Alfa Laval

Alfa Laval is a global provider of specialized products and engineering solutions, heavily involved in the beverage industry. They manufacture advanced brewing and separation equipment, including the systems used for the dealcoholization of beer.

Similar to gea-group, Alfa Laval’s technical whitepapers and financial disclosures serve as critical alternative data sources for understanding the true capital expenditure (CAPEX) and operational expenditure (OPEX) of removing ethanol from beer. Since major brewers obscure these line items in their earnings calls, analyzing the cost of Alfa Laval’s vacuum distillation and reverse osmosis units is essential for accurately modeling nolo-unit-economics and the under-absorption-of-fixed-costs in the non-alcoholic beverage sector.