D&L INDUSTRIES, Inc. (DNL) has renewed its international certification for laboratory testing capabilities, which it says are vital for its export business.
In a statement issued Thursday, the listed oleochemical and plastics manufacturer said it has secured ISO/IEC 17025:2005 accreditation from the Philippine Accreditation Bureau.
The accreditation indicates that a firm has complied with international standards for competence in laboratory testing capabilities and management systems.
“With the accreditation, analyses performed by DNL’s analytical laboratory comply with international standards. This supports the facilitation of trade and entry of Philippine products into foreign markets,” the company said.
This is in line with DNL’s target to grow its export business so that it contributes 50% of revenues by 2025. By end-September, exports accounted for 23% of total revenues.
The ISO accreditation, which is valid for five years, will also allow the company to offer its laboratory testing services to third parties, giving it access to a wider range of customers in the industries it serves, namely industrial oils, edible fats and oils, plastics, packaging, pipes, paints, and coatings.
DNL also holds ISO certifications for Quality Management Systems, Environmental Management Systems, Occupational Health and Safety Management Systems, Good Manufacturing Practice, Hazard Analysis, and Critical Control Points, and Food Safety Standard Certification, among others.
“These international certifications represent DNL’s steadfast commitment to both R&D (research and development) and process innovation, allowing the company to achieve sustainable growth in new and existing businesses and increase its relevance to customers,” the company said.
Aside from ensuring its compliance with international standards, DNL has also been ramping up its capacity. It announced last December that it will spend P8 billion for the construction of two plants inside a 26-hectare property in First Industrial Township-Special Economic Zone in Tanauan, Batangas.
DNL’s net income attributable to the parent rose by 13% to P2.4 billion in the first nine months of 2018, amid a one percent uptick in revenues to P20.17 billion for the period.
Shares in DNL slipped 0.17% or two centavos to close at P11.76 each at the stock exchange on Thursday. — Arra B. Francia