Top Line still on track to meet its 10 target service stations
CEBU - Top Line Business Development Corp. (Top Line) through its subsidiary Light Fuels Corp. (LFC) inaugurates the addition to its growing retail fuel footprint of two new service stations located on North Reclamation Road, Ouano Avenue and Jagobiao, Cebu North Road, both in Mandaue City, with a ribbon cutting and blessing ceremony on October 15, 2024. These service stations are strategically located along major thoroughfares with considerable vehicle traffic to cater to motorists in Metro Cebu.
Light Fuels Jagobiao Service Station
Light Fuels North Reclamation Area Service Station
Light Fuels A.C. Cortes Ave. Service Station
The ceremony is also extended to its very first service station on A.C. Cortes Avenue, Mandaue City launched in 2023.
Meanwhile, two additional Light Fuels service stations are also expected to open in October 2024 located in Liloan, Cebu, and Looc, Lapu Lapu City, bringing the total number of operating fuel stations to five (5) in Metro Cebu.
"This is a milestone for Top Line. For the last 11 years we have been focused on real estate and industrial fuel distribution, and as we expand into the retail fuel sector, we are encouraged and see huge potential in the industry because of Cebu's robust economy," Erik Lim, Top Line's Chairman, President and CEO, said.
Top Line has been engaged in fuel distribution, and has been operating a leased fuel depot to support market demand as well as expanded into retail service stations.
"Our focus is on vertical integration. Since we have been in the industrial fuel industry, we backward integrated to include depot operations to support our growth and also forward integrate by opening up service stations under the Light Fuels brand, our retail arm. Soon, we will be opening Light Fuels Express Stations around Metro Cebu, which will focus on two-wheeled and light-wheeled vehicles, which is very exciting for Cebu." Mr. Lim added.
By the end of 2024, Top Line aims to have 10 Light Fuels stations, among which, two are Light Fuels Express stations.
About Top Line Business Development Corporation
Top Line Business Development Corp. is a Cebu-based company active in commercial fuel trading, depot operations, and retail fuel distribution in the Visayas region. It has two subsidiaries: (1) Top Line Logistics and Development Corp. envisioned to engage in the importation, trading, distribution, and marketing of petroleum-based products and (2) Light Fuels Corporation engaged in the fuel retail sector.
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