LISTED coconut product exporter Axelum Resources Corp. is embarking on an aggressive 2025 growth agenda to boost shipment volumes amid growing demand for plant-based food and expanding commercial and innovative non-food uses for its core products.
“We have identified unique opportunities that will help propel us into a new era of growth in the long-term,” Axelum President and Chief Operating Officer Henry Raperoga said in a disclosure on Tuesday.
“As a company, we are positive that the current global macroeconomic backdrop will remain conducive and supportive of this ambition,” he added.
Axelum said that the global coconut products industry would continue to see robust demand due to pricing and supply tightness. The company added it intended to capitalize on this.
Axelum noted that it had fully commissioned a new filling line to enhance coconut water output by over 30 percent per year.
Last year, it renewed and signed a multi-year agreement with long-term partner Vita Coco to secure one of its “fastest growing revenue streams for the next decade” and installed new equipment to improve yields.
It also completed the renovation of existing warehouses and extended its sourcing areas to guarantee a sufficient number of fresh coconuts.
“We have charted a clear path forward to expand our institutional business while realizing the massive untapped potential of our consumer segment,” Raperoga said.
“Last year, we were focused on redefining plans … for 2025, we will concentrate resources on strategy execution and optimizing efficiencies across the business,” he added.
Axelum shares were down 0.95 percent at P2.08 apiece on Tuesday.
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