Heineken has announced it plans to sell its production site in Kaliningrad, Russia, as it aims to raise RUB 250 million ($4.3 million).
Production at the site in the Russian enclave were reportedly stopped in January as a result of sustained inflation, unfavourable exchange rates, low consumer confidence and high price competition.
Heineken said in a statement: “We have a sober estimate of the economic situation in the country as a whole and in the region in particular.”
The site consists of warehouses and five plots of land with a total area of 7.2 hectares. Heineken said its aims to use the money from the sale to invest in other projects.
Source: FoodBev.com
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
