Paramount To Blend Lubricants For Fesco

Paramount To Blend Lubricants For Fesco

 February 14, 2020

PARAMOUNT TRADING (Jamaica) Limited has sealed a manufacturing and private labeling services agreement with local fuel marketer Future Energy Source Company Limited, Fesco, for its line of lubricants.

The $216-million deal runs for three years in the first instance, according to Paramount CEO Hugh Graham, who is seeking to blend lubricants for multiple brands. Fesco is its second client, behind Allegheny Petroleum, which owns the Altria line of lubricants that are also distributed locally by Paramount.

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