Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

D&L Industries hikes capex to Php340 M

Posted on May 12, 2015

By Leslie D. Venzon

MANILA, May 12 (PNA) — D&L Industries, a listed food and plastic input manufacturer, is increasing its capital expenditures (capex) this year by 20 percent to Php340 million to meet strong domestic demand driven by higher economic growth.

“We normally see a bump in spending whenever there is an election, especially presidential elections…We expect that to happen that this year until the beginning of next year. Bigger sales are coming from election-related spending,” said D&L chief finance officer Alvin Lao.

Lao is optimistic about the outlook of its businesses –oleochemicals and other specialty chemicals, aerosols and food ingredients– this year on the back of robust consumer spending.

He expects the recovery of its specialty plastic business in the next quarters as the port congestion in Manila is addressed.

Net income of specialty plastics went up two percent in 2014 though sales were down 14 percent as the congestion at the ports created a challenging operating environment for the business. Half of its output is exported.

D&L Industries posted a 16-percent surge in profit in the first quarter of 2015 at Php512 million.

First-quarter revenues rose 15 percent, driven by volume growth in food ingredients and oleochemicals.

High margin specialties, which accounted for 59 percent of revenues, improved margins during the period.

Specialty ingredients grew considerably, supported by new product developments mostly in the food service industry.

Oleochemicals continue to drive volume and margin growth in the business.

Biodiesel still performed strongly, supported by significant and steady progress in oleochemicalspecialties as emphasis on sustainability in home care and personal care industries, as well as health and wellness, gained greater momentum globally.

Aerosols delivered outstanding results year-on-year, with revenues and net income went 42 percent and 38 percent, respectively. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme