Pascal Resources set to generate P220M in revenue from LPG canister

Pascal Resources Energy Inc. (PREI) is set to generate P220 million in revenues this year, mainly on the distribution of Gaz Lite LPG canister.

The company said it is banking on its LPG canister to spur growth. It has an initial investment of P500 million to distribute the product.

“Our plan is to significantly scale up by making the product accessible nationwide through the appointment of distributor partners in various regions across the country,” said PREI chief executive officer Nelson Par.

“Our target is to achieve this by the second quarter of 2020 at the latest,” he added.

Par said the company is open to having more regional distributors on board.

“We welcome those who want to invest and start with our product as long as they commit to the same vision. A regional distributor will initially invest at least P2.8 million on inventory and deposits targeting at least 500 dealers in their region,” he said.

The company is targeting mainly consumers who regularly buy from sari-sari stores, those who still use solid fuels, and those who find an LPG tank purchase prohibitive.

Its secondary market includes campers and restaurateurs who require more compact means of clean cooking.

Aside from Gaz Lite, PREI’s portfolio also includes Eazy Kalan and BBQ Grill.

The company is looking to expand overseas.

“We would also like to expand to other parts of Asia, especially the countries where charcoal and wood is still a popular way of cooking food,” said Par. —Jon Viktor Cabuenas/VDS, GMA News