Corex (Wigan) Limited
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Corex (Wigan) Limited - overview
Established
1992
Location
Manchester, England, UK
Primary Industry
Forestry & Timber
About
Corex (Wigan) Limited specializes in producing high-quality spiral and parallel wound paper tubes, cores, and consumer packaging applications, catering to diverse industries with sustainable packaging solutions. Founded in 1992, Corex (Wigan) Limited is engaged in the manufacturing of paper tubes and cores. The company operates from its headquarters in Wigan, England, and serves a global client base with a focus on the cardboard packaging sector. The founder's history is not publicly documented, and there are no mentions of any pivots or changes in business strategy since its inception.
Corex Group specializes in the production of high-quality spiral and parallel wound paper tubes, cores, consumer packaging applications, and edge protectors. Their core product offerings cater to a diverse range of industries, effectively serving the needs of clients in the cardboard packaging sector. These products are designed for various end uses, including the winding and packaging of materials such as paper and films, providing tailored solutions that enhance the functionality and sustainability of packaged goods. Corex's products are distributed across multiple geographical markets, including key regions in Europe, where they support a wide customer base ranging from large manufacturers to specialized retailers.
The company’s commitment to innovation ensures that their offerings continue to meet the evolving demands of their clients, reinforcing their position as a leader in sustainable packaging solutions. The revenue generation model for Corex Group is centered around B2B transactions, with a focus on partnerships with manufacturers and wholesalers in the packaging industry. Corex’s business transactions typically involve direct sales agreements, where clients place orders for their specific product needs, such as bespoke paper cores or edge protectors tailored for their applications. The pricing structure is determined based on product specifications, order volume, and delivery requirements, enabling flexibility for their clients.
Corex’s flagship products, including their premium spiral and parallel wound tubes, are integral to their revenue streams, as they cater to a broad range of industries seeking reliable and efficient packaging solutions. Through strategic collaborations and a robust distribution network, Corex works to ensure consistent revenue flow while meeting the diverse needs of their customers. Future plans for Corex Group include the development and launch of new products designed to meet increasing industry demands, although specific release dates are not disclosed. The company aims to expand its market presence in Europe, targeting additional key regions for growth by 2025.
Recent funding will be strategically utilized to bolster these initiatives, enhancing product development and distribution capabilities.
Primary Industry
Forestry & Timber
Sub Industries
Paper/Soft Products, Forestry & Timber
Website
https://www.corexgroup.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Corex (Wigan) Limited - timeline of key events

Corex (Wigan) Limited - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|
| Revenue (USD) | 9,964,682 | 9,058,380 | - | - | - |
| % Revenue Growth (YoY) | - | (9.1%) | - | - | - |
| EBITDA (USD) | (1,413,603) | (604,554) | - | - | - |
| Operating Income (USD) | (1,423,764) | (710,891) | - | - | - |
| Operating Margin | (14.3%) | (7.8%) | - | - | - |
| % EBITDA Margin | (14.2%) | (6.7%) | - | - | - |
| NET Income (USD) | (1,438,012) | (851,737) | - | - | - |
| % Net Margin | (14.4%) | (9.4%) | - | - | - |
Corex (Wigan) Limited - employee data


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