SPC takes on former owner by entering $7 billion drinks market

  • 📰 theage
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Major food manufacturer SPC Australia is going up against its former owner Coca-Cola Amatil by launching into the $7 billion non-alcoholic beverages market | hijessicayun

Major food manufacturer SPC Australia is going up against its former owner Coca-Cola Amatil by launching into the $7 billion non-alcoholic beverages market with a new sparkling water that targets the health-conscious younger market as well as unveiling ambitious global expansion plans.in mid-2019. Under its previous owner, SPC was not allowed to launch beverages as that would place it in competition with its parent company.

Its new product is a canned sparkling water with sugar-free natural flavouring called ‘Helping humans’ and is aimed at the younger demographic, who are driving a trend away from traditional soft drinks and towards healthier alternatives. The Coca-Colas and the Pepsis and the sweet drinks of the world are really on the decline, because people want something healthy.Of every Helping humans purchase, 10 per cent of profits goes to charity. The can contains a QR code that the consumer can scan to select the charity partner they want donations to go to. Charity partners include The McGrath Foundation, Australian Gynaecological Cancer Foundation, Streetsmart, One Heart, Black Dog, Planet Ark and Ceres.

SPC Australia, which has had a turbulent history, has been able to turn its fortunes around under the new owners, according to Rifai. The fruit processing business’ future looked in doubt in 2014 when it asked the federal government for money, which the Abbott government denied. It was then able to secure $22 million from the Victorian government on top of $150 million in new investment from Coca-Cola Amatil.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

hijessicayun Bring back loys

hijessicayun Where are they getting their energy intensive aluminum from? Is it the Portland smelter ?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines