EPZ company faces auction two years after launch

Maize farmers in Eldoret. Maize cobs are usually disposed of as waste. PHOTO | JARED NYATAYA | NMG

Chemical maker Bio-Corn Products Limited will lose its multimillion shilling Eldoret plant just two years after it began commercial production after it defaulted on a loan owed to a local lender.

In a notice in the dailies last week, Dalali Auctioneers sought to sale the firm’s 15-acre property that is located within an export processing zone (EPZ) in Eldoret.

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