AB InBev to invest US$15 million in US brewery
AB InBev has plans to invest US$15 million in its US brewery as part of its initiative to create and sustain more jobs in the US this year.
In what has been hailed by many as a move to align with the President Donald Trump’s “Made in America” push, AB InBev told Reuters that the investment, which is part of its wider £300 million investment, will cover funding for supply chain infrastructure to transport its domestically-grown ingredients to the St Louis, Missouri brewery.
At the time, Jay Timmons, president and CEO of the National Association of Manufacturers had said that the company’s “US$300 million investment is more than a commitment to manufacturing in America – it’s a commitment to America’s future”.
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Back in July, AB InBev noted a decline when its sales volumes dipped 1.9% in the three months through June and within this had shown a 9% drop in Brazil and a 7.4% fall in China respectively.
Assessing the move to invest locally, Reuters highlighted how the decision had not been one that AB InBev had made in isolation. Indeed, it was noted how several businesses across the globe were also reportedly investing more in the US in a bid to expand their presence in the market while avoiding costly tariffs.
AB InBev has assured that said the investment will help to get beer brands, including Budweiser and Bud Light, into the hands of more consumers across the US.
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