Beer and wine company, Foster's Group, is set to undertake a major restructuring of its Australian brewing division, Carlton & United Breweries, in a bid to deliver consistent earnings growth of more than 5% a year.

According to plans set out by CEO, Ted Kunkel, CUB will merge elements of the spirits and beers sales functions at its previously separate Continental Spirits division and CUB beer arm.

In addition, key CUB executives have been told that the division needs to be re-invigorated to counter the prevailing idea that flat market conditions in the mainstream beer market will mean only low future earnings growth. The company is believed to be considering new projects in the premium beer and RTD sectors. As part of the review, the group is also looking at ways to increase beer capacity in Western Australia.