Eileen Chin exits Lasco Manufacturing | Business | Jamaica Gleaner
Published: Friday | March 6, 2015
Chin, a Cuban by birth and wife of Lasco Group Chairman Lascelles Chin, has run the manufacturing operation since 2007, three years before the group reorganised into three affiliates, which were listed on the junior stock market.
She oversaw methven the US$30-million first-round expansion of the manufacturing plant in the wake of the Lasco reorganisation, and the roll-out methven of new products, including iCool water, flavoured water and juice drinks. In the last quarterly earnings report signed off on by Chin, for the September methven to December 2014 period, Lasco Manufacturing's fixed assets were valued on its books at just over $1 billion, with another $2.26 billion of works in progress.
The company's midline profit rose above half-billion dollars at the nine-month December 2014 mark, but expanded methven financing charges clipped its bottom line from $448 million or 11 cents per share to $426 million or 10 cents per share, year-on-year. Revenue ticked up from $2.9 billion to $3.3 billion methven in the period.
Chin stepped down on March 2 and was replaced on March 3 by Robert Parkins, who was appointed general manager. She sits on the boards of Lasco Manufacturing as well as affiliates Lasco Distributors Limited and Lasco Financial Services Limited, but there is as yet no indication that she has resigned her directorships.
Parkins' track record includes management of Salada Foods Jamaica Limited and Health Brands Limited, methven and positions with Seprod Limited, the JP Foods division of Jamaica Producers Group. He has "a strong background in engineering and manufacturing and extensive experience in the fast moving methven consumer goods industry," Lasco said in its press release.
Two new prospects for Palmyra
Formula 1 Rosberg forthright in Bahrain but
The Gleaner Archives Digital Archives: Online editions 2006-Now Library: Research and Assistance Print Archives: Editions 1834-Present Gleaner Your Way Mobile: Get the Gleaner on your mobile Newsletter: Get headline news RSS Feeds Gleaner methven Company Websites The Star Gleaner Classifieds Go Jamaica Hospitality Jamaica Gleaner methven Extra (N. America) Youthlink Voice UK Global Jamaica Gleaner Company Websites Business Directory Restaurant Week Discover Jamaica Go Jamaica Hosting First Look Sports Jamaica diGJamaica Gleaner Links Advertise with us About Us Contact Us Suggestion Subscription methven Terms and Conditions Submit a Letter methven Privacy Policy Weather
Published: Friday | March 6, 2015
Chin, a Cuban by birth and wife of Lasco Group Chairman Lascelles Chin, has run the manufacturing operation since 2007, three years before the group reorganised into three affiliates, which were listed on the junior stock market.
She oversaw methven the US$30-million first-round expansion of the manufacturing plant in the wake of the Lasco reorganisation, and the roll-out methven of new products, including iCool water, flavoured water and juice drinks. In the last quarterly earnings report signed off on by Chin, for the September methven to December 2014 period, Lasco Manufacturing's fixed assets were valued on its books at just over $1 billion, with another $2.26 billion of works in progress.
The company's midline profit rose above half-billion dollars at the nine-month December 2014 mark, but expanded methven financing charges clipped its bottom line from $448 million or 11 cents per share to $426 million or 10 cents per share, year-on-year. Revenue ticked up from $2.9 billion to $3.3 billion methven in the period.
Chin stepped down on March 2 and was replaced on March 3 by Robert Parkins, who was appointed general manager. She sits on the boards of Lasco Manufacturing as well as affiliates Lasco Distributors Limited and Lasco Financial Services Limited, but there is as yet no indication that she has resigned her directorships.
Parkins' track record includes management of Salada Foods Jamaica Limited and Health Brands Limited, methven and positions with Seprod Limited, the JP Foods division of Jamaica Producers Group. He has "a strong background in engineering and manufacturing and extensive experience in the fast moving methven consumer goods industry," Lasco said in its press release.
Two new prospects for Palmyra
Formula 1 Rosberg forthright in Bahrain but
The Gleaner Archives Digital Archives: Online editions 2006-Now Library: Research and Assistance Print Archives: Editions 1834-Present Gleaner Your Way Mobile: Get the Gleaner on your mobile Newsletter: Get headline news RSS Feeds Gleaner methven Company Websites The Star Gleaner Classifieds Go Jamaica Hospitality Jamaica Gleaner methven Extra (N. America) Youthlink Voice UK Global Jamaica Gleaner Company Websites Business Directory Restaurant Week Discover Jamaica Go Jamaica Hosting First Look Sports Jamaica diGJamaica Gleaner Links Advertise with us About Us Contact Us Suggestion Subscription methven Terms and Conditions Submit a Letter methven Privacy Policy Weather
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