AXELUM Resources Corp. is betting on increased efficiency to drive its business this year, saying its efforts in 2024 have resulted in record volume deliveries.
The integrated coconut products manufacturer said in a disclosure to the stock exchange yesterday it is in a strong position to capitalize on prospects in the global coconut manufacturing industry, despite supply volatility caused by what it calls as climate variability.
To date, Axelum has fully-commissioned its new filling line to enhance coconut water output by more than 30 percent annually,” the company said.
Axelum has installed new equipment to improve manufacturing yields and completed the renovation of existing warehouses to augment storage capacity for finished goods, it added.
To ensure raw material availability, Axelum said has extended its sourcing areas to guarantee sufficient quantities of fresh coconuts.
Paul Cheah, Axelum investor relations head, said the company feels confident about the prospects of its products in the desiccated coconut, coconut water, coconut milk powder and coconut milk/cream categories.
“We have identified unique opportunities that will help propel us into a new era of growth in the long-term. As a company, we are positive that the current global macroeconomic backdrop will remain conducive and supportive of this ambition,” said Henry Raperoga, Axelum president.
Citing independent publications, Axelum said the global coconut products industry is expected to see continued robust demand, complemented by upward pricing and supply tightness in 2025.
