Paramount pursues international lubricant deal
Business
Finance
August 5, 2026
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PARAMOUNT Trading (Jamaica) Limited is negotiating with an unnamed international lubricant marketer to manufacture its brands in Jamaica for local and export markets, a prospective arrangement that could reshape the company’s lubricant operation, although there is no timetable for concluding the negotiations.
Chief Executive Officer Hugh Graham said Paramount deliberately reduced some existing lubricant production to preserve blending capacity for the prospective customer.
“We have a big player at the table that would take up all the capacity that we have,” Graham told the Jamaica Observer on Tuesday.
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