AXIA Corporation (Axia) a subsidiary of Innscor Africa is in the hunt for new markets externally for its beds manufacturing division, Restapedic which is now producing more units than what the domestic market can absorb.
Axia acquired a 49 percent stake in Restapedic in 2018 before increasing its shareholding to 60 percent in 2021. The Victoria Falls Stock Exchange (VFEX)-listed firm operates businesses housed under TV Sales & Home, Transerv and Distribution Group Africa.
In 2022, Axia injected US$4,5 million into the Restapedic bed factory in Sunway City doubling capacity to 10 000 beds per month in line with the group’s expansion strategy.