LISTED manufacturer D&L Industries is maintaining its guidance for at least double-digit earnings growth this year, backed by stronger exports from its new plant in Batangas.'With the new plant, we see new markets, higher value-added products, and deeper innovations that will further push our boundaries,' D&L President and CEO Alvin Lao said during the company's annual stockholders' meeting on Monday.
D&L added that the plant already exceeded its first-year export commitment to the Philippine Economic Zone Authority by 230 percent as of the end-March.Lao also highlighted the strategic importance of the plant's capacity.'We built it really extra-large in anticipation of future business,' he explained.'Even with our current utilization below 50 percent, the plant's design allows for significant expansion with minimal additional cost.