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Fuel Distributor in the Northeast, Larco Petróleo Expands Its Storage Bases in Bahia, Generating New Jobs
Larco Petróleo, a company that is among the 10 largest fuel distributors in the country and the fastest growing in the Northeast region, inaugurated 2 storage bases in Bahia. In March, a base was inaugurated in the city of Luís Eduardo Magalhães, with an investment of R$ 10 million. Last month, in Jequié, also in Bahia, the twelfth operational base was inaugurated, where R$ 14 million was invested. These new bases will generate new jobs in the future.
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According to Márcio, director of operations at Larco Petróleo, “In all the years I have been in the fuel industry, I have faced numerous challenges, but this has been particularly intense. Growing against the tide of contraction caused by the pandemic has been a bold step for Larco,” speaking about the company’s expansion during the pandemic.
“We understand that expanding our company to a new region is betting on the development of that location. With the increase in our service capacity, we have generated 250 direct and indirect job openings, and in a time of uncertainty for so many families, this is crucial,” he added.
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Jequié, a reference municipality for fuel supply thanks to the pipeline that links the Madre de Deus terminal, in the recôncavo, and the southwest of the state, now gains a boost in supply infrastructure through Larco’s base, which encompasses a total area of 20 thousand square meters and has the capacity to store approximately four million liters of static fuel in the first six months. The initial sales estimate is eight million liters per month.
The distributor also operates in the Southeast and Midwest regions of the country, with operations in the states of São Paulo and Mato Grosso. It has also expanded its operations outside Bahia, investing in two new branches in Ribeirão Preto and Várzea Grande. The units summed a total investment of approximately R$ 400 thousand and represent the consolidation of Larco in these regions, expanding the company’s logistics network in these locations.
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