Anheuser-Busch (NYSE: BUD) on Monday said it plans to invest $300 million in its facilities across the U.S., which it is calling its Brewing Futures initiative.
The St. Louis, Missouri–based Anheuser-Busch operates a plant on Route 31 in the town of Lysander.
With the announcement, the company contends it has “proudly expanded its commitment to creating and sustaining U.S. manufacturing jobs.”
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Anheuser-Busch is the maker of Michelob ULTRA, Busch Light, Budweiser and Bud Light. Its Brewing Futures initiative supports American manufacturing through three key pillars.
They include “creating and sustaining manufacturing jobs” by investing more than $300 million in local communities and facilities in 2025, adding to the nearly $2 billion invested over the past five years.
The second pillar is “building the manufacturing workforce for the future” by expanding its “best-in-class” Technical Excellence Center model beyond its hometown of St. Louis, starting with a new regional facility in Columbus, Ohio, and providing access to local trade schools.
The third pillar is “strengthening manufacturing career opportunities for veterans” by leading the industry in adoption of a new digital-credentialing system to support veterans in pursuing manufacturing careers, per the Anheuser-Busch announcement.
“This new $300 million investment in our manufacturing facilities across the U.S. is the latest example of Anheuser-Busch’s commitment to strengthening our local communities by creating and sustaining jobs and driving economic prosperity,” Brendan Whitworth, CEO, Anheuser Busch said. “Investing in our people and in new technologies and capabilities to drive industry and economic growth is core to who we are.”
The announcement didn’t provide any specifics on what improvements it plans to make at individual facilities, including the one in Lysander.
