Argentina: Quilmes Industrial (Quinsa) S.A. announced on January 14 the volumes for the fourth quarter and full year 2004. Quinsa said its total beer volume for 2004 rose 7.8% to 15.8 million hectoliters. Beer volumes rose by 4.1% to 4.95 million hl in the fourth quarter, it said. Argentina beer volume rose 5.2% to 6.49 million hl in 2004, Bolivia beer volume increased 16.3% up to 2.14 million hl, Paraguay beer volume increased 13.8% up to 1.84 million hl, Uruguay beer volume increased 33.3% to 0.59 million hl, while Chile beer volume was down 9.3% to 0.38 million hl.
Quinsa is a Luxembourg-based holding company that controls 87.6 percent of Quilmes International (Bermuda) ("QIB"). The remaining 12.4 percent stake is held by Beverage Associates (BAC) Corp. ("BAC") and by Companhia de Bebidas das Americas - AmBev ("AmBev").
Quinsa, through QIB, controls beverage and malting businesses in five Latin American countries. Its beer brands are strong market leaders in Argentina, Bolivia, Paraguay and Uruguay and have a presence in Chile. Further, pursuant to the Company's strategic alliance with AmBev, it has entered into license and distribution agreements to produce and sell the AmBev brands in Argentina, Bolivia, Paraguay and Uruguay. Similarly, under the agreements, AmBev may produce and distribute Quinsa's brands in Brazil.
The Company also has bottling and franchise agreements with PepsiCo, and thus accounts for 100% of PepsiCo beverage sales in Uruguay and more than 80% of PepsiCo beverage sales in Argentina.
Quinsa's Class A and Class B shares are listed on the Luxembourg Stock Exchange. Quinsa's American Depository Shares, representing the Company's Class B shares, are listed on the New York Stock Exchange.
Tilbage
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