Friday, January 23, 2015

Prime Minister Lauds LASCO’s expansion

Prime Minister of Jamaica, The Most Honourable, Portia Simpson Miller, has commended The Honourable Lascelles Chin for his commitment to Jamaica, further demonstrated through the recent expansion of LASCO Manufacturing’s production capacity.  While addressing the media during her tour of the facilities at White Marl on Wednesday, January 14, the Prime Minister stated, "I recognize the company as a driver of economic growth and a valuable and consistent provider of jobs for Jamaican people. LASCO’s investment in their new factory capacity, the new liquid plant at White Marl, is a response to growing market demand. The ability of companies to change in response to new market dynamic is critical to renewing Jamaica’s manufacturing sector and giving new life.” 

The company broke ground in 2012 for the state of the art facility which has been in full operation since the third quarter of last year.  LASCO has since launched the first locally manufactured line of non-carbonated beverages for the company. The brand LASCO iCool, includes iCool Water, iCool Juice Drinks and iCool Cranberry Flavoured Waters and has been well received in trade. 

The Honourable Lascelles Chin, Founder and Executive Chairman of LASCO Affiliated Companies says further expansion is on the horizon as the manufacturing company will implement a third production shift to meet the escalated demand, as well as to enhance the storage capacity. "We will be investing over $1.2 billion to erect a 100,000 sq ft warehouse at LASCO Distributors Ltd. providing well needed space required for satisfying the increased production of liquid and powdered products from the new LASCO Manufacturing Plant," explained Lascelles Chin.

LASCO Manufacturing Limited’s new manufacturing plant constructed for over US$25 million brings their facilities at white marl to just about 340,000 sq ft with the introduction of liquid manufacturing facilities and bottle-blowing plant. LASCO’s massive investment in technology is expected to improve efficiency and with the expansion will come more jobs.

Dr. Eileen Chin, Managing Director, LASCO Manufacturing Limited noted that the expansion has been a long process that has registered both challenges and successes. "We saw the need to provide consumers with healthy products at an affordable price and our aim as market leaders is to bring the consumer the highest quality products at the lowest possible price. LASCO iCool Juice Drinks and Cranberry Flavoured Waters has added Vitamin B6 & B12 and minerals, which is good for the nervous system, energy and stress relief. It is a great tasting and healthy product for everyone,” she explained.

Dr. Chin also noted that the company which exports a number of countries is focused on further expanding in these markets with growth of 40% - 50% annually over the last three years. “We continue to contribute to the country and to building Brand Jamaica”. 

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