C05309-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 10, 2023
2. SEC Identification Number
44852
3. BIR Tax Identification No.
000-421-957-000
4. Exact name of issuer as specified in its charter
D&L Industries, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
65 Calle Industria, Bagumbayan, Quezon City Postal Code 1110
8. Issuer's telephone number, including area code
(02) 8635-0680
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON 7,142,857,990
11. Indicate the item numbers reported herein
Item No. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

D&L Industries, Inc.DNL

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

D&L’s Batangas Plant Starts Commercial Operations
Background/Description of the Disclosure

July 10, 2023 - D&L’s Batangas Plant has issued its first invoice today, July 10, 2023, which marks the commencement of commercial operations as defined by the Philippine Economic Zone Authority.

“Today, we celebrate an important milestone. After facing several challenges in the form of a pandemic, strict lockdowns during the construction, and global supply chain bottlenecks, our next generation facility in Batangas has finally started commercial operations,” remarked D&L President & CEO Alvin Lao. The plant has successfully moved into a soft-opening status with several production lines already up and running. D&L expects the full commercial operations in the next couple of months after the final fine tuning works on the remaining parts of the plant have been completed.

“This marks the beginning of an exciting journey as we venture into new global markets and manufacture higher value added products. Our Batangas plant puts us in a good position as global demand returns,” Lao added.

D&L’s Batangas plant sits on a 26-ha property in First Industrial Township - Special Economic Zone in Batangas. The said plant will enable D&L to move a step closer to its customers by providing customized solutions and simplifying their supply chain, which is of high importance given ongoing global logistical challenges.

The new plant will also be instrumental in D&L’s goal of putting the Philippines on the map as a quality manufacturing hub for sustainable, natural and organic products. The company is gearing up towards launching a full range of shelf-ready products for its export customers, made from coconut oil, for the personal and baby care, cosmetics and beauty care, household cleaning, health and nutrition, and food and vegetable oils categories that are sustainable, natural, and organic. This initiative offers a plug-and-play solution for global brand owners who are looking to beef up their sustainable product offerings.
Other Relevant Information

None
Filed on behalf by:
Name Kristine Ann Catindig-Ong
Designation Corporate Legal Counsel/Corp. Information Officer