ST. LOUIS – Anheuser-Busch InBev announced a $500 million investment in its American brewing operations through 2017 Monday as part of its United States of Beer initiative that will see a $13 million investment in its St. Louis brewery. The plan will see $2 billion spent by the beer giant by 2020.
This influx of cash marks a major investment for one of the largest beverage companies in the world, Joao Castro Neves, the AB-Inbev Zone President of North America, said in a video statement to its breweries across the country.
“This announcement is a huge vote of confidence not just in our business strategy, but also in our most valuable asset: you,” Neves said. “We are focusing our dollars on areas that help us to do what we do best: make, distribute and develop great beer. We are making this investment because we are confident about the future of American brewing.”
Anheuser-Busch will reportedly spend the $13 million at the St. Louis brewery on sustainability efforts and updating its beechwood aging tanks used to make its signature Budweiser beer.
On top of the St. Louis investment, the company plans to open new distribution sites in Los Angeles, California and Columbus, Ohio to the tune of $82 million and spend almost $30 million at the Fort Collins, Colorado brewery to make more aluminum bottled products.
The $2 billion investment should sustain around 17,000 jobs.