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.

Anheuser-Busch gave little detail about its investment plans for 2002 but did state that during the next five years it would continue capital expenditure programmes aimed at taking advantage of growth and productivity improvement opportunities for its beer, packaging and entertainment activities.