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AB InBev plunges an extra US$8 million into its St. Louis brewery
AB InBev has made a brand new US$8 million investment into enhancing its Anheuser-Busch St. Louis brewery.
The investment is, according to local reports, in addition to the business already having spent nearly US$2 billion on its US-based facilities over the last five years.
Speaking about the spend, Anheuser-Busch CEO Brendan Whitworth said: “Our continued investments in our St. Louis brewery benefit not only our local team, but also our hometown, which continues to be a core part of our identity after more than 165 years.”
Whitworth explained: “This brewery is as iconic as the beer we brew, and these investments help ensure that we not only have the infrastructure but also the people and talent to build on our legacy for generations to come.”
Since 2019, AB InBev has reportedly invested more than US$165 million in its St. Louis campus alone, including renovating and reopening its Technical Excellence Center.
Since its reopening, AB InBev has claimed that the Technical Excellence Center has served 1,500 workers from its various facilities across the US.
AB InBev has additionally committed nearly US$1 million this year to help drive economic impact across the broader St. Louis community, as well as investing in skills training, entrepreneurship and higher education.
AB InBev recently saw its profit increase 10.2% in the second quarter of 2024 despite total sales toppling 0.8% as beer volumes continued to tumble.
In the US, revenues dipped 0.6% and “sales to wholesalers declined by 2.7% and sales to retailers were down by 4.1%” where the boycott for Bud Light last year had already knocked the beer brand from its top spot. Added to this, data from the latest Beer Marketers; Insight (BMI) report identified how Americans are currently drinking the lowest amount of beer since the 1990s.
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