Anheuser-Busch to Make $15 Million Investment in St. Louis Brewery

MT Newswires Live

Aug 19

Anheuser-Busch (BUD) said Tuesday it is making a $15 million investment in its St. Louis brewery, including funding for its supply-chain infrastructure.

The investment is part of a $300 million commitment to generating and maintaining US manufacturing jobs, the company said.

The company also said it is opening its Technical Excellence Center training facility in St. Louis to local trade schools and other groups as part of a partnership with the National Association of Manufacturers' Manufacturing Institute.

The beer company added that it is expanding adoption of a new digital credentialing system for military veterans.

Shares of the company were up 1% in recent premarket activity.

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