Axelum budgets up to P400M for capex

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 […]

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Apr 16, 2024 - 04:25
Axelum budgets up to P400M for capex

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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.

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