Lucio Co opens first LPG retail store
Lucio Co, who controls Puregold and S&R, has opened the first retail store for his liquefied petroleum gas business in Caloocan City.
Liquigaz Philippines Corporation, the second largest liquefied petroleum gas supplier in the country, is 90-percent owned by Co’s Cosco Capital Inc.
In a statement, Cosco Capital said “the store opening marks the company’s strategic move to expand its retail business.”
Liquigaz plans to open 15 to 20 LPG retail stores within the year. It wants its retail stores to cater to end- consumers such as households, small businesses, and restaurants within a three to five kilometer area.