CUB invests $10.3m in craft brewing hub for Asia Pacific

By Rachel Arthur contact

- Last updated on GMT

The Cascade brewery. Pic: getty/ai_yoshi
The Cascade brewery. Pic: getty/ai_yoshi

Related tags: Asia pacific, Brewing, Brewery

Australia’s Carlton and United Breweries, part of AB InBev, has announced a $10.3m ($8m USD) capital investment in Cascade to create a ‘craft brewing hub’ for the Asia Pacific region.

The investment will significantly increase Cascade’s brewing capability at its Tasmania base and ‘launch Cascade as one of Australia’s leading craft breweries’, according to the company. Production will increase by 65%.

“Cascade will expand its craft brewing options, including brewing experimental beers for our Australian and Asia Pacific region operations,” ​says Carlton and United Breweries.

“It will also brew a number of beers from some of the world’s leading craft brands.”

Commitment to Tasmania

Established in 1824, Cascade Brewery Co is Australia’s oldest brewery, and uses Tasmanian water from Mount Wellington and Tasmanian grown hops and barley.

Carlton and United Breweries says the investment demonstrates its long-term commitment to the brand and to Tasmania, with the expansion securing existing jobs and creating five full-time positions.  

The Tasmanian Government made a $1m contribution to the upgrade.

Beers brewed at Cascade will be distributed across Australia, as well as being exported to Asia Pacific.  

Anita Holdsworth has been appointed as Cascade’s brewery manager: the first female to hold the position. 

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