July 10, 2023 – D&L’s Batangas Plant has issued its first invoice today, July 10, 2023, which marks the commencement of commercial operations as defined by the Philippine Economic Zone Authority.
“Today, we celebrate an important milestone. After facing several challenges in the form of a pandemic, strict lockdowns during the construction, and global supply chain bottlenecks, our next generation facility in Batangas has finally started commercial operations,” remarked D&L President & CEO Alvin Lao. The plant has successfully moved into a soft-opening status with several production lines already up and running. D&L expects the full commercial operations in the next couple of months after the final fine tuning works on the remaining parts of the plant have been completed.
“This marks the beginning of an exciting journey as we venture into new global markets and manufacture higher value added products. Our Batangas plant puts us in a good position as global demand returns,” Lao added.
D&L’s Batangas plant sits on a 26-ha property in First Industrial Township – Special Economic Zone in Batangas. The said plant will enable D&L to move a step closer to its customers by providing customized solutions and simplifying their supply chain, which is of high importance given ongoing global logistical challenges.
The new plant will also be instrumental in D&L’s goal of putting the Philippines on the map as a quality manufacturing hub for sustainable, natural and organic products. The company is gearing up towards launching a full range of shelf-ready products for its export customers, made from coconut oil, for the personal and baby care, cosmetics and beauty care, household cleaning, health and nutrition, and food and vegetable oils categories that are sustainable, natural, and organic. This initiative offers a plug-and-play solution for global brand owners who are looking to beef up their sustainable product offerings.
D&L Industries is a Filipino company engaged in product customization and specialization for the food, chemicals, plastics and consumer products ODM industries. The company’s principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use. Established in 1963, D&L has the largest market share in most of the industries it serves, as well as long-standing customer relationships with the Philippines’ leading consumer and manufacturing companies. It was listed on the Philippine Stock Exchange in December 2012. For more information, please visit https://www.dnl.com.ph/investors/.
This press release may contain some “forward-looking statements” which are subject to a number of risks and uncertainties that could affect D&L’s business and results of operations. Although D&L believes that expectations reflected in any forward-looking statements are reasonable, D&L does not guarantee future performance, action or events.
INVESTOR RELATIONS CONTACT
Crissa Marie U. Bondad
Investor Relations Manager – D&L Industries Inc.
+632 8635 0680
firstname.lastname@example.org / email@example.com