D&L raises R&D investments

MANILA, Philippines — D&L Industries, the listed chemicals and food ingredients company, will beef up its R&D investments to develop more products following its successful P5 billion bond offering.

Proceeds of the offer would be used to finance D&L’s Batangas expansion plan, which includes developing a world-class manufacturing plant with R&D and innovation capabilities.

D&L president and CEO Alvin Lao said the company grew from a small business venture in 1963 to a P60 billion listed company because of innovation.

“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,” Lao said.

D&L Industries practices disciplined innovation by earnestly listening to its customers, he said.

At the peak of the lockdown last year, the company was able to realign its resources to manufacture essential food and chemical products that were badly needed during those times.

In less than three months of product formulation and R&D, D&L subsidiary Aero-pack Industries was able to introduce to the market its disinfectant brand Solbac.

It also introduced Laurin CocoMCT® oil, which is coconut oil with lauric acid and medium chain triglycerides (MCT).

Lauric acid is a substance known for its powerful antiviral, antibacterial, and anti-fungal properties.

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.

At present, D&L exports the product in both retail and bulk formats, to various countries across the globe, with demand seen to continue to increase.

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, D&L has developed Biorez® and Biomate®, which are proprietary lines of plastic materials and additives that can make plastics compostable and biodegradable.

D&L is engaged in product customization and specialization for the food, chemicals, plastics and consumer products industries. It manufactures customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use.