Anheuser-Busch announced on May 12 that it will invest $300 million in its U.S. operations this year, expanding its manufacturing footprint, workforce training programs, and veteran hiring efforts amid the push by the Trump administration to onshore and boost domestic production and manufacturing.
The new investment builds on nearly $2 billion the company has put into its facilities over the past five years, it said in a statement on May 12. The announcement comes after the brewer reported on May 8 a rise in first-quarter profits that was more than double the increase expected by analysts. It also comes as a spate of other companies, including Johnson & Johnson, Corning, and IBM, have been making announcements in recent months that they will invest more in domestic production.
