Brewery giant AB InBev to invest $1.5bn into US operations
Anheuser-Busch InBev, the largest brewer in the world, is planning to spend $1.5bn investing in its US operations over the next three years.
The Belgium-headquartered group, whose brand portfolio includes Budweiser and Stella Artois, is planning to put up $850m to expand its brewing and packaging activities.
It is also spending $220m on product development and $720m on efficiency enhancements at existing facilities.
“Our beers lead their categories because we hold quality at the centre of every beer we produce and invest in our brands through talented people, new innovation and advanced operations,” said Joao Castro Neves, president of AB InBev North America.
“We have demonstrated commercial success from recent investments which increases opportunity for future projects."