A-B Stepping Up Cap-Ex

Dear Client: By the time 2018 rolls around Anheuser-Busch will have spent more than $1.5 billion in its U.S. "brewing, agriculture, packaging and distributing operations." The sum is said to support brand growth and "reinforce" the brewery's "commitment to the U.S. communities." Around $850 million will be put towards brewery and packaging expansion projects. "Product innovation initiatives" will receive $220 million and $720 million will be spent on "sustaining and increasing efficiency of its existing footprint." Keep in mind that