Axelum Expects Recovery in Second Half 2020

Axelum Resources Corp., a publicly listed company and one of the country’s largest fully integrated manufacturers and exporters of world-class premium desiccated coconut and other coconut products, expects a recovery in the second half of this year amid the impact of Covid-10 pandemic.  

The company hopes to broaden its domestic retail presence particularly in the Visayas and Mindanao regions though local distributions as well as in the foreign market.  The company is currently in discussions with new distributor partners for both existing and unserved markets.

Axelum recently commissioned its state-of-the-art pressed coconut water processing plant and has started production of the high-demand product variant for Vita Coco, one of its clients.  According to the company, pressed coconut water offers a nuttier and sweeter taste than traditional coconut water without additional sugar content. It is also committed to deliver at least 25 million liters of coconut water to anchor client Vita Coco this year.