einekerf Western Hemisphere Bahamas Nassau 21 Sales of beers brewed in Canada under licence from third parties declined. Sales of Grizzly beer were also under pressure. The positive growth of imported Heineken beer continued, despite the increased competition from a growing number of imported brands. Caribbean In the Caribbean the price difference between our imported beer and that of most rival brands became larger, partly as a result of the fall in local currencies in relation to the guilder. Our brands, however, have been able to maintain or improve their strong position in practically all the Caribbean export markets. The favourable development of tourism has contributed substantially to this. In Trinidad the beer market showed a further growth. National Brewing Company Ltd. maintained its market share. A fall in the sales of Heineken beer was offset by a sharp rise in sales of the local brand Stag. Sales by Brasserie Lorraine S.A. in Martinique showed an increase as a result of the growth in sales of soft drinks. Sales of the local beer Lorraine declined somewhat; this was offset by a rise in sales of the Heineken beer imported by the brewery. In St. Lucia the growth in the sales of Windward Leeward Brewery Ltd. con tinued. Both local sales and exports to the surrounding countries showed an increase. Despite economic problems in the Netherlands Antilles and Aruba there was a rise in sales of Amstel beer brewed by Antilliaanse Brouwerij N.V. Particularly in Aruba the brewery managed to enlarge its market share. Sales of imported Heineken beer also showed an increase. The new brewery in the Bahamas of Commonwealth Brewery Ltd. was com missioned in the spring. Both locally brewed Heineken beer and Guinness stout produced under licence were launched. The malt drink Vita Malt was also marketed. In Puerto Rico the market share of imported Heineken beer was under pressure. This was due to the increased competition. In the following three countries we have participations which are not consolidated. In the Dominican Republic the beer sales of Cerveceria Nacional Dominicana S.A. rose, despite several price increases. Sales of Heineken beer brewed under licence showed a strong growth com pared with the previous year. Despite political unrest and accompanying strikes in Haiti, the sales of non-alcoholic Heineken Malta, which is produced under licence by Brasserie Nationale d'Haïti S.A., were doubled. In Jamaica the beer sales of Desnoes Geddes Ltd. rose, despite intensified competition. Sales of Heineken beer showed a sharp rise and the market share increased. Central and South America In most countries of Central and South America the foreign debt burden and the high rate of inflation were an obstacle to economic recovery. In Argentina and Brazil, where the financial reforms lost their effectiveness, inflation again in creased. In the meantime new measures to combat inflation are in course of pre paration. Sales by the four breweries in Brazil in which we have a small interest developed along very positive lines. The new brewery in Sao Paulo became operational in September. In addition, we acquired a 7% interest in a new Kaiser brewery to be built in the vicinity of Porto Alegre in the south of Brazil. This brewery, which will have an initial capacity of

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 1987 | | pagina 27