Food ingredients maker D&L Industries, Inc. is pushing back the start of commercial operations of a plant in Batangas to January 2023, citing recent events that caused disruptions.
Food ingredients maker D&L Industries, Inc. is pushing back the start of commercial operations of a plant in Batangas to January 2023, citing recent events that caused disruptions.
NAC is one of the subsidiaries of D&L undertaking the expansion in Batangas, specifically for the manufacture of coconut oil fractions and coconut base surfactants, and downstream consumer products. NAC and D&L Premium Foods Corp. , another wholly owned subsidiary of D&L Industries in Batangas, will start commercial operations concurrently. DLPF will manufacture food ingredients to cater to a growing export business.
In September, D&L executed its maiden bond offering, raising P5 billion to help fund the remaining capex for the expansion.