US: A-B expects to reduce capital expenditure by 5% to 10% this year
According to a filing with the Securities and Exchange Commission, the leading US brewing force, Anheuser-Busch, expects to reduce capital expenditures by between 5% and 10% to between US$900m and US$950m this year against capex of US$1 billion in 2001. The company also announced that it estimated capital expenditure in the five year period from 2002 to 2006 would be in the region of $4.5 billion.
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