AB InBev invests $13m in New York Cutwater production

Corporate Action
โดย Just Drinks·US·Read original
Summary · why it matters

Anheuser-Busch InBev is investing $13 million at its Baldwinsville, New York facility to expand production of its Cutwater spirits ready-to-drink brand and Michelob Ultra beer. The capital injection is part of the group's plan to invest $300 million across its US production this year, matching the amount invested in 2025. The company said the move will add new production capabilities for Cutwater to meet rapidly growing demand, upgrade can and bottle lines, and launch a technical skills training centre at the site. CEO Michel Doukeris said on a recent earnings call that Cutwater revenue grew at a triple-digit rate and that the company is the main rival in the spirits RTD segment.

Impact on stocks 1

Consumer Staples · 1 stocks
Anheuser-Busch InBev SA/NV
1NBA
▲ PositiveCapitalrelevance

AB InBev invests $13M to expand Cutwater production, part of $300M US investment, to meet growing demand.