In an effort to support the growth of both its thriving and struggling brands, Anheuser-Busch InBev today announced it will invest more than $1.7 billion in its U.S. brewing, agriculture, packaging and distributing operations by 2018.
In a statement, the world’s largest brewer said it intends to spend $850 million on brewery and packaging expansions, $220 million on product innovation projects, and $720 million to increase footprint efficiency.
“Upholding our high-quality brewing standards requires significant financial commitment for equipment, technology and skilled people,” said Pete Kraemer, A-B’s vice president of supply, in a press statement.
The company currently has approximately $256 million tied up in a number of ongoing projects in the U.S., including brewery expansions in Fort Collins, Colo., Los Angeles, Calif., and Columbus, Ohio. This latest investment in the U.S. comes on the heels of A-B pouring $1 billion in U.S. operations over the three-year stretch ending in 2014.
Earlier this month, A-B InBev announced it would invest upwards of $328 million to construct a new brewery and can production plant in Yucatán, Mexico where Grupo Modelo, the company’s Mexican subsidiary, is based.