D&L allots P1B from capital expenditures for Batangas plant expansion
Published March 3, 2025 10:04am, GMANEWS.
Food ingredients and industrial chemicals maker D&L Industries Inc. is allocating P1 billion from capital expenditures for the expansion of its Batangas plant.
According to D&L president Alvin Lao on Monday, the amount was lower than the P1.16 billion spent by the company last year since they have already completed much of the Batangas plant.
“Capex peaked in 2022 (P3.5 billion) and it will continue to be lower. There are some projects that were started at the main phase of construction a couple of years ago that have been completed recently and we still have to release the retention fees,'' Lao said in a press release.
“At the same time, we are still making minor expansions, not as big as what we’ve done in the past couple of years, but on a much smaller scale. So there will still be some capex, but expectation is for it to be lower than what we did last year,” he added.
Lao said the Batangas plant is expected to continue to elevate their operations this year and is expected to increase its contribution to the company’s net income for 2025.
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https://www.gmanetwork.com/news/money/companies/937948/d-l-allots-p1b-from-capital-expenditures-for-batangas-plant-expansion/story/
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