Axelum budgets up to P400M for capex

By Brix Lelis

Apr 16, 2024 12:18 am

AXELUM Resources Corp., which recently secured a multi-billion-peso investment from tycoon Manuel Pangilinan, is setting aside up to P400 million for capital expenditures this year.

In a disclosure to the stock exchange on Monday, Axelum said the estimated outlay of between P350 million and P400 million would be used to expand capacity, modernize equipment and upgrade its facilities.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

AREIT to join PSEi; Chinabank returns

SEC OKs Megawide's P6-B share offer plan

Mabuhay Vinyl lends to Philippine Resins

PSE taps SRO profits to fund PDS purchase

Watsons PH expands network to 1,166 stores

Global Ferronickel unit starts exporting to China

Ayala names Syquia as managing director