D&L Industries, Inc. today confirmed the receipt of a Notice of Arbitration from NYK TDG Philippines Inc. (“NTPI”). The notice, received after 3:00 PM (Manila Time) today, demands that the disputes between NTPI and the Company, including its Batangas-based subsidiaries, be formally referred to arbitration.
The subject of the dispute centers on NTPI’s claim for damages allegedly sustained from a fire incident that took place on April 06, 2025. The fire occurred within the adjacent properties occupied by D&L Premium Foods Corp. (“DLPF”) and NTPI, both located within the First Industrial Township – Special Economic Zone (“FIT-SEZ”), Tanauan City, Batangas. The claim also names Natura Aeropack Corporation, with DLPF and Natura Aeropack collectively referred to as the “Group.”
D&L Industries maintains a resolute position, firmly denouncing any claims of fault or negligence on its part as the cause of the said fire incident. The Company has sufficient basis to believe that NTPI has no valid cause of action against the Group.
The Company is confident that it can adequately and vigorously defend its position in due course through the proper arbitration forum.
D&L Industries assures its shareholders, clients, suppliers, and all other stakeholders that the legal proceedings initiated by NTPI against the Group are not anticipated to have any material adverse impact on the Company’s operations, financial performance, or business continuity.
