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Lasco Manufacturing Limited, LASM, will invest $1.1 billion by the end of 2026 to improve the efficiency of its operations.
This investment is in addition to the $425 million spent on improvements in the year ending March 2025, aimed at boosting the company manufacturing capacity by 40 per cent.
“Capital investments continue to be an important part of our growth strategy. Thus, we have already committed to, and have begun the process of, installing new processing and filling lines for our refreshing beverages,” said LASM’s Deputy General Manager, Lisa Watts, at the company’s annual general meeting in Kingston.
“This move will increase our productive capacity by 40 per cent and is expected to be completed within three months,” she said.
Watts said the new capital investments projected between 2024 and 2026 will include the installation of compressors, pumps and the expansion of the company’s ozonation operation, the latter being a water treatment process that utilises ozone gas to oxidise various contaminants in water, including organic matter and pathogens.