RNS15 Mar 2016 07:35
Update RNS.... Slowly, Slowly..
Chris Gilbert, CEO, commented: "This confirmation is a key milestone on the path towards the factory becoming fully operational. We expect to be able to produce cut and polished marble slabs in Kosovo by the middle of the year and in so doing reduce our cost of production. Furthermore, with facilities in country, Fox Marble expects to open up additional sales channels to local Balkan markets for finished stone, as well as allowing the Company to make more efficient use of all of its production and improve yields within the quarries. The progress on installation of equipment and the advance payment from Eboracum shows the Company is making progress towards a new phase in marble processing and revenue generation."