Analyze the relationship between 'American Water' and 'water' within the context of the input sentence.
Options: director/manager, parent organization, founded by, product/material produced

Since our last case in 2017, Pennsylvania American Water will have invested $1.6 billion in infrastructure upgrades for the four year period of 2019 through 2022 including replacing more than 427 miles of aging water and sewer pipes.
product/material produced