AB-InBev to inject $220 million in SAB to boost glass bottle production
Brewing giant AB-InBev, owner of South African Breweries (SAB) following one of the biggest M&A deals ever seen, will be investing in a massive bottling line expansion.
The new packaging lines will be installed at SAB’s plants in Gauteng province, northern South Africa, and will produce returnable glass bottles. Both lines are expected to be functioning by October this year in what is a $220 million commitment.
SAB brews some of Africa’s most recognised beers, including Castle Lager, Lite and Stout, along with European favourites Peroni and Grolsch.
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This latest investment will boost overall capacity by as much as eight percent, with the new bottling lines able to produce 45,000 an hour. SAB will be purchasing four million crates and 48 million bottles to begin production.
When AB-InBev bought what was SABMiller last year, it committed to spending a further $74 million on social projects over the course of five years.
AB-InBev Africa president Ricardo Tadeu said: “This investment will also have a positive impact on South Africa’s agriculture and agro processing sectors. We are investing in the local production of barley, which will optimistically assist South Africa to become exporters of barley as a raw material.”
The Belgian brewer produces some of world’s biggest brands, including Budweiser, Corona, Stella Artois, Beck’s, Carling, Fosters, Hoegaarden and Leffe.
Starbucks to open 10,000 sustainable stores in bid to save US$50mn
The plans come under an initiative called the “Starbucks G...
Starbucks has announced plans to open 10,000 “greener stores” around the world by 2025
The plans come under an initiative called the “Starbucks Greener Stores Framework”, which the coffee company will develop with experts in the field such as SCS Global Services, and the World Wildlife Fund.
Kevin Johnson, Starbucks’ CEO, said in a company statement that Starbucks has a responsibility to promote environmental sustainability.
“We are a company in [sic] that believes, in the fabric of mission and values, that the pursuit of profit is not in conflict with the pursuit of doing good”.
The announcement aligns with Starbucks’ efforts over the past decade to create sustainable buildings, working in partnership with the US Green Building Council.
The company has said it will go beyond the Leadership in Energy and Environmental Design (LEED) sustainable building criteria, which it developed alongside the US Green Building Council, to focus on powering its stores in the US and Canada with 100% renewable energy.
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Starbucks plans to introduce technology to both new buildings and in renovations of existing stores that will save 25-30% on energy and water use.
Marketing Magazine said this could save Starbucks around US$50mn incrementally over the next decade.
This year, Starbucks committed to eliminate its reliance on single-use straws in 28,000 stores by 2020, and also said that it is developing compostable paper cups.