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PepsiCo Eyes Alcoholic Beverage Production

The Moscow Times

... on May 17 allowed the company to register the trademark for mead, sbiten and cider. Currently, the company produces kvas at the facilities in Novgorod under that brand name. This would be the first time in its history that PepsiCo produced alcoholic beverages. The alcohol content of mead, for example, ranges from 10 percent to 16 percent. PepsiCo has no other known projects to produce alcohol. Andrei Mansky, co-owner of the Deka plant, where PepsiCo produces kvas, told Kommersant, "We have not...

Russian Olympians Will Stay Dry During London Games

The Moscow Times

... 2014 organizing committee, the All-Russian Association of Summer Olympic Sports and the company Bosco di Ciliegi, the official outfitter of the Olympic team. But a federal official in the meeting with Kozak suggested that organizers can make alcoholic beverages available at parties for their corporate clients and sponsors, as long as athletes or members of the official delegation do not participate. Events hosted by Russia will primarily take place in four "hospitality houses," including...

RusAl Q1 Down 84%

Reuters

... represents less than half of the stock's 2010 Hong Kong IPO value of 10.80 Hong Kong dollars each. While global aluminum consumption in the first quarter grew 5 percent from a year earlier, the average price of the metal used in cars, construction and beverage cans fell 13 percent to $2,177 per ton, RusAl said. Net profit, which included its share of earnings in Norilsk and noncash items, slumped to $74 million in the three months ended March from $451 million a year earlier. Recurring net profit fell...

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