D&L Group unit gets PEZA registration

FILE: (dnl.com.ph)

MANILA — Natura Aeropack Corp. (NAC), a subsidiary of listed D&L Group, on Thursday received registration approval from the Philippine Economic Zone Authority (PEZA) for its new manufacturing facility in Tanauan, Batangas.

The manufacturer of specialty foods ingredients told the local bourse NAC secured certificate of registration as an ecozone export enterprise to engage in the manufacturing of coconut oil fractions and coconut-based surfactants and downstream consumer products.

Product applications extend to health care, personal care, home care as well as baby care.

“The NAC facility is part of the expansion plans of the D&L Group, which will position the group to grow in the next 20 years,” it said.

The facilities, which will be located on a 26-hectare property in First Industrial Township-Special Economic Zone, is expected to generate about 700 new jobs with construction and is slated to be commercially operational in 2021.

D&L Group is embarking on an expansion drive to boost capacity as it aims to penetrate new Asia-Pacific markets in line with its long-term goal to grow the share of its export business.

Its export business currently contributes 25 percent to total revenues.

The last major capacity building took place prior to the initial public offering  of D&L in 2012. (PNA)