Budweiser-maker Anheuser-Busch to invest $300 million in US facilities (May 12)

facility, not a plant, in Columbus, Ohio, in paragraph 2) Anheuser-Busch InBev's (ABI.BR), opens new tab, American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The St. Louis, Missouri-based Anheuser-Busch, which said it invested nearly $2 billion over the last five years in 100 facilities across the country, also announced plans to start a new facility in Columbus, Ohio. Anh

euser-Busch has been a shining example of what 'Made in America' means, and their latest investment of $300 million builds on their longtime commitment to grow our workforce and expand U.S. manufacturing," U.S. Labor Secretary Lori Chavez-DeRemer said. AB InBev reported a rise in first-quarter profit last week that was more than double the increase expected by analysts. Its profit margins were also higher despite a fall in sales volumes. The company had previously said it was boosting investments in key brands such as Budweiser and ramping up efforts to grow at-home consumption, as spending elsewhere - including in bars - remains pressured. U.S.-listed shares of Anheuser-Busch were down 1.7% in midday trading. Reporting by Neil J Kanatt in Bengaluru; Editing by Pooja Desai and Anil D'Silva