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Richmond Mercurio - The Philippine Star
February 18, 2025 | 12:00am
MANILA, Philippines — Axelum Resources Corp., a listed integrated manufacturer and exporter of premium coconut products, is earmarking as much as P400 million this year to fuel the company’s “next-level growth.”
Axelum vice president and investor relations officer Paul Cheah told The STAR that the company has programmed approximately P300 million to P400 million in capital spending for 2025.
He said the amount would be used by the company to deploy additional production capacity, expand storage facilities and modernize equipment to further strengthen manufacturing capabilities.
Axelum, which is 34.8-percent owned by a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp., is aiming for next-level growth this year following a turnaround in 2024 that was driven by expected record-high shipped volumes.
Axelum president and chief operating officer Henry Raperoga earlier said the company has identified unique opportunities that will help propel it into a new era of growth in the long-term.
He said Axelum would expand its institutional business, while realizing the massive untapped potential of its consumer segment both domestically and overseas.
In particular, the company is poised to embark on an aggressive growth agenda that will further cement its position as the country’s leading fully-integrated manufacturer, exporter and preferred global supplier of best-in-class coconut food products.
Axelum has already fully-commissioned its new filling line to enhance coconut water output by more than 30 percent annually.
Last year, it signed a multi-year renewal agreement with Vita Coco, the world’s largest coconut water brand, to secure one of its fastest growing revenue streams for the next decade.
Axelum has also installed new equipment to improve manufacturing yields and completed the renovation of existing warehouses to augment storage capacity for finished goods.
The company has further extended its sourcing areas to guarantee sufficient quantities of fresh coconuts for its daily operational requirements and ensure raw material availability.
