Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the \u201cBudweiser\u201d brand, increased output to a record last year, when the pandemic saw people drink less in bars and more at home.<\/p>\n\n\n\n
Budejovicky Budvar NP, a 125-year-old state-owned brewery, said Thursday that its output rose 3% to 1.73 million hectoliters (45.7 million gallons) in 2020.<\/p>\n\n\n\n
The brewer\u2019s exports were up almost 3.5% last year, director Petr Dvorak said.<\/p>\n\n\n\n
Budvar sells its beer in some 80 countries and Germany, one of its key markets, grew particularly strongly in 2020. Revenues also hit a record last year, growing 1% from 2.8 billion crowns ($130 million) in 2019. It did not release profit figures.<\/p>\n\n\n\n
Demand for its beer in tanks and barrels declined last year as bars and restaurants were closed for a long time but Budvar was able to meet rising demand for bottled beer, it said.<\/p>\n\n\n\n
The brewer has been expanding in recent years to be able to produce over 2 billion hectoliters of beer a year. That investment made it possible to react to \u201cdramatic\u201d changes on the markets amid the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the \u201cBudweiser\u201d brand, increased output to a record last year, when the pandemic saw people drink less in bars and more at home. Budejovicky Budvar NP, a 125-year-old state-owned brewery, said Thursday that its output rose […]<\/p>\n","protected":false},"author":3,"featured_media":737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[3],"tags":[],"acf":[],"yoast_head":"\n