Three Coins Beer

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Three Coins
Three Coins Beer.jpg
Type Pale Lager
Manufacturer McCallum Breweries (Ceylon) Ltd
Country of origin Sri Lanka
Introduced 1962
Alcohol by volume 4.8%
Website Official website

Three Coins is a Sri Lankan beer brewed by McCallum Breweries (Ceylon) Ltd, a subsidiary of Cargills Ceylon PLC.

Contents

History

McCallum Brewery Limited was established in 1962 [1] by the U. K. Edmund in Meegoda (a suburb of Colombo). In February 2011 Cargills Ceylon PLC acquired the McCallum Brewery via Cargill’s 100% owned subsidiary Millers Brewery Ltd for Rs. 1.425 billion. [2] [3] The Cargills Group subsequently spent Rs. 2 billion upgrading the brewery, [4] increasing the capacity from 50,000hL/yr to 600,000hL/yr. [5] [6] In June 2014 it was reported that Cargills was preparing to sell Millers Brewery, [7] the likely purchasers of the company include Distilleries Company of Sri Lanka PLC and Carson Cumberbach PLC. [8] In November 2014 it was announced that Lion Brewery had purchased Millers Brewery Limited from Cargills for Rs 5.15 billion and would commence the brewing of the Millers Brewery products at its facility in Biyagama, with production at the Meegoda plant ceasing temporarily pending further evaluation. [9] [10]

Colombo Commercial Capital in Western Province, Sri Lanka

Colombo is the commercial capital and largest city of Sri Lanka. According to the Brookings Institution, Colombo metropolitan area has a population of 5.6 million, and 752,993 in the city proper. It is the financial centre of the island and a popular tourist destination. It is located on the west coast of the island and adjacent to the Greater Colombo area which includes Sri Jayawardenepura Kotte, the legislative capital of Sri Lanka and Dehiwala-Mount Lavinia. Colombo is often referred to as the capital since Sri Jayawardenepura Kotte is within the urban area of, and a suburb of, Colombo. It is also the administrative capital of the Western Province and the district capital of Colombo District. Colombo is a busy and vibrant place with a mixture of modern life and colonial buildings and ruins. It was the legislative capital of Sri Lanka until 1982.

Distilleries Company of Sri Lanka PLC (DCSL) is a diversified Sri Lankan conglomerate listed on the Colombo Stock Exchange with a market capitalisation of US$600 Million. It was one of the first Sri Lankan companies to be listed in Forbes's Best Managed companies under a USD billion. The company has also been featured in business magazine Business Today as one of its Top 10 listed companies in Sri Lanka.

Lion Brewery or Lion Brewery (Ceylon) PLC is a predominantly Sri Lankan owned and operated brewery. The company is listed on the Colombo Stock Exchange and its stock is part of the S&P Sri Lanka 20 Index. Lion Brewery produces the highest selling beer, Lion Lager, in both Sri Lanka and the Maldives.

Varieties

Stout dark beer

Stout is a dark beer. There are a number of variations including Baltic porter, milk stout, and imperial stout; the most common variation is dry stout, exemplified by Guinness Draught, the world's best selling stout. Stout is a top-fermented beer.

Millers Brewery also brews Fosters under license from Carlton & United Breweries Ltd. [13]

Foster's Lager is an internationally distributed brand of lager. It is owned by the international brewing group AB InBev, and is brewed under licence in a number of countries, including its biggest market, the UK, where the European rights to the brand are owned by Heineken International.

Carlton & United Breweries

Carlton & United Breweries is an Australian brewing company. It is based in Abbotsford, a suburb of Melbourne, Victoria. In 1983 it became a wholly owned subsidiary of Elders IXL and CUB was delisted. In 1990, Elders IXL was renamed as Foster's Group, and in July 2004, CUB changed its name to Carlton & United Beverages. In February 2009, Foster's announced the decision to separate the Australian Wine division from the Australian Beer, Cider & Spirits (BCS) division, and rename BCS to Carlton & United Breweries.

See also

Related Research Articles

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References

  1. "Company Overview of McCallum Breweries (Ceylon) Pvt Ltd". Bloomberg Business. Retrieved 4 February 2015.
  2. "Cargills to buy McCallum Breweries and Three Coins Company". GlobalMalt GmbH & Co. 8 February 2011. Retrieved 18 June 2014.
  3. "Enhancing capacity at the 3 Coins brewery". The Sunday Times . 13 February 2011. Retrieved 18 June 2014.
  4. "Millers Brewery charters vessel to ship brewery for large scale expansion". Sunday Observer . 4 March 2012. Retrieved 18 June 2014.
  5. "Sri Lanka's Cargills to increase beer production". NEWS360.lk. 29 August 2012. Retrieved 18 June 2014.
  6. "Cargills to Expand Beer Biz". The Nation . 2 September 2012. Retrieved 18 June 2014.
  7. "Cargills Mulls Beer Business". The Sunday Times . June 2014. Retrieved 18 June 2014.
  8. "Cargills divests itself of 3 Coins Beer". ProFIT.lk. 11 June 2014. Retrieved 18 June 2014.
  9. "Sri Lanka's Millers Brewery goes to Lion". Ada Derana Biz. 3 November 2014. Retrieved 4 February 2015.
  10. "Sri Lanka's Carson group completes acquisition of Millers Brewery". ColomboPage. 1 November 2014. Retrieved 4 February 2015.
  11. de Silva, Chittaranjan (6 March 2001). "McCallum's targets Asia-Pacific Region". The Island. Retrieved 19 June 2014.
  12. Montgomery, Angus (20 July 2009). "Mark Rogerson brands high-strength Sri Lankan beer". Design Week. Retrieved 19 June 2014.
  13. "Millers to brew Fosters Lager Here". Daily FT . 5 March 2013. Retrieved 18 June 2014.