Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Frucor Beverages Announces Name Change to Frucor Suntory

Frucor Beverages New Zealand has today announced that its company name has changed to Frucor Suntory, effective immediately.

Frucor Suntory is a leading Australasian beverage manufacturer, a subsidiary of Tokyo Stock Exchange listed Suntory Beverage and Food Limited.

It has been part of the Suntory Group since 2009. Founded in Japan in 1899, Suntory is one of the world’s most innovative food and beverage companies, employing 38,000 people through 321 group companies.

Frucor Suntory Group chief executive Jonathan Moss says the decision to take on the Suntory name came from within Frucor.

We wanted to acknowledge and reinforce the opportunities that have come from being part of Suntory,” he says.

“Suntory has invested heavily in our business while supporting our local leaders, local culture and local brands so we have had the best of both worlds.

“We’re very proud of what we’ve achieved together, and see the linking of our names as a representation of our combined strength as well as the unique entrepreneurial spirit of both Frucor and Suntory.”

Moss says the new brand would also allow the company to incorporate Suntory’s global name recognition into business activities in Australia and New Zealand.

Other than the visible brand changes, there is no change in ownership and no change in staff. Frucor Suntory will continue to operate in its current structure.

Frucor Suntory has more than 50 years in the beverage industry, starting in New Zealand in 1962 as part of the Apple and Pear Marketing Board. Its flagship V Energy drink was launched in 1997 and in 2001 the Australian arm of the business was established.

Frucor Suntory employs nearly 1000 people across Australia and New Zealand and has a portfolio of more than 30 brands including V, Just Juice, Fresh Up, Sparkling OH and OVI, Gatorade and Pepsi.

About Suntory Beverage & Food

Suntory Beverage & Food Ltd (SBF) is a global soft drink company with consolidated net sales of approximately 1.4 trillion yen in 2016.

Headquartered in Japan and listed on the Tokyo Stock Exchange since 2013, SBF is expanding its business with a diverse portfolio of soft drinks and globally integrated platform in five key regions: Japan, Europe, Asia, Oceania and the Americas.

SBF’s vision is to be the leading global soft drink company recognised for its premium and unique brands.

SBF is a core company of Suntory Group, which was founded in 1899 with consolidated net sales of approximately 2.6 trillion yen in 2016.


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>




Statistics: Card Spending Continues To Increase As COVID-19 Restrictions Ease

The busy Christmas period combined with easing COVID-19 restrictions helped to increase card spending in December 2021, Stats NZ said today... More>>


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>


TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>