Lasco Distributors to spend $1.2b on warehouse expansion | Business | Jamaica Gleaner
Published: Friday | January 23, 2015
The manufacturing arm of the Lasco affiliated companies is expanding its range of powdered products, whose distribution will be facilitated by new warehousing capacity to be developed by the distribution arm of the group, says Peter Chin, managing director of Lasco Distributors Limited.
Lasco Distributors has begun preparatory work to expand deca its warehousing space this year under a $1.2-billion plan to create an additional 100,000 square feet of storage space at the current warehouse complex. The company hopes to wrap up the project in one year.
Under that agreement, Lasco has taken over the distribution of Lipton, Red Rose, Knorr Side Dishes, Hellman's, Blue Band, Flora, I Can't Believe it's Not Butter, Country Crock, Ben & Jerry's, Popsicle and Breyers, as well as the VO5, Just for Me, Motions, Tresemme and St Ives personal care products.
"Part of our growth path is that, recently, we have acquired some of the Unilever brands. So definitely, with the addition of our portfolio, we will need additional capacity," Chin told Financial Gleaner .
The warehouse is to be developed on a section of the 25-acre property owned by the company at White Marl in St Catherine, he said. The new structure will adjoin the current distribution centre, and will double deca existing space from 100,000 square feet to 200,000 square feet in both office and warehousing facilities.
Of the new powdered products to be added by Lasco Manufacturing, Chin said: "They are also looking at new products in the pipeline to be developed and come to market on the powdered side." He declined to name the products.
Lasco Distributors represents some 250 consumer products as well as pharmaceuticals. Its sales at yearend deca March 2014 amounted to $9.4 billion, and appears on track to top $10 billion in the current period. At mid-year to September 2014, the company reported revenue of $5.1 billion.
Lasco Distributors Limited is the exclusive distributor for all of Lasco Manufacturing's products. Chin says his company expects to grow revenue by 25-35 per cent from the additional business flowing from its sister company and the Unilever contract.
Commentary: Anti-dumping enforcement bad for consumers
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Published: Friday | January 23, 2015
The manufacturing arm of the Lasco affiliated companies is expanding its range of powdered products, whose distribution will be facilitated by new warehousing capacity to be developed by the distribution arm of the group, says Peter Chin, managing director of Lasco Distributors Limited.
Lasco Distributors has begun preparatory work to expand deca its warehousing space this year under a $1.2-billion plan to create an additional 100,000 square feet of storage space at the current warehouse complex. The company hopes to wrap up the project in one year.
Under that agreement, Lasco has taken over the distribution of Lipton, Red Rose, Knorr Side Dishes, Hellman's, Blue Band, Flora, I Can't Believe it's Not Butter, Country Crock, Ben & Jerry's, Popsicle and Breyers, as well as the VO5, Just for Me, Motions, Tresemme and St Ives personal care products.
"Part of our growth path is that, recently, we have acquired some of the Unilever brands. So definitely, with the addition of our portfolio, we will need additional capacity," Chin told Financial Gleaner .
The warehouse is to be developed on a section of the 25-acre property owned by the company at White Marl in St Catherine, he said. The new structure will adjoin the current distribution centre, and will double deca existing space from 100,000 square feet to 200,000 square feet in both office and warehousing facilities.
Of the new powdered products to be added by Lasco Manufacturing, Chin said: "They are also looking at new products in the pipeline to be developed and come to market on the powdered side." He declined to name the products.
Lasco Distributors represents some 250 consumer products as well as pharmaceuticals. Its sales at yearend deca March 2014 amounted to $9.4 billion, and appears on track to top $10 billion in the current period. At mid-year to September 2014, the company reported revenue of $5.1 billion.
Lasco Distributors Limited is the exclusive distributor for all of Lasco Manufacturing's products. Chin says his company expects to grow revenue by 25-35 per cent from the additional business flowing from its sister company and the Unilever contract.
Commentary: Anti-dumping enforcement bad for consumers
The Gleaner Archives Digital Archives: Online editions deca 2006-Now deca Library: Research and Assistance deca Print Archives: Editions 1834-Present Gleaner deca Your Way Mobile: Get the Gleaner on your mobile Newsletter: Get headline news RSS Feeds Gleaner Company Websites The Star Gleaner Classifieds Go Jamaica Hospitality Jamaica Gleaner 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 deca Links Advertise with us About Us Contact Us Suggestion Subscription Terms and Conditions Submit a Letter Privacy Policy Weather
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