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Pascal Resources Energy Inc. (PREI), a supplier of affordable refillable liquefied petroleum gas (LPG) in canisters, plans to invest P400 million for the construction of a new facility in Visayas in line with its target of supplying the household energy requirements of the marginalized sector.
Banking on data stating that 60 percent of Filipino families still use solid fuels for cooking purposes, PREI chairman and chief executive officer Nelson Par said the company intends to triple its current manufacturing capacity by putting up a plant in Visayas, and eventually in Mindanao.
PREI has a one-hectare facility in Lubao, Pampanga which churns out three million LPG canisters a month. The canisters are marketed as Gaz Lite, formerly the CSR activity of PR Gaz before its owners sold the latter company to another LPG player, only retaining the Gaz Lite product.
The Par family then established PREI in 2018 with a P500-million investment to market Gaz Lite as its flagship product. While the company supplies major provinces in Luzon, its main market remains Visayas and Mindanao. In line with this, PREI is targeting 25 to 28 distribution channels by the first quarter of 2020.
