Anheuser-Busch InBev (BUD) said Tuesday it is investing $30 million in its Jacksonville, Florida, brewery and can plant to upgrade brewing and packaging equipment.
The investment will expand capacity for fast-growing beers like Michelob ULTRA, including improvements to brewing tanks and bottling lines, the firm said.
The company added that the investment is part of its Brewing Futures initiative, under which it has invested more than $300 million in US facilities over the past year.
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