Czech beer Budvar enjoys rebound in production
Posted Jan 31, 2019 04:58:53 AM.
This article is more than 5 years old.
PRAGUE, Czech Republic — Beer production at Budvar, which has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the “Budweiser” brand, increased last year to the second highest level in the brewer’s 123-year history.
Budejovicky Budvar NP, a Czech state-owned brewery, said Thursday that its output rose 3.6 per cent in 2018 to 1.602 million hectolitres (42.32 million gallons).
The output growth followed a 4-per cent decline in 2017 that was caused by shifting production to a premium brand.
Budvar says its revenues hit a record high last year, reaching 2.6 billion crowns ($114 million), up 7.3 per cent from 2018. Other financial results, including profit and export figures, have not been released.
The brewer has been expanding to be able to produce up to 2 billion hectolitres of beer a year.
The Associated Press
