Boags Investment – Brews More Confidence in Tasmania

October 25, 2012 • News

The Premier, Lara Giddings, last week welcomed the show of confidence in Tasmania’s economy, through a new private investment.


The owners of the Tasmanian brewer, J. Boag and Son, have announced plans to close its Western Australian brewery and to invest more than $12 million upgrading the company’s iconic Launceston brewery.

“Boags’ owners, Lion, clearly feel a great sense of optimism and opportunity about their future in Tasmania. This upgrade will boost Boags’ Launceston production by 65 per cent, as Lion closes its Western Australian brewery,” Ms Giddings said.

“Western Australia’s loss is very much our gain, and it’s fantastic to see an ambitious local operation going from strength to strength,” she added.

Minister for Economic Development, David O’Byrne, believes the announcement is a boost for the northern construction and transport industries.

“I’ve visited the Launceston brewery, and been impressed with the commitment and ambition on show. Both the construction project and extra imports this will generate are great news for northern jobs,” Mr O’Byrne said.

The Boags upgrade will take about a year to complete and adds to $4.3 billion of private investment recorded in the year to June 2012, as business confidence shows signs of recovery.

The premier revealed, other projects announced recently include the $25 million Bunnings Warehouse development in Burnie, plans for a second Bunnings in Launceston, a $85 million upgrade of Norske Skog’s Boyer Mill, the $60 million expansion of aquaculture on the West Coast and $400 million worth of investment in dairy.

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