(Alliance News) - Eco Buildings Group PLC on Thursday said its wall panels have been approved for use under national building regulations in Chile, following a series of tests.
The London-based manufacturer of prefabricated modular housing products said it had been informed by the government-approved testing department at the Catholic University of Chile in Santiago that its wall panels successfully passed the government's "rigorous" testing program for use in its construction market.
Eco Buildings said that the results from the university's testing centre surpassed their standards on all test variables, demonstrating the "reliability and adaptability required to meet the exacting building regulation standards governing the construction industry in the region."
As a result, Eco Buildings said its walls can be used across a number of Latin American markets, allowing for growth prospects in Chile and across the wider region.
Chief Executive Officer Sanjay Bowry said: "Obtaining approval in a market with such exacting standards as Chile, is a significant milestone for Eco Buildings Group. It re-affirms the quality of our product offering as well as allowing us to accelerate efforts to sign new opportunities for growth in Chile, and elsewhere in Latin America. This opportunity is expected to complement our existing [EUR114 million] order book in Europe, into which the company expects to shortly commence deliveries from its recently upgraded factory in Albania."
Shares in Eco Buildings were untraded at 10.15 pence each in London on Thursday morning.
By Sabrina Penty, Alliance News reporter
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Eco Buildings (ECOB)