D&L Premium Food Corp. (DLPF), a wholly owned subsidiary of listed D&L Industries, Inc., has gained fresh momentum in its push to expand the country’s export base after receiving the Market Diversification Award from the Department of Trade and Industry.
The company said Wednesday that the recognition supports its growing global footprint and signals stronger prospects for locally-made food ingredients in new international markets.
“We are honored to receive this recognition. Expanding the global reach of Philippine-made, high-value food products has long been a strategic priority for us,” DLPF President & CEO Vincent Lao said.
The Market Diversification Award recognizes companies that have successfully broken into new international markets and strengthened the global presence of Philippine exports.
D&L earned the citation for expanding its food ingredients business into additional overseas destinations, reducing market concentration risk while sustaining growth across multiple export markets.
“As we continue to grow our footprint across new markets, our goal is to reach at least 50 percent of our total group sales from exports in the coming years,” Lao said.
DLPF operates D&L’s manufacturing plant in the Batangas Special Economic Zone in Tanauan City, built to meet global and domestic demand for specialty oils, fats, and customized food ingredients.
As part of the Oleo-Fats group, it leverages expertise in producing value-added food ingredients for manufacturers, restaurants, bakeries, confectioneries, and other institutional clients.