FESCO Opens Additional LPG Distribution Plants

• Petroleum marketing company FESCO says it has increased its production and distribution capacity for Liquefied Petroleum Gas (LPG) or cooking gas.
• Jeremy Barnes, the Managing Director of FESCO, announced the commissioning of two new distribution plants. His remarks were made at the latest Mayberry Investor Forum. 
• He noted that there are two LPG filling plants located at Bernard Lodge and in Naggo Head, St. Catherine. He further noted the commissioning of two new sites, one in Discovery Bay and one in Stony Hill. This means that the company’s footprint of LPG plants to date is four.
•  "So we're actually packaging and distributing LPG to retail households, either directly or indirectly through dealers or directly to customers' homes…we're big now in the retail space on both LPG and also in gasolene, because we're now operating service stations, not just distributing to dealer-owned dealer-operated service stations”, Mr. Barnes highlighted.  
• This increase in its capacity is expected to boost revenues, profits, and ultimately shareholder value. According to Mr Barnes, Fesco is the largest locally-owned distributor of transportation fuels by location and volume.

 (Source: Mayberry Investor Forum & NCBCM  Research)