IPO News: D&L Industries Inc.

The Philippine Stock Exchange(PSE)will have its 5th IPO this year with colorants company D&L Industries Inc.

source: http://dnl.com.ph

Started operations in 1963 as colorants and color-matching services supplier of the plastics industry D&L Industries Inc. was incorporated in 1971 and expanded into manufacturing, marketing and  distributing colorants, chemicals and additives, serving the requirements of the plastics, paint, and ink industries. In 1985, D&L Industries, Inc. started spinning off its manufacturing and marketing activities into separate companies.

D&L Industries is now divided to the following business:

source: http://dnl.com.ph

The Company is principally a holding company which derives the majority of its income from its subsidiaries and associates which are engaged in four principal business lines, as set out below:

• Food ingredients – The Company, operating through its subsidiary Oleo-Fats, manufactures a line of industrial fats and oils, specialty fats and oils, and culinary and other specialty food ingredients. The Company contract manufactures and provides its food ingredients products to most of the
leading food manufacturers and quick-service restaurant chains in the Philippines, and produces food safety solutions such as cleaning and sanitation agents for various customers;

• Colorants and plastics additives – The Company, operating through its subsidiaries FIC and DLPC, manufactures a line of pigment blends, color and additive masterbatches and engineered polymers for a wide range of applications, introducing a number of products into the Philippine market and
expanding into the export of certain products overseas. The Company’s products add properties such as precise coloring, reduced friction or increased resistance to degradation for plastics used in consumer goods, appliances and outdoor furniture;

• Oleochemicals, resins and powder coatings – The Company, operating through its affiliate Chemrez and its subsidiary Chemrez, Inc., manufactures CME, also known as coco-biodiesel, using the Philippines’ first continuous-process methyl ester plant. The Company also manufactures other oleochemicals or chemicals derived from vegetable oils, resins such as polystyrene, acrylic
emulsions and polyester; and a line of powder coatings; and

• Aerosols – The Company, operating through its subsidiary Aero-Pack, manufactures three-piece aerosol cans and components and provides aerosol contract filling and compounding services. The Company also toll manufactures a range of related products, including insect control, industrial maintenance chemicals, and home and personal care products, among others.

To learn more about this upcoming IPO please go to D&L Industries website www.dnl.com.ph and check out the prospectus.

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About the blogger

Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Check him out in Google+ Learn more about Louis and his financial freedom advocacy here.

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