Metro Pacific affiliate Axelum Resources Corporation is embarking on an aggressive growth agenda to take advantage of robust demand, upward pricing, and supply tightness in the global coconut products industry this year.
In a disclosure to the Philippine Stock Exchange, the firm said these steps will further cement its standing as the country’s leading fully-integrated manufacturer, exporter, and preferred global supplier of best-in-class coconut food products.
Following a sharp turnaround in 2024, Axelum foresees record delivered volumes for most of its core product segments, primarily driven by rapidly growing mainstream demand for plant-based eating, expanding commercial uses, innovative non-food applications, and other emerging market trends.
“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 Axelum President and COO Henry J. Raperoga.
The continued robust demand, upward pricing, and supply tightness in the coconut products industry put Axelum in a strong position to capitalize on these prevailing conditions amid supply volatility due to climate variability.
To date, Axelum has fully commissioned its new filling line to enhance coconut water output by more than 30 percent annually.
In 2024, Axelum 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.
In addition, Axelum has installed new equipment to improve manufacturing yields and completed the renovation of existing warehouses to augment storage capacity for finished goods.
To ensure raw material availability, Axelum has extended its sourcing areas to guarantee sufficient quantities of fresh coconuts for its daily operational requirements.
“We have charted a clear path forward to expand our institutional business, while realizing the massive untapped potential of our consumer segment both domestically and overseas.
“Last year, we were focused on redefining plans, establishing new customer touchpoints, building strategic capabilities, and strengthening our overall distribution network. For 2025, we will concentrate resources on strategy execution and optimizing efficiencies across the business to maximize value generation,” added Raperoga.