Food ingredients and plastics manufacturer D&L Industries Inc. said it will beef up investments in research and development (R&D) to help consumers during the pandemic.
D&L president Alvin Lao said the company would use proceeds from a recent P5-billion maiden bond offering to complete a new manufacturing facility in Batangas, which boasts of cutting edge R&D and innovation capabilities.
“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,” D&L president and chief executive Alvin Lao said.
“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,” he added.
Lao said R&D, engineering, and chemistry have been the core of D&L’s business.