If you want to see this letter from our site, please follow this link. https://www.e-malt.com/Publications.asp?19310
E-Malt.com NewsLetter

RombBullet Quote of the week
RombBullet Currency rates
RombBullet Brewers equities
RombBullet Market prices change trend
RombBullet Industry news
RombBullet Graph of the week
RombBullet Table of the week
RombBullet Prices evolution
RombBullet Barley prices
RombBullet Theoretical malt prices
RombBullet Business history
RombBullet Agenda
RombBullet News articles




Last five Flashes



Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.



Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.



Last five prices evolution




Access to E-malt.com


Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.


 UNSUBSCRIBE YOUR E-MAIL 
from our mailing list.
  SEND A MAIL TO US  
   info@e-malt.com   

Please take into consideration your registration data.


E-Malt.com Flash 09a
February 26 - February 28, 2024


Quote of the Week

Anyone can drink beer, but it takes an intelligence to enjoy beer.
Stephen Beaumont

             You are one of the 54,000 professionals of the brewing and malting industries from 195 countries receiving our free bi-weekly E-malt Newsletters published since 2001. You seem to be pleased by getting them as we have registered something like 3 mln readings.
             To keep the high level of this informative reservoir in both brewing and malting industries and in order to continue to improve it we have to request a small contribution for full access to E-malt.com information.
             The majority of our readers have responded positively thus giving us the possibility to keep developing this global informative reference.
             A one-year membership costs only 192,- Euros and gives you full access to both our Full Bi-weekly Newsletter and website www.e-malt.com.

             You can pay by credit/debit card or bank transfer (against invoice). Ordering is simple, use our online secure ordering system: click hereunder to begin - you can have access in just 5 minutes!

CLICK HEREUNDER TO SUBSCRIBE
One-year individual subscription: EUR223.00
Two-year individual subscription: EUR395.00
Save money when your colleagues join:

One-year group subscription for 2-5 members: EUR460.00
One-year group subscription for 6-10 members: EUR685.00
One-year group subscription for 11-20 members: EUR910.00
One-year group subscription for 21-50 members: EUR1,214.00
One-year group subscription for 51-100 members: EUR1,519.00
One-year group subscription for 101 and more members: EUR1,851.00

For a personal service contact our Membership staff :
Email : info@e-malt.com
Direct line : +32 (0)87 681381; Fax : +32 (0)87 352234
If calling, please note our office hours are 9am - 5pm (Belgium time)



Currency Rates


Base Currency: Euro
on February 28, 2024
Base Currency: US Dollar
on February 28, 2024
      1 EUR = 1.0850 USD
1 EUR = 0.8554 GBP
1 EUR = 1.4657 CAD
1 EUR = 1.6578 AUD
1 EUR = 163.1960 JPY
1 EUR = 5.3824 BRL
1 EUR = 99.5267 RUB
1 EUR = 7.8084 CNY
      1 USD = 0.9216 EUR
1 USD = 0.7884 GBP
1 USD = 1.3510 CAD
1 USD = 1.5278 AUD
1 USD = 150.4080 JPY
1 USD = 4.9609 BRL
1 USD = 91.7338 RUB
1 USD = 7.1970 CNY


Currency Rates Chart

Equities of the Largest Breweries

Breweries Equities

Average Market Prices Change Trend


February 28, 2024
French Barley/Malt
Crop 2023
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 258.00-260.00 up0.39%
6RW Malting Barley (FOB Creil) 182.00-184.00 -
Feed Barley (FOB Creil) 169.00-171.00 up0.59%
2RS Malt (FOB Antwerp) 598.50-600.50 up0.21%
6RW Malt (FOB Antwerp) 634.50-636.50 up0.19%
French Barley/Malt
Crop 2024
Bulk
EUR/T %
2RS Malting Barley (FOB Creil) 244.00-246.00 up6.52%
6RW Malting Barley (FOB Creil) 209.00-211.00 up1.94%
2RS Malt (FOB Antwerp) 589.00-591.00 up3.23%
6RW Malt (FOB Antwerp) 546.00-548.00 up0.91%
German Malting Barley
Crop 2023
Bulk
Ex Farm
EUR/T %
Average Malting Barley Price nq  
-No change; upPrice increase; downPrice decrease versus last publication.

Click here to see our Market Prices History.


Top Industry News


Malt news UK: Crisp Malt submits plans for a new malting in Scotland ...Click here

Brewery news World: Craft beer market size reaches USD130.4 billion in 2023, projected to more than double by 2032 ...Click here
Brewery news Japan & USA: Asahi Group on the hunt for acquisition targets in the US and elsewhere ...Click here
Brewery news New Zealand: Demand for beer experiences noticeable decline in 2023 ...Click here
Brewery news World: AB InBev shares gain on positive Deutsche Bank survey ...Click here
Brewery news Malaysia: Heineken Malaysia sees Q4 2023 net profit fall 5.3% ...Click here

Barley news China: Chinese buyers return to market after a long holiday ...Click here

Whisky news India: Pernod Ricard to set up malt distillery in Nagpur ...Click here


More Industry News


Brewery news World: Carlsberg targets supply chain as key driver of its ambitious sustainability goals ...Click here
Brewery news USA, MA: Boston Beer shares plummet on earnings miss, weak guidance ...Click here
Brewery news Canada: Brewers asking government to refrain from increasing beer excise ...Click here
Brewery news Kenya: More Kenyans may find it cheaper to buy beer in Tanzania and Uganda ...Click here
Brewery news USA, TX: Molson Coors continues making beer at striking plant ...Click here
Barley news Ukraine: Barley exports since the beginning of 2023/24 MY fall 23% ...Click here
Brewery news South Africa: Heineken invests in returnable bottle programme in South Africa ...Click here
Barley news Russia: Russian grain exports continue to grow despite recent implementation of export quota ...Click here

Graph of the week



Table of the week

Asia Barley Imports, Production, Consumption, and Stocks


Table of the week.
Prices Evolution

Prices evolution

Barley Prices



Theoretical Malt Prices


These Days in Business History


26 February
1848 - 2nd French Republic proclaimed
1907 - Royal Oil and Shell merge to form British Petroleum (BP)
1993 - World Trade Center bombing
1995 - Barings Bank, one of the oldest and most distinguished investment banks in the world, declares bankruptcy

27 February
1557 - 1st Russian Embassy opens in London, Russia and U.S. sign trade agreement
1990 - Exxon Corp and Exxon Shipping are indicted on 5 criminal counts
1998 - Apple discontinues developing Newton computer

28 February
1956 - Forrester issued a patent for computer core memory
1982 - American Telephone and Telegraph Co. looses record $7 BILLION for fiscal year ending on this day
1986 - European Economic Community sign "Special Act" for Europe free trade

Agenda

March 2024:
05 - 08: The 12th RMI Conference (Rome, Italy)
12 - 14: ExpoAntad 2024 (Guadalajara, Mexico)
13 - 15: 108 International Brewing & Engineering Congress 2024 (Groningen, the Netherlands)
13 - 14: BeerX 2024 (Liverpool, UK)
21 - 23: Warsaw Beer Festival 2024 (Warsaw, Poland)
22 - 23: InnBrew 2024 (Barcelona, Spain)
22 - 24: St Malo Craft Beer Expo 2024 (St Malo, France)
22 - 24: Barcelona Beer Festival 2024 (Barcelona, Spain)

April 2024:
06 - 08: Planete Biere 2024 (Paris, France)
11 - 13: KIBEX 2024 (Seoul, South Korea)
21 - 24: Craft Brewers Conference & BrewExpo America 2024 (Las Vegas, USA)
24 - 24: World Beer Cup 2024 (Las Vegas, USA)
27 - 28: Zythos Beer Festival 2024 (Kortrijk, Belgium)

May 2024:
14 - 16: International Beer Strategies Conference 2024 (Porto, Portugal)
20 - 26: Budapest Beer Week 2024 (Budapest, Hungary)
24 - 26: Cerveza Mexico Expo 2024 (Guadalajara, Mexico)
24 - 26: Mondial de la Biere 2024 (Montreal, Canada)
26 - 30: The Brewers of Europe Forum 2024 (Lille, France)
30 - 01 June: Craft Beer China 2024 (Shanghai, China)

June 2024:
06 - 09: Wiener Bierfest 2024 (Vienna, Austria)
11 - 13: Brasil Brau 2024 (Sao Paulo, Brazil)
14 - 15: Tallinn Craft Beer Weekend 2024 (Tallinn, Estonia)

August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
17 - 20: World Brewing Congress 2024 (Minneapolis, Minnesota)
23 - 24: Beervana 2024 (Wellington, New Zealand)

September 2024:
12 - 14: Stockholm Beer & Whisky Festival 2024 (Stockholm, Sweden)
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
28 - 30: Whisky Live Paris 2024 (Paris, France)

October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
23 - 25: Drink Technology India 2024 (Bombay Exhibition Centre, Mumbai, India)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)

November 2024:
22 - 22: Drink Japan 2024 (Makuhari Messe, Japan)
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)

More events are available on site e-malt.com


MaltMalt News Malt


Malt newsUK: Crisp Malt submits plans for a new malting in Scotland
Plans have been submitted for a new state-of-the-art maltings at Portgordon, the Northern Scot reported on February 27.

Portgordon Maltings, part of premium malt manufacturer ...More info on site



BreweryBrewery News Brewery


Brewery newsWorld: Craft beer market size reaches USD130.4 billion in 2023, projected to more than double by 2032
The global craft beer market size reached USD130.4 billion in 2023 and could reach USD293.4 billion by 2032, driven by a robust compound annual ...More info on site


Brewery newsJapan & USA: Asahi Group on the hunt for acquisition targets in the US and elsewhere
Japan's Asahi Group Holdings is on the hunt for acquisition targets in the United States and elsewhere to quadruple overseas sales of its flagship ...More info on site


Brewery newsNew Zealand: Demand for beer experiences noticeable decline in 2023
In data released on February 27 from Statistics New Zealand on the volume of alcohol available for consumption for the year ending December 2023, ...More info on site


Brewery newsWorld: AB InBev shares gain on positive Deutsche Bank survey
On Monday, February 26 AB InBev SA received a positive mention from Deutsche Bank after a survey indicated an improvement in Bud Light sales ...More info on site


Brewery news Malaysia: Heineken Malaysia sees Q4 2023 net profit fall 5.3%
Heineken Malaysia Bhd’s net profit fell 5.3% to RM99.1 million for the fourth quarter ended Dec 31, 2023 (Q4 FY2023) from RM104.6 million a year ago on weaker sales.

Quarterly revenue dropped 8% to RM728.6 million versus RM791.7 million in Q4 FY2022. This was due to lower sales arising from weak consumer sentiment driven by rising cost of living and macroeconomic concerns, according to Heineken’s filing with Bursa Malaysia on February 27.

For FY2023, the brewer’s net profit fell 6.3% to RM386.8 million from RM412.82 million previously. Revenue decreased 7.6% to RM2.64 billion from RM2.86 billion in FY2022.

The group declared a final dividend of 88 sen per share, raising its total payout for FY2023 to RM1.28. This was 10 sen lower than the RM1.38 it paid out in FY2022.

Heineken Malaysia managing director Roland Bala said 2023 was a challenging year with the market experiencing corrections following the strong rebound observed in 2022.

“Despite the challenging environment, we continued to execute and deliver our EverGreen strategy to drive premium growth with a consumer-first mindset, whilst accelerating digitalisation, developing our talents, and making progress towards our sustainability ambitions,” he said.

Under the EverGreen strategy, Heineken intends to focus on cost optimisation, brand investments and technological advancements ...More info on site


Brewery news World: Carlsberg targets supply chain as key driver of its ambitious sustainability goals
Carlsberg is targeting procurement and sourcing as key drivers of its ambitious sustainability goals, the Supply Chain Digital reported on February 25.

“We've made steady year-on-year progress across all 11 focus areas in our sustainability programme," says Simon Boas Hoffmeyer, Senior Director, Sustainability & ESG at Carlsberg Group.

He said this includes taking first steps in our newer areas of focus, including:

• A power-purchase agreement to source renewable electricity from new assets in Lithuania • Establishing projects with NGOs to replenish water in areas of high water-risk in Cambodia, China, India, Laos • Using regeneratively grown barley in its brewing operations in Finland, France and the UK.

"Partnerships are key to our success as we continue to deliver on our ambitions,” says Hoffmeyer.

The company's Together Towards ZERO and Beyond (TTZAB) programme targets and commitments were launched in August 2022, to address the ESG issues impacting Carlberg's business, stakeholders and wider supply chain partners.

Better transparency and accountability across its value chain is a key strategy for achieving the goals of the TTZAB programme.

Hoffmeyer adds: "We are optimistic about our work, yet remain aware we have a lot of work to do around our targets in 2030 and 2040.

"We have ambitious targets and commitments, and our journey is ...More info on site


Brewery news USA, MA: Boston Beer shares plummet on earnings miss, weak guidance
Shares of The Boston Beer Company, Inc. plummeted 11.16% in aftermarket trading following the release of its fourth quarter financial results, which fell short of Wall Street expectations. The company reported an adjusted fourth-quarter loss per share of $1.49, significantly below analysts' projections of a $0.34 loss. Revenue also came in lower than anticipated at $393.72 million, missing the consensus estimate of $413.77 million, Investing.com reported on February 27.

The brewery's fourth-quarter performance was marred by a 12% year-over-year (YoY) decrease in net revenue, which the company partly attributed to a $5.1 million international sales tax adjustment. When adjusted for a comparable 13-week period, revenue declined by 3.1%. Depletions, a measure of distributor sales to retailers, dropped by 9%, or 1% on a 13-week comparable basis, primarily due to declines in the Truly Hard Seltzer brand, although this was partially offset by increases in Twisted Tea and growth in Samuel Adams Non-Alcoholic styles and Dogfish Head Canned cocktails.

Boston Beer's full-year results also reflected challenges, with net revenue for 2023 down 3.9% to $2.009 billion compared to the previous year. The company's gross margin for the quarter improved slightly by 60 basis points to 37.6%, benefiting from price increases and procurement savings, ...More info on site


Brewery news Kenya: More Kenyans may find it cheaper to buy beer in Tanzania and Uganda
More Kenyans living in border points may find it pocket-friendly to cross into Tanzania and Uganda for a beer after the two countries slashed the price of excise stamps, one of the cost components of the beverage, The East African reported on February 25.

Tanzania last month lowered the excise stamps affixed on excisable goods including beer and spirits, pushing down the cost of producing a tipple.

This is the second time Tanzania has lowered the price of excise stamps, even as Kenya plans to double the price in what is aimed at helping the Kenya Revenue Authority (KRA) offset a Ksh4.5 billion ($30.72 million) the taxman owes Siscpa, the Swiss company contracted to manufacture the stamps.

On February 5, 2024, the Tanzania Revenue Authority (TRA) published new lower electronic tax stamp prices.

“In accordance with Regulation 6(2) of the Electronic Tax Stamps Regulation, 2018 the Commissioner-General of Tanzania Revenue Authority wishes to announce new prices (fees) for tax stamps following the successful completion of negotiations involving TRA, Confederation of Tanzania Industries and the vendor Siscpa SA,” reads the notice signed by TRA Commissioner-General Alphayo Kidata.

“Manufacturers, producers, and importers of excisable goods listed in the First Schedule of the Electronic Tax Stamps Regulation ...More info on site


Brewery news Canada: Brewers asking government to refrain from increasing beer excise
Canada’s brewers are asking the federal government to refrain from punching an industry that is already on the ropes, Sasktoday.ca reported on February 23.

They want Ottawa to reconsider its looming 4.7 percent increase in the beer excise tax scheduled to take effect April 1. It would be yet another jab to an already reeling domestic beer sector, said Peter Watts, managing director of the Canadian Malting Barley Technical Centre.

The excise tax increase is tied to the inflation rate. That was manageable in periods of normal inflation but in today’s environment it is resulting in hefty annual increases, he said.

Last year’s rate increase was supposed to be 6.3 percent, but Ottawa took pity on the sector, capping it at two percent just before the April 1 budget announcement.

Beer Canada is calling for either a pause in the excise tax or another two percent cap in 2024.

The Canadian Craft Brewers Association (CCBA) is going a step further. It wants a 50 percent reduction in the excise tax for Canadian brewers with up to 500,000 hectolitres of production. (There are 100 litres in a hectolitre.)

Watts said Canada’s craft brewers, who are responsible for 24 percent of all the beer produced in Canada, have ...More info on site


Brewery news USA, TX: Molson Coors continues making beer at striking plant
Molson Coors is proceeding with production of beer products at its Forth Worth, Texas brewery — with the help of salaried workers and other employees — despite 420 workers being on strike earlier this week, Yahoo Finance reported on February 23.

At the Consumer Analyst Group of New York conference in Boca Raton, Florida on February 21, Molson Coors CEO Gavin Hattersley said the company was not able to reach a deal with the Fort Worth-area Teamsters union despite negotiations. The CEO told attendees the company feels good about its prospects for handling the strike, as it had a “very comprehensive” contingency plan it had ready to roll out.

“We packaged beer. We brewed beer. We delivered beer. And in fact, we actually delivered a little more than our contingency plan actually suggested we should. So the brewery is off to a great start. We've got five other breweries that we can shift volume to if we need to,” Hattersley said.

Tracey Joubert, the beverage giant’s chief financial officer, added that the impact of the strike is “immaterial right now.”

As the maker of Coors Light and Blue Moon deals with the impact of the strike, an even larger one could be on the ...More info on site


Brewery news South Africa: Heineken invests in returnable bottle programme in South Africa
Multinational beer producer Heineken has invested R2.3-billion in its returnable bottle programme in South Africa, more than doubling its share of returnable glass beer bottles, as part of its goal to move to 65% returnable glass bottles, Engineering News reported on February 27.

The move towards increased returnable glass aligns with its global ambition of net-zero carbon by 2040 as per the company's Brew a Better World strategy.

Heineken beer has the same bottle design in 190 countries worldwide. However, the brewer will break with tradition and unveil a new design for its returnable bottle in South Africa, which is a change not made anywhere else in the world.

The newly designed 650 ml returnable bottle, called the Star Bottle, features the iconic Heineken star on its body, along with the Heineken name deep-etched into the glass.

Alongside the launch of its returnable bottle, Heineken will be opening several Heineken Green Zones, which are a collection of open parks and meadows complemented by food and flower gardens, as well as creative arts spaces in communities across the country, including Phillipi, in Cape Town; and Eldorado Park and Lawley, in Johannesburg.

“This initiative aims to promote sustainability-driven behaviours within communities and provide essential recreational areas that ...More info on site



BarleyBarley News Barley


Barley newsChina: Chinese buyers return to market after a long holiday
Chinese buyers have returned to the market after a long holiday, showing firm demand for optional origin barley and Ukrainian corn, with several trades ...More info on site


Barley news Ukraine: Barley exports since the beginning of 2023/24 MY fall 23%
The volume of exports of grains and pulses from Ukraine in 2023/24 MY as of February 23 amounted to 28.15 mln tonnes. This is down 2.6 mln tonnes, or 9% compared to the same period last season. This is evidenced by the data of the State Customs Service, published by the Ministry of Agrarian Policy and Food of Ukraine.

Thus, since the beginning of the season, 11.1 mln tons of wheat have been shipped, which corresponds to last year’s volumes.

Barley supplies to foreign markets amounted to 1.56 mln tons, which is 23% less than last year.

Rye was shipped in the amount of 1 thousand tons (-94%).

Ukraine exported 15.2 million tons of corn, down 2.4 million tons, or 13%, from the same date last season.

Ukraine exported 72.8 thsd tonnes of flour, down 21 thsd tonnes or 23% y-o-y.

For reference: in 2022/23 MY, the exports of grains and legumes totaled 49 mln tonnes: wheat – 16.8 mln tonnes, barley – 2.7 mln tonnes, rye – 18 thsd tonnes, corn – 29.1 mln tonnes, flour – 153.6 thsd tonnes.


Barley news Russia: Russian grain exports continue to grow despite recent implementation of export quota
According to monitoring data from the Russian Grain Union, grain exports from Russia continue to grow despite the recent implementation of an export quota, which came into effect on February 15, Interfax reports.

As Elena Tyurina, director of the RGU analytical department, noted, in the period from February 15 to 25, shipments of the main types of Russian grains increased by 23.5% y-o-y and amounted to 1.87 mln tonnes.

“Including wheat – by 17.3%, to 1.478 mln tonnes, barley – almost 2.2 times, to 192 thousand tonnes. Corn shipments, which had been declining until the middle of this month, increased by 20.7% after February 15 and amounted to 200 thousand tonnes,” the expert said.

In total, in the first half of February, 2.097 mln tonnes of wheat were shipped for export (+30%), and 2.5 mln tonnes of other main grain crops (+22.5%). According to E. Tyurina, before the start of the quota (from July 1, 2023), 42.7 mln tonnes of main types of grain were exported, including 35.35 mln tonnes of wheat, 4.2 mln tonnes of barley and 3.16 mln tonnes of corn.

“The pace of exports became the basis for increasing its forecast for the current season to 67 mln tonnes, of ...More info on site



WhiskyWhisky News Whisky


Whisky news India: Pernod Ricard to set up malt distillery in Nagpur
Spirits company Pernod Ricard India on February 23 signed a Memorandum of Understanding (MoU) with the government of Maharashtra to establish a malt distillery in Nagpur, the Business Standard reported.

The company said that it plans to invest up to Rs 1,800 crore (€ 200 million) for this in the decade.

The distillery, one of the biggest in India, will have a capacity of up to 60,0000 litres per day and 13 million litres annually. With this project, the company eventually aims to procure up to 50,000 tonnes of barley on an annual basis from farmers nationwide to produce malt spirits Longitude 77, Blender’s Pride and Royal Stag. “We are excited to announce the launch of one of India’s biggest malt spirit distilleries, to be set up in Nagpur. This initiative is in continuation of our dedicated efforts to Make and Innovate in India and we are confident that it will elevate India's standing on the global map, as a key player in the production of high-quality malt,” said Jean Touboul, chief executive officer, Pernod Ricard India, in a press release. The company aims to ultimately employ a workforce of up to 700 to 800.

“The foundation ...More info on site


Copyright © E-Malt s.a. 2024