DOCSLIB.ORG

TSINGTAO BREWERY COMPANY LIMITED (A Sino-Foreign Joint Stock Limited Company Established in the People’S Republic of China) (Stock Code: 168)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
TSINGTAO BREWERY COMPANY LIMITED (A Sino-Foreign Joint Stock Limited Company Established in the People’S Republic of China) (Stock Code: 168) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. TSINGTAO BREWERY COMPANY LIMITED (a Sino-foreign joint stock limited company established in the People’s Republic of China) (Stock Code: 168) VOLUNTARY ANNOUNCEMENT BEIJING FIVE STAR TSINGTAO BREWERY CO., LTD.* LIQUIDATION MATTER AND GOVERNMENT RESUMPTION OF A PARCEL OF THE COMPANY’S LAND IN QINGDAO This announcement is made by Tsingtao Brewery Company Limited (the “Company”, together with its subsidiaries, the “Group”) on a voluntary basis to provide shareholders of the Company (the “Shareholders”) and potential investors with the latest information on the Group. The extraordinary meeting of the ninth session of the board of directors of the Company convened on 27 July 2019 considered and approved the suspension of production and integration of Beijing Five Star Tsingtao Brewery Co., Ltd.* (“Five Star Company”), which will be implemented in stages. The board of directors of the Company is pleased to announce that it has considered and approved the feasibility report of asset disposal of the liquidation matter for the Five Star Company and will commence the land resumption and liquidation matters of the Five Star Company. Meanwhile, the board of directors of the Company also considered and approved the feasibility report on resumption of the Company’s land located in Yangjiaqun, Shibei District, Qingdao by the Government. (i) Five Star Company is a subsidiary of the Company, the equity interests of which are held as to 62.64% by the Company together with Tsingtao Brewery Hong Kong Trade Company Limited (a wholly-owned subsidiary established by the Company in Hong Kong). It is located at 2 Jiancaichang Middle Road, Xisanqi Residential District, Qinghe Road, Haidian District, Beijing, with a licensed land area of 182,153.37 square meters. In accordance with the strategic deployment to relieve non-capital functions and to accelerate city road construction of the Beijing Municipal Government and Haidian District Government, the land of Five Star Company is required to be resumed as a whole. The Beijing Land Reserve Center has entrusted Beijing Kangzheng Real Estate Appraisal Co., Ltd. to conduct an asset valuation over the land, buildings, structures and equipment etc. of Five Star Company, which has been reviewed by Qingdao Tianhe Asset Appraisal Co., Ltd. The appraisal value amounts to approximately RMB1.678 billion. According to the preliminary calculations by the finance department of the Company, the compensation for land resumption — 1 — of the Five Star Company is expected to increase the net profit attributable to Shareholders of the Company by approximately RMB700 million upon the transfer of the relevant land and recognition of revenue. The Company agrees to the People’s Government of Beijing Haidian District’s resumption of the land for self-use production of Five Star Company, and authorize the management team of the Company to follow the procedures for resumption of state-owned land, negotiate and execute the relevant agreement with the Government in respect of land resumption with not less than the assessed value of the land and ensure maximization of the Company’s benefits as principle, and follow up with the specific land resumption procedures. (ii) The Company’s goods yard land located at Yangjiaqun, Shibei District, Qingdao is left idle in recent years and does not possess the conditions for industrial development and utilization. The Company is of the view that the land resumption by the Government is beneficial to the Company. The land area of the Yangjiaqun goods yard to be resumed by the Government is 60,348.4 square meters. The Company agrees to the resumption of the Company’s Yangjiaqun goods yard land by the Qingdao Shibei District Government, and authorize the management team of the Company to follow the procedures for resumption of state-owned land, negotiate and execute the relevant agreement with the Government in respect of land resumption with not less than the assessed value of the land and ensure maximization of the Company’s benefits as principle, and follow up with the specific land resumption procedures. It is estimated preliminarily that the land resumption matter of Five Star Company will not constitute a transaction under Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) nor a connected transaction under Chapter 14A of the Listing Rules, and is not required to be announced and approved by the Shareholders. As the Company still has to further negotiate the relevant details of the land resumption agreement with relevant governmental department, there is a possibility that the land resumption matter cannot proceed due to factors such as changes in policies. Meanwhile, the aforementioned financial impact is only a preliminary estimate made by the finance department of the Company and the final amount of compensation is subject to the land resumption agreement executed by the Company. The Company will closely monitor the progress of the aforementioned matters and continue to perform its information disclosure obligations in accordance with the relevant laws and regulations. Shareholders and potential investors of the Company are reminded to invest rationally and be aware of investment risks. By order of the Board Tsingtao Brewery Company Limited ZHANG Rui Xiang Company Secretary Qingdao, the PRC 12 July 2021 — 2 — Members of the board of directors of the Company as at the date of this announcement are as follows: Executive Directors: Mr. HUANG Ke Xing (Chairman), Mr. YU Zhu Ming and Mr. WANG Rui Yong Non-executive Director: Mr. SHI Kun Independent Non-executive Mr. XIAO Geng, Mr. SHENG Lei Ming, Mr. JIANG Xing Lu and Ms. Directors: Rania ZHANG * Translation for identification purpose. — 3 —.
Load more

Recommended publications
  • L & F to Purchase Desert Eagle Dist
    Modern Brewery Age Weekly E-Newsletter •Volume 58, Number 51• December 17, 2007 Miller Brewing Co. to test “lite” craft beers Miller Brewing Co. has announced that it will test the ‘‘Miller Lite Brewers Collection,’’ a portfolio of craft-style beers that are lower in calories and carbohydrates. Miller will test the collection in four markets— Minneapolis, Charlotte, San Diego and Baltimore, beginning in February 2008. The Brewers Collection will feature three beers—Blonde Ale, an Amber and a Wheat—each with fewer calories and carbs than a typical craft beer for that style. Miller Chief Marketing Officer Randy Ransom said “Miller is seeking to again establish a whole new category for the beer industry—craft-style-light. “The brewer who can provide a more refreshing and drinkable craft style can stake out a whole new niche in the market. (Continued on Page 10) L & F to purchase Desert Eagle Dist. Desert Eagle Distributing, which controls 76 percent of El Paso's beer market is sell- ing the company to L&F Distributors, a larger McAllen, TX-based, family-owned distributor, the El Paso Times reports. "The future of the business will be large, Jim Sloan, vice president, Star Brand Imports, pours the first draft beer from a rare keg of Affligem mega wholesalers. We either had to grow Noel tapped at the Ginger Man in New York City this past week. Star Brands is importing 61 20-liter the business or sell out. In our case we had kegs of the celebrated Belgian seasonal, to be sold on draft in select accounts in the New York, no acquisition possibilities," J.
    [Show full text]
  • View Presentation
    WORLD BREWING CONGRESS 2016 World Brewing Congress August 13-17, 2016 Prospective demand for malting barley and malt quality for the global brewing industry Sheraton Downtown Denver 159 Peter Watts1, Dr. Yueshu Li1 and Dr. Jessica Yu2 Denver, CO 80202, U.S.A. 1. Canadian Malting Barley Technical Centre, Winnipeg, Manitoba, Canada R3C 3G7 2. Tsingtao Brewery Co. Ltd, Qingdao, China 266100 Introduction China Beer Market Evolving Quality Requirements Rapid changes in the world brewing industry including the boom in craft brewing, diversification in In addition to international brewing groups such as Carlsberg and AB-InBev, China Resource Snow Brewery, Tsingtao Brewery, and Beijing Yangjing Beer are dominant Rising beer production in China and the rapid development of craft brewing in the US beer brand/style as well as changing ownership present both challenges and opportunities for the players in China accounting for 71% of beer output. Increasingly Chinese beer manufacturers are strengthening their brand positioning. In 2014 China Resources Snow are driving increased demand for malting barley and malt, and are also shifting quality malting barley industry. In this presentation, trends in global malting and brewing sectors, Breweries produced 107 million hectolitres of Snow beer making it the world’s largest beer brand at 5.4% of the global market. Its total volume is higher than the requirements. In China, brewers are demanding barley with higher grain protein and specifically in China and the United States, and changing quality requirements for malting barley combined volume of Budweiser (4.6 billion liters) and Budlight (5.0 billion liters). Together with Tsingtao Brewery and Beijing Yangjing Beer, these three Chinese brewers very high enzyme potential to compensate for large adjunct incorporation.
    [Show full text]
  • Tsingtao Brewery Company Case Study Tsingtao Brewery Co., Ltd
    Tsingtao Brewery Company Case Study Tsingtao Brewery Co., Ltd., one of the oldest beer makers in China, was founded in 1903 by German and British merchants under the name Nordic Brewery Co., Ltd. Tsingtao Branch. Today, Tsingtao Brewery is China’s largest brewery and was also an Official Sponsor of the Beijing 2008 Olympic Games. On July 15, 1993, Tsingtao Brewery became the first-ever Chinese company to be listed on the Hong Kong Stock Exchange (stock code 0168). On August 27, 1993, it listed on the Shanghai Stock Exchange (stock code: 600600), making Tsingtao Brewery the first Chinese company to be listed in both Mainland China and Hong Kong. China now has about 500 breweries, nearly one for every three counties, but 80 per cent have an annual production capacity of less than 50,000 tons and most have operational difficulties. This has spelled opportunities for the three heavyweights, Tsingtao, Yanjing and China Resources. They have all pursued a domestic expansion plan through numerous strategic mergers, purchasing insolvent companies, reorganization, and joint-venture partnerships. Still, in spite of its having the second largest market in the world, China still has a long way to go because per capita beer consumption annually is only about 15 liters, compared to 84 liters in the United States. In 2007, Tsingtao Brewery achieved a total sales volume of 5.05 million kiloliters globally, with the market share of Tsingtao Beer in China reaching 13% . In that same year, World Brand Lab valued the brand at RMB 25.827 billion, placing it first in China’s brewing industry.
    [Show full text]
  • Beverage Industry Market Update Au Gu S T 2019 Cascadia Capital Beverage Expertise
    Beverage Industry Market Update Au gu s t 2019 Cascadia Capital Beverage Expertise We are 15 professionals with greater than 100 years of collective consumer & retail investment banking experience. We have completed more than 75 transactions since the beginning of 2010, in excess of $2.5 billion of enterprise value, including 25 capital markets transactions and 50 M&A advisory assignments. Our team has a deep understanding of the underlying consumer trends driving disruptive change in our core sectors of focus. We are in constant dialog with active strategic and financial counterparties in the consumer and retail sectors, providing us with the ability to best position our clients for an optimal outcome. In March 2018, Cascadia Capital announced a partnership with First Beverage Financial, the investment banking division of First Beverage Group. The acquisition brought Cascadia a proven and highly-specialized team with a deep focus across the beverage landscape, including the market’s leading M&A franchise in craft beer. Recently Closed Beverage Industry Transactions has completed a Series A growth equity has been investment recapitalizedby July 2019 April 2019 has been acquiredby August2016 1 Table of Contents I. Market Overview II. Transaction Highlights III. Public Comparables IV. Appendix i. Cascadia Capital Overview 2 I. Market Overview 3 Beverage Alcohol Volume Declines but Dollars Increase The global market for beverage alcohol has declined due to increased attention to health and wellness, prioritizing quality over quantity and
    [Show full text]
  • Financial Services Guide and Independent Expert's Report In
    Financial Services Guide and Independent Expert’s Report in relation to the Proposed Demerger of Treasury Wine Estates Limited by Foster’s Group Limited Grant Samuel & Associates Pty Limited (ABN 28 050 036 372) 17 March 2011 GRANT SAMUEL & ASSOCIATES LEVEL 6 1 COLLINS STREET MELBOURNE VIC 3000 T: +61 3 9949 8800 / F: +61 3 99949 8838 www.grantsamuel.com.au Financial Services Guide Grant Samuel & Associates Pty Limited (“Grant Samuel”) holds Australian Financial Services Licence No. 240985 authorising it to provide financial product advice on securities and interests in managed investments schemes to wholesale and retail clients. The Corporations Act, 2001 requires Grant Samuel to provide this Financial Services Guide (“FSG”) in connection with its provision of an independent expert’s report (“Report”) which is included in a document (“Disclosure Document”) provided to members by the company or other entity (“Entity”) for which Grant Samuel prepares the Report. Grant Samuel does not accept instructions from retail clients. Grant Samuel provides no financial services directly to retail clients and receives no remuneration from retail clients for financial services. Grant Samuel does not provide any personal retail financial product advice to retail investors nor does it provide market-related advice to retail investors. When providing Reports, Grant Samuel’s client is the Entity to which it provides the Report. Grant Samuel receives its remuneration from the Entity. In respect of the Report in relation to the proposed demerger of Treasury Wine Estates Limited by Foster’s Group Limited (“Foster’s”) (“the Foster’s Report”), Grant Samuel will receive a fixed fee of $700,000 plus reimbursement of out-of-pocket expenses for the preparation of the Report (as stated in Section 8.3 of the Foster’s Report).
    [Show full text]
  • The Barth Report
    THE BARTH REPORT HOPS 2015/2016 CONTENTS Currency exchange rates 2 Country reports 2015 crop/Europe Conversion table 2 Germany 14 Publishing details 2 Czech Republic 18 Foreword 3 Poland 19 World market key data 3 Slovenia 20 Political situation 4 England 21 European Union 4 France 22 Economic situation 5 Key data (USA, China, Japan, Germany) 6 Country reports 2015 crop/America Top 40 Breweries 7 USA 22 Beer output development 8 World beer production 2014/2015 9 Country reports 2015 crop/Asia Market analysis 10 China 28 Hop alpha acid production 10 Alpha acid balance 11 Country reports 2016 crop/Australia/Oceania Development 2004 – 2015 12 Australia 29 Hop forward contract rates 12 World hop acreage and crop 2014/2015 13 Hop plant development 2016 30 Outlook 2016 30 Members of the Barth-Haas Group 31 Beer styles 32 These exchange rates can only Currency exchange rates serve as an indication. They 1 EUR equals (reference by ECB): vary from bank to bank and on 1 June 2015 on 1 June 2016 on 1 June 2015 on 1 June 2016 are not binding. Australia 1.4341 AUD 1.5370 AUD Poland 4.1335 PLN 4.3978 PLN China 6.7807 CNY 7.3498 CNY Russia 58.2567 RUB 74.7806 RUB United Kingdom 0.7192 GBP 0.7736 GBP Switzerland 1.0331 CHF 1.1055 CHF Japan 135.7900 JPY 122.0700 JPY Czech Republic 27.4400 CZK 27.0270 CZK Canada 1.3673 CAD 1.4586 CAD USA 1.0944 USD 1.1174 USD Conversion table Area: Weight: 1 hectare (ha) = 10,000 m2 = 2.471 acres 1 metr.
    [Show full text]
  • Form: 11-K, Filing Date: 06/27/2008
    SECURITIES AND EXCHANGE COMMISSION FORM 11-K Annual report of employee stock purchase, savings and similar plans Filing Date: 2008-06-27 | Period of Report: 2007-12-31 SEC Accession No. 0001104659-08-042840 (HTML Version on secdatabase.com) FILER INTERNATIONAL BUSINESS MACHINES CORP Mailing Address Business Address 1 NEW ORCHARD RD 1 NEW ORCHARD ROAD CIK:51143| IRS No.: 130871985 | State of Incorp.:NY | Fiscal Year End: 1231 ARMONK NY 10504 ARMONK NY 10504 Type: 11-K | Act: 34 | File No.: 001-02360 | Film No.: 08923605 9144991900 SIC: 3570 Computer & office equipment Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2007 OR o TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-2360 A. Full title of the plan and address of the plan, if different from that of the issuer named below: IBM Savings Plan Director of Compensation and Benefits Capital Accumulation Programs IBM Corporation North Castle Drive Armonk, New York 10504 B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: INTERNATIONAL BUSINESS MACHINES CORPORATION New Orchard Road Armonk, New York 10504 IBM SAVINGS PLAN Table of Contents Page Copyright © 2012 www.secdatabase.com. All Rights Reserved.
    [Show full text]
  • The Best Beer Company in a Better World
    In November 2008 we closed the combination with Anheuser-Busch, creating Anheuser-Busch InBev, a world class consumer goods company with a pro- forma EBITDA of approximately 8.2 billion euro in 2008. The combined business has four of the top ten selling beers in the world, and has a number one or number two position in over 20 markets. Our dream is to become Anheuser-Busch InBev Anheuser-Busch The Best Beer Company in a Better World Annual Report 2008 Annual Report 2008 Report Annual Anheuser-Busch InBev In November 2008 we closed the combination with Anheuser-Busch, creating Anheuser-Busch InBev, a world class consumer goods company with a pro- forma EBITDA of approximately 8.2 billion euro in 2008. The combined business has four of the top ten selling beers in the world, and has a number one or number two position in over 20 markets. Our dream is to become Anheuser-Busch InBev Anheuser-Busch The Best Beer Company in a Better World Annual Report 2008 Annual Report 2008 Report Annual Anheuser-Busch InBev 4 | Letter to Shareholders 6 | Anheuser-Busch: The story so far 8 | The Language we speak 14 | The Brands that define us 22 | The Zones that drive us 30 | The People that make the difference 34 | The World around us 41 | Financial Report 127 | Corporate Governance ‘Anheuser-Busch and InBev both have rich brewing traditions and a commitment to quality and integrity. We will succeed by celebrating Anheuser-Busch InBev is a publicly traded and integrating both company (Euronext: ABI) based in Leuven, companies’ strong brands, Belgium.
    [Show full text]
  • The Barth Report
    THE BARTH REPORT HOPS 2014/2015 CONTENTS World market key data 2 England 21 Foreword 3 Spain 22 Political situation 4 France 22 European Union 5 Economic situation 5 Country reports 2014 crop/America Key data (USA, China, Japan, Germany) 6 USA 23 Top 40 Breweries 7 World beer production 2013/2014 8 Country reports 2014 crop/Asia Beer output development 9 China 27 Market analysis 9 Hop forward contract rates 10 Country reports 2015 crop/Australia/Oceania Hop alpha acid production 10 Australia 28 Alpha acid balance 11 Development 2003 – 2014 12 World hop acreage and crop 2013/2014 13 Hop plant development 2015 29 Outlook 2015 30 Country reports 2014 crop/Europe Currency exchange rates 30 Germany 14 Conversion table 30 Czech Republic 18 Publishing details 30 Poland 18 Members of Barth-Haas Group 31 Slovenia 20 Fireworks of hop varieties 32 WORLD MARKET KEY DATA Hop area under Hop production Hop alpha production Beer production cultivation in ha in mt in mt in mill. hl 1,972 1,960 96,477 83,232 47,766 46,246 9,227 8,171 2013 2014 2013 2014 2013 2014 2013 2014 -1.5 % 3.3 % -6.6 % 15.9 % -10.6 % 12.9 % 0.5 % -0.6 % Hops 14/15 2 FOREWORD Sustainability in the German hop industry The subject of “sustainability” has become part of by the criteria contained in the checklist of the SAI the daily business of any prestigious company today. Platform (SAI = Sustainable Agriculture Initiative). This In the brewing industry, this applies both to many platform is used today by many leading international well-known breweries and to the world’s four biggest groups in the food and beverages industries, including brewing groups.
    [Show full text]
  • 21Nov200819011210
    21NOV200819011210 ANHEUSER-BUSCH INBEV SA/NV (a public limited liability company with registered office at Grand-Place/Grote Markt 1, 1000 Brussels, Belgium) BRANDBREW S.A. (a company incorporated under the laws of the Grand Duchy of Luxembourg with registered office at 5, Parc d’Activit´e Syrdall, L-5365 Munsbach,¨ registered with the Luxembourg Register of Commerce and Companies under number B-75696) as Issuers on the basis set out below E10,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by AMBREW S.A. (a soci´et´e anonyme with registered office at 5, Parc d’Activit´e Syrdall, L-5365 Munsbach,¨ registered with the Luxembourg Register of Commerce and Companies under number B-99525) ANHEUSER-BUSCH COMPANIES, INC. (a company incorporated in the State of Delaware with registered office at 1209 Orange Street, Wilmington, Delaware 19801) ANHEUSER-BUSCH INBEV SA/NV (a public limited liability company with registered office at Grand-Place/Grote Markt 1, 1000 Brussels, Belgium) ANHEUSER-BUSCH INBEV WORLDWIDE INC. (a company incorporated in the State of Delaware with registered office at 1209 Orange Street, Wilmington, Delaware 19801) BRANDBREW S.A. (a company incorporated under the laws of the Grand Duchy of Luxembourg with registered office at 5, Parc d’Activit´e Syrdall, L-5365 Munsbach,¨ registered with the Luxembourg Register of Commerce and Companies under number B-75696) COBREW NV/SA (a Belgian public limited liability company with registered office at Brouwerijplein 1, 3000 Leuven, Belgium) INBEV BELGIUM NV/SA (a Belgian public limited liability company with registered office at 21, Boulevard Industriel, 1070 Brussels (Anderlecht)) INBEV FRANCE S.A.S.
    [Show full text]
  • Oliver Johannes Ebneth
    OLIVER JOHANNES EBNETH INTERNATIONALISIERUNG UND UNTERNEHMENSERFOLG BÖRSENNOTIERTER BRAUKONZERNE Göttingen, im Mai 2006 VORWORT Zu Beginn dieser Arbeit danke ich ganz herzlich meinem Doktorvater und akademischen Lehrer, Herrn Univ.-Prof. Dr. Ludwig Theuvsen für die Überlassung dieses Themas und die inhaltliche Betreuung meiner Dissertation. Während dieser Zeit ermöglichte mir Ludwig Theuvsen nicht nur meine zahlreichen Auslandsprojekte und Konferenzreisen, sondern stand mir stets in freundschaftlicher Weise mit Rat und Tat zur Seite. Gut drei Jahre Doktorarbeit bedeuten viel ‚Blut, Schweiß und Tränen’, doch gab es auch zahlreiche unvergessliche Stunden und Erlebnisse, die ich nicht missen möchte. Mein Dank gilt deshalb allen Mitarbeitern des Instituts für Agrarökonomie sowie meinen Freunden und Kollegen vom Lehrstuhl für Betriebswirtschaftslehre des Agribusiness. Besonderer Dank gilt auch Herrn Marc Koster, Director Corporate Business Development bei Heineken International, der mir eine zweimalige Projektmitarbeit im Heineken Headoffice in Amsterdam ermöglichte. Auch danke ich Berend Odink, mit dem ich viele Stunden bei Bilanzanalyse und Unternehmensbewertung internationaler Braukonzerne verbrachte. Diese Arbeit widme ich meinen Eltern, die mir das Studium ermöglichten, eine glückliche Kindheit und Jugend in Ostbayern schenkten und stets alles gaben was in ihrer Kraft lag, kurz: ihre ganz Liebe. Göttingen, 24. Mai 2006 Oliver Johannes Ebneth GLIEDERUNG Seite: ABSTRACT 5 EINLEITUNG Internationalisierung und Unternehmenserfolg in der Weltbraubranche
    [Show full text]
  • Agribusiness Handbook Agribusiness Handbook
    agribusiness handbook Barley Malt Beer Please address comments and enquiries to: ,6%1 Investment Centre Division Food and Agriculture Organization of the United Nations (FAO) E-mail: [email protected] ,( agribusiness handbook Barley Malt Beer TABLE OF CONTENTS INTRODUCTION 5 1. BARLEY 7 1.1 Production of barley 7 1.2 World production and main suppliers of barley 9 1.3 Barley sale prices 12 1.4 Barley trade 13 1.5 Current trends: malting barley has a new competitor for acreage 15 2. MALT 17 2.1 Processing into malt 17 2.2 World production and main suppliers of malt 19 2.3 Sale price of malt 22 2.4 Malt trade 23 2.5 Global growth in malt demand 24 2.6 Reaching conclusions 25 2.7 Other relevant information 25 3. BEER 27 3.1 Brewing process 27 3.2 World beer production 29 3.3 Beer trade 31 3.4 Consumption 32 3.5 Other relevant information 33 4. THE MALTING AND BEER INDUSTRIES IN THE WESTERN BALKANS AND EARLY TRANSITION COUNTRIES. 35 4.1 The supply of raw materials: the Achilles’ heel of the local beer industry 35 4.2 Development of the local beer industry: a driving factor for maltsters 44 4.3 EBRD experience in the region 62 5. FURTHER READING AND INFORMATION 65 3 This handbook is part of a series of agribusiness manuals prepared by FAO's Investment Centre Division for EBRD's Agribusiness team, under the FAO/EBRD cooperation. The production of the manuals was ¿QDQFHGE\)$2DQGE\WKH(%5'PXOWLGRQRU(DUO\7UDQVLWLRQ&RXQWULHV Fund and Western Balkans Fund.
    [Show full text]