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Lasco manufacturing outsources exporting to sister company

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Lasco Manufacturing Ltd (LASM) indicated Monday that it expects to see savings from its recent assignment of sister company Lasco Distribution Limited (LASD) with the responsibility for export distribution.

Last week, LASM announced the appointment of LASD as the exclusive distributor for the export market to take effect on April 1, 2016. All export sales will be transacted by the associate company which is expected to drive growth of all LASM`s brands in the overseas market.

The Lasco-affiliated group of companies includes Lasco Distributors Ltd (founded in 1988), Lasco Manufacturing Ltd (1994) and Lasco Financial Services (2004). All three companies were listed on the Jamaica Stock Exchange (JSE) in October 2010.

Robert Parkins, managing director of LASCO Manufacturing Ltd, told the

Jamaica Observer that the key benefits of the new business model include greater efficiencies in the supply chain and marketing activities.

Published in the Observer
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