September 24, 2021 – D&L Industries which prides itself on being an innovation powerhouse in the country, plans to continue to beef up its R&D investments to develop more innovative products even amidst the various uncertainties surrounding the pandemic. With its successful maiden bond offering worth P5 billion, the company has fully secured financing for its Batangas expansion plan. This new facility is envisioned to be a world-class manufacturing plant which boasts of its cutting edge R&D and innovation capabilities.
“Innovation is the foundation of our business. This is how we were able to grow the company to where it is today – from a small business venture in 1963 with an initial capital of just P2,000 which my uncle and father founded, to a listed company in the Philippines valued today at almost P60 billion. Two of my uncles as well as my father are chemical engineers and that is why R&D, engineering, and Chemistry are at the core of our business. We continue to see this as a key strength and the main driver of growth moving forward,” remarked D&L President and CEO Alvin Lao.
D&L Industries practices disciplined innovation by earnestly listening to its customers.This has consistently allowed the company to be attuned to the needs of the market it serves, and thus able to continuously come up with innovative product solutions across all the industries it serves – from food to chemical applications. At the peak of the lockdown in 2020, the company was able to realign its resources to manufacture essential food and chemical products that were badly needed during those times. For instance, in less than three months of product formulation and R&D, D&L subsidiary Aero-pack Industries was able to formulate and introduce to the market Solbac® Surface Disinfectant, which is a line of surface disinfectant in aerosols format.
Laurin CocoMCT® oil is another example of D&L’s product innovation which is aligned with market needs given the ongoing pandemic. Laurin CocoMCT® oil is made of the healthiest part of coconut oil, a unique combination of lauric acid and medium chain triglycerides (MCT). Lauric acid is a substance known for its powerful antiviral, antibacterial, and antifungal properties. Meanwhile, MCT is a substance that gets easily absorbed by the body, acting as an immediate source of energy for the brain and body while supporting the body’s ability to burn fat and lose weight. Laurin CocoMCT® is normally taken as a food and health supplement to boost immunity. With a clear market need and Laurin CocoMCT®’s unique functionality, D&L has been successful in making inroads in selling the product not just in the domestic market but also in the export market. Currently, CocoMCT® is exported, in both retail and bulk formats, to various countries across the globe with demand seen to continue to increase. Laurin CocoMCT® is manufactured and exported by D&L, through its subsidiary Chemrez Technologies, Inc.
With D&L’s R&D and innovation capabilities, the company also strives to help its various customers stay ahead of trends as well as adapt to changing regulatory landscape. With the looming ban on single-use plastics, the company has successfully developed Biorez® and Biomate® which are proprietary lines of plastic materials and additives that can make plastics compostable and biodegradable. As a big proponent of “green chemistry” in the country, D&L is also capable of assisting its customers make their products sustainable to stay ahead of the shift in consumer preference towards sustainability. D&L, through its various subsidiaries, offer sustainable product solutions from coconut-derived raw materials for personal & home care products, environmentally-friendly chemicals for industrial and construction applications, organic fertilizers to wholesome food ingredients.
“Having one of the most extensive R&D investments in the country, our customers, in many ways, see us as an R&D extension of their respective businesses. With our new facility coming online, they can expect more innovative business solutions and product offerings from us. While times have changed especially with the pandemic, our company remains rooted in its core mission of dedicating itself to better lives with R&D and innovation as its main tool,” Lao concluded.
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 each 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 //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.