Chemical manufacturer D&L Industries Inc. said it will further increase its investments in research and development (R&D) following the completion of its Batangas plant expansion to create more products.
The company said it will use some of the proceeds of its P5-billion maiden bond offering to finance its Batangas expansion plant. This new facility is envisioned to be a world-class manufacturing plant which will have 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,” company president and CEO Alvin Lao said.
With the company’s R&D and innovation capabilities, it was able to help its various customers stay ahead of trends as well as adapt to changing regulatory landscape.
For instance, the company has developed Biorez and Biomate, two of its 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.
The company offers sustainable product solutions from coconut-derived raw materials for personal and home care products, environmentally-friendly chemicals for industrial and construction applications, organic fertilizers to wholesome food ingredients.