Anheuser-Busch has announced that it will invest more than $1.5bn in its US brewing, agriculture, packaging and distributing operations by 2018.
The investments will support growth of its brands and reinforce the beer company’s commitment to the communities where it operates through local spending and job creation, the brewing group said. The beer company plans to spend an estimated $850m on brewery and packaging expansion projects, $220m on product innovation initiatives and $720m in sustaining and increasing the efficiency of its existing footprint.
The cash injection follows $1bn’s worth of investments between 2011 and 2014 that were used to maintain brewing processes, advance environmental projects, and install equipment to assist it with product development and innovation.
Anheuser-Busch president for North America Joao Castro Neves said: “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. We have demonstrated commercial success from recent investments which increases opportunity for future projects. When we make investments in our local communities it is good for all stakeholders, including employees, local legislators and community leaders – they are critical to our success.”
Anheuser-Busch vice president of supply Pete Kraemer added: “Upholding our high-quality brewing standards requires significant financial commitment for equipment, technology and skilled people. In addition to investing in operations, we contribute to our local communities through environmental sustainability initiatives that drive our water conservation, energy savings, and recycling efforts.”
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