to open the business. By the end of the month, the team had already surpassed their fundraising goal, raising over $16,000.
“Three Mile Brewing Company is headquartered in Davis, CA. Land of bikes, cool hippies, UC Davis and a ton of beer lovers that are clamoring for another local, dynamic, craft brewing company that delivers top notch beer,” says the team’s Kickstarter page.
Founder Joe Runner cited the company’s unique production system as a distinguishing factor of Three Mile Brewing Company.
“What we are doing that’s unique is producing every beer
...More info on site
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USA, VA: Jack’s Run Brewing Co owners close to purchasing facility in Purcellville
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After more than 10 years brewing beer at home and winning multiple competitions, Al Bosco and Eric Mathewson have always had a dream to open their own brewery, Loudoun Times-Mirror reported on January 28.
When they recently found the perfect space at 108 N. 21st St. in Purcellville, they were ready to turn their dream into a reality.
Bosco and Mathewson have hired Dave Trombley to serve as general manager of the operation. They are buying the building and will close on it Feb. 8.
“We are working with an architect and designers to build out the space,” Trombley said. “We hope to open in May.”
The building, which was formerly Shamrock Music Shoppe, is 3,800 square feet, and the brewery will utilize two floors. The first floor will showcase their brewing equipment and will have a bar area with seating. The second floor will feature a space that can be sectioned off for group events, and will also have a large outdoor patio in the back.
They plan to use local catering options and will bring in food from outside vendors, including Monk’s BBQ and Jose’s White Palace across the street, Trombley said.
The name for the brewery, “Jack’s Run” comes from a creek located
...More info on site
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USA, ID: Payette Brewing adding Seattle to its distribution footprint
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Payette Brewing is adding Seattle to its distribution footprint beginning mid-February with Rustler IPA, North Fork Lager, and Rodeo Rye Pale (Spring Seasonal), Brewbound reported on January 28.
Payette was the first Idaho brewery to can beer and it excited to bring their products in draft and canned form to more consumers in the Northwest with The Odom Corporation.
Founder Mike Francis’s brewery dreams first started in Seattle. The UW alum and former Boeing engineer has grown his post-it note brewery into Idaho’s largest brewery after moving back to Idaho and launching distribution into Seattle is a huge milestone for Payette.
“I brewed my first batch of homebrew in my Ravenna apartment almost 10 years ago. My time living in Seattle and experiencing the amazing craft beer scene inspired me to attend brewing school and want to open a brewery. Being able to share Payette beer throughout Seattle is something I’ve been looking forward to since the day I moved back to Boise,” says Francis.
A couple months shy of their fifth anniversary, Payette Brewing is available in five northwest states and looking to expand to additional markets upon completion of its second production facility in Boise, ID. Payette’s River Street brewery is
...More info on site
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USA, IN: Hoosier Brewing Co. plans to move to bigger location
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A Shelby County brewing company and restaurant plans to move its business to Johnson County after receiving financial assistance from the Franklin Development Commission, Indianapolis Business Journal reported on January 27.
Hoosier Brewing Co., founded in Fairland in July 2014, said it plans a late-spring move to the east side of Franklin, where it intends to expand operations from five to 50 employees over the next five years.
The Franklin Redevelopment Commission said the company has been awarded grant money that will help it open the 5,000-square-foot restaurant and additional brewery space in a remodeled shopping center off King Street near Interstate 65. The vacant space previously contained a tanning parlor and a bar.
The location is in the middle of an area where Franklin has committed to spending about $22 million in infrastructure and road improvements. Mayor Joe McGuinness envisions the area becoming a gateway to the community.
The commission said Hoosier Brewing planned to have at least 15 restaurant and brewery employees making an average yearly income of $49,000 in its first year of operations in the new facility.
The Daily Journal of Franklin said the company would receive $138,000 in conditional financial incentives to cover renovation costs, with the possibility of receiving
...More info on site
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USA, WI: Fool’s Cap Brewing hoping to open its doors in Madison by this fall
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Beer, mead and whiskey: soon, the area along East Washington Avenue on Madison’s near east side will provide locally-made versions of all three, Madison.com reported on January 28.
Fool’s Cap Brewing Company, a new Madison craft brewery, is hoping to open its doors at 849 E. Washington Ave. by this fall.
Fool’s Cap will be located in the same building as Bos Meadery, which opened in February of last year, and within blocks of Old Sugar Distillery, 931 E. Main St., which produces whiskey, brandy, rum, ouzo and a honey liqueur.
The neighborhood, which is still comprised primarily of industrial buildings, warehouses and lots, is becoming more attractive to business owners as a number of new apartment buildings attract young professionals.
“We initially identified that corridor as being an ideal space for what we wanted to do,” said Lance McNaughton, president of Fool’s Cap Brewing Company. “If you look at the demographics buying craft beer, the whole region is being designed for the very people we want to sell to.”
Old Sugar Distillery was the first craft beverage producer to move into the area, opening in 2010.
“It was kind of an ideal mixture of different things,” said Nathan Greenawalt, founder of the distillery, of his
...More info on site
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USA, MI & IL & PA: Short’s Brewing Co. decides to expand distribution to Illinois and Pennsylvania
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A Northern Michigan craft brewer has decided to expand the distribution footprint of its products to out-of-state markets for the first time, MiBiz reported on January 28.
While it had once proclaimed it claimed it would remain “Michigan only, Michigan forever,” Short’s Brewing Co. of Bellaire and Elk Rapids has decided to start selling its Short’s brand of beers and Starcut Ciders in Illinois and Pennsylvania, a market where the company had a relationship with a distributor.
The reason: The company has an excess capacity of 10,000 to 12,000 barrels per year at its brewery and saw its growth within Michigan start to become capped, according to CFO Brian Beckwith.
“We’re not growing just for the sake of growing, we’re growing to use up capacity we have,” Beckwith said, noting Short’s has the capacity to brew 52,000 to 53,000 barrels of beer annually.
Calling the move purely a business decision, one that came after considerable discussion within the company, Beckwith said Short’s remains in the “exploration phase” to get licensed in other states and then approach distributors about possible further geographic expansion.
“We thought Michigan would absorb all beer we could make,” he said. “(Expanding distribution) was a very difficult decision that we debated over
...More info on site
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USA, CA & WA: Knee Deep Brewing’s beers arrive in Washington
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Knee Deep Brewing Company of Auburn, California just announced that its beers have arrived in Washington. The brewery partnered with Alpha Distributing which will distribute the beer in Seattle and the surrounding areas, Seattlepi.com reported on January 27
“We are making a push, and have launched into the third state within two months and we are pleased to announce the partnership with Alpha Distributing who will cover Seattle and the surrounding counties,” said Andrew Moore, Manager of Knee Deep.
“Alpha has some awesome suppliers in their portfolio and we know Knee Deep will fit in perfectly. Seattle is a booming market and we are more than excited to sell our brand up there.”
“All of us here at Alpha Distributing are excited to add the excellent beers of Knee Deep Brewing Company to our portfolio,” said Jeff Bert, Co-Owner of Alpha Distributing. “We have been keeping our eyes on these guys for a while now” Bert said, “the timing is right for both of us to work together bringing Western WA some great offerings from this up and coming brewery.”
Knee Deep Brewing Company began brewing in 2010, moved to their current brewery in Auburn in late 2013 and brewed the first Auburn beer
...More info on site
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USA, MI: Plans for microbrewery receive preliminary approval from the Buchanan Township Planning Commission
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Plans for a new microbrewery that would be part of a larger complex in Buchanan Township received preliminary approval on January 27 from the Buchanan Township Planning Commission, South Bend Tribune reported.
Flatwater Farms hopes to build the microbrewery off of Walton Road in the northeast part of the township. The planning commission meeting was for the company's request for a special land use permit to build the microbrewery.
The matter will now go to the Buchanan Township Board, which will have the final say on granting the permit. No date has been set for that vote.
This week's meeting continued the process started last fall when Flatwater Farms got the land rezoned from residential to agricultural after promising that it would not have any animal feed lot on the land.
Flatwater Farms owns 100 acres there, 30 acres in Buchanan Township and 70 acres in Niles Township. The business already grows organic hops in Buchanan Township and other crops such as corn, sorghum, herbs, flowers, vegetables and fruits.
Flatwater Farms representative Brian Dougherty said the goal is not only to be able to have an organic microbrewery using the hops grown on site, but also to make this area a destination. "We want to
...More info on site
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China: AB InBev will try to keep SABMiller’s stake in CR Snow - sources
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Anheuser-Busch InBev NV will try to defy conventional wisdom and hold on to SABMiller PLC’s China beer business CR Snow, The Wall Street Journal
...More info on site
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World: Diageo reports lower first-half operating profit on slumping sales in North America
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Diageo PLC reported lower first-half operating profit on the back of slumping sales in North America, underscoring the pressure on Chief Executive Ivan Menezes
...More info on site
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India: United Spirits posts 45% drop in net profit for quarter to December 31
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India’s largest liquor company United Spirits Ltd (USL) posted a 45% drop in net profit for the quarter ended 31 December on account of
...More info on site
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World: AB InBev cancels $42.5 billion of a record $75 billion senior acquisition loan
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Anheuser-Busch InBev said on January 28 that it had cancelled $42.5 billion of a record $75 billion senior acquisition loan after raising a hugely
...More info on site
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Russia: Russia may remove or cut export tax on wheat, impose one on barley and maize instead
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Russia will consider removing or cutting an export tax on wheat and imposing one on barley and corn (maize) exports, First Deputy Agriculture Minister
...More info on site
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World: Private equity firm KKR reportedly back in tender for Peroni, Grolsch beer brandsb
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The line-up of bidders for SABMiller‘s Peroni and Grolsch beers has changed, with U.S. private equity firm KKR replacing Bain Capital, which was unwilling to engage in a bidding war with industry players, Thomson Reuters reported on January 27 citing three sources familiar with the matter.
KKR was not initially shortlisted as one of the final bidders for the brands being unloaded by Anheuser-Busch InBev to smooth its $100 billion-plus takeover of SAB. However, it was later readmitted to the auction after sweetening its bid, said one of the sources.
Other private equity funds including BC Partners backed away earlier in the process, which is expected to wrap up in March.
“Price expectations were pure madness,” said one of the sources, who declined to be identified as the matter is confidential.
AB InBev, the maker of Budweiser, values the brands at no less than 2.5 billion euros ($2.73 billion), said the source, noting that strategic players were well placed to outbid private equity firms, given possible synergies.
Another bidder for the package, which also includes London craft beer Meantime, is Zurich-based investment firm Jacobs Holding, the sources said.
Jacobs, which owns 50 percent of Swiss chocolate company Barry Callebaut, had no comment.
Reuters reported on Jan. 21
...More info on site
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Brazil: Boiler explosion kills two workers, injures three others at Heineken brewery in Sao Paulo state
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A boiler explosion at a Heineken beer factory in Brazil on January 26 killed two workers and injured three others, one of them seriously, the company confirmed.
The workers were employed by a subcontractor hired by the factory in Jacarei, in the interior of Sao Paulo state, and at the time of the accident they were performing tests on one of the boilers, Fox News Latino reported.
According to the metalworkers' union of Sao Jose dos Campos, the blast occurred at 9 a.m. and destroyed part of the facility.
The union said that the cause of the accident is still not known and, in a communique, demanded a "rigorous investigation" into the incident.
Heineken, meanwhile, expressed its regret over the accident and said that it is in contact with the subcontractors to offer support to the people affected by the explosion.
In a press release, the company said that the factory has temporarily suspended its production operations.
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UK: AB InBev expands non-alcoholic beer offering with Beck’s Blue Lemon
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AB InBev has expanded its non-alcoholic beer range in the UK with new flavour Beck’s Blue Lemon, The Grocer reported on January 27.
With sales up 20% last year to £14.6 mln, Beck’s Blue is the UK’s bestselling non-alcoholic beer [Nielsen 52 w/e 10 October 2015].
Heineken introduced a 0.0% abv version of its lemon flavour Foster’s Radler in 2014, while last February saw Carlsberg’s San Miguel enter the alcohol-free market, with both standard and Limon versions. Carlsberg followed this with an alcohol-free version of its flagship brand in June.
Lemon flavours have also been popular in the lower abv beer segment, with popular products including Carling Zest, Foster’s Radler, and Carlsberg Citrus, all 2% - 2.8% abv.
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Mozambique & UK: Mozambican beer to become available at Nando’s restaurants across the UK in April
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Mozambican brewery Cervejas de Moçambique (CDM) will start supplying its popular 2M beer to Mozambique-themed chicken restaurant Nando’s across the UK from April, Zitamar News reported on January 28.
The company, a subsidiary of brewing giant SABMiller, “plans to start supplying Nando’s UK with its 2M lager from April,” said a CDM spokesperson. Nando’s is pricing the beer at £3.70 per 330ml bottle.
Nando’s has 1,049 restaurants worldwide with the largest number (339) in the UK, according to a website run by the company’s fans. Nando’s UK currently stocks Portuguese beers Sagres and Superbock, along with Brazil’s Brahma and Savanna Cider from South Africa.
Nando’s has started stocking 2M in selected restaurants over recent weeks as a pilot scheme, but CDM will start shipping the lager to the UK in significant quantities from April.
The deal will be a welcome boost for CDM, which saw profits fall 3% last year to MT1.4 billion. The company reported a 2% fall in beer sales in its 2014 results though sales of lager were up 12% year on year, with almost 1 hectolitre sold over the 12-month period.
The deal is also a timely boost for Mozambique’s economy, with the central bank and finance ministry having recently emphasised
...More info on site
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