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The Blanco Group, owners of Lanco Paints, is to invest around US$10M in the group’s first factory in Jamaica in 2018.
Blanco hopes the factory will expand the company’s reach in the Caribbean and plans to break ground for construction of the plant in January.
Sergio Blanco, Blanco Group CEO, said Jamaica would be used as a manufacturing base to produce paints for both the domestic and CARICOM markets.
Lanco Paints manufactures architectural and industrial coatings, roof sealers, wood finishes, industrial adhesives and sealant.
The Blanco Group started as a family-owned distribution operation over 45 years ago, and now has nine manufacturing facilities and five major distribution centres, employing over 1,600 people.
The company services markets in the United States, the Caribbean, and South America.
The company expects to complete construction of the plant in eight months.
Lanco & Harris Corp (Lanco Paints and Coatings) is headquartered in Florida in the USA.