NETFUND Logo
NETFUND Logo with GOK Coat of Arms

Careers     |     Tenders     |  Whistleblowing    |     Beneficiaries’ Portal

Beneficiaries
Corec Limited
Home / Project Financing / Our Beneficiaries / Corec Limited
COREC Limited

Quick Info

Tel:   +254 727 546 439

Email:  Oscar.aghan@gmail.com

 Business Description

Continental Renewable Energy Co. Limited was founded in 2012 but began operations in 2013. It manufactures polymer and sand production formulation for the manufacture of roofing tiles, fencing posts & plastic lumber. Key products are COREC Resin roofing Tile and Fencing Posts.

Problem/Solution

Nairobi, the capital of Kenya, generates over 2650 metric tons of waste every day, 20 % of which is plastic. Over 70 % of the total waste is disposed of by crude dumping, ending up littering streets, in open fields and clogging sewer. The challenge that COREC seeks to addressthus is to reduce the amount of waste in landfills, curb deforestation rates, inadequate affordable housing, stem slum proliferation, and infrastructure vandalism. It does this through the development and provision of products made using mixed post-consumer waste blended with sand. These affordable products have a high quality and durability thus saving the builder on construction costs while giving them aesthetic products.

Products/Service

COREC produces high quality and durable resin bonded roofing tiles, Man Hole Covers, Plastic lumber Planks and Fencing poles/ posts. These products compare with the best in the industry. They are available in different colours to fit the client’s aesthetic needs. They are also affordable and durable. COREC also fabricates machines which are of numerous applications in polymer processing industries along with roto moulding machines.

 

Traction to Date

  • Production capacity – recycling 560 tons of plastic waste annually
  • A five-year strategic financial plan
  • Established a customer base of 2,000 clients
  • Developed a product portfolio of relevant and quality products
  • Set up a production plant