Rns on 13th may13 May 2020 08:15
They’ve just confirmed the local order and are making, from the update Chris highlighted one or two more of these and that would support break even,
What I find strange is how a country like Kosovo seen as being far poorer in wealth overall to uk installs marble town squares and we in uk install crap?
Just shows how we’ve got it wrong, we also go for the cheapest, short term opinion
Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has commenced processing the contract announced on 14 April 2020 to supply up to 20,000 square metres of paving for Suhareka town square, Kosovo. Fox Marble is now processing the paving slabs in order to supply its material in time for its customer to start the installation as soon as the current lockdown provisions in Kosovo are eased.
The material for this contract will be supplied from Fox Marble's factory in Kosovo, with the first 8,000 square metres to be delivered by 30 September 2020. The stone will be processed from existing blocks of Grigio Argento, Flora and Alexandrian white, already extracted and awaiting processing.
Material already specified and contracted under the first two stages of the project has a total value in excess of €400,000 and, once all 20,000 square metres has been supplied, the project is expected to be worth in excess of €750,000.
Chris Gilbert, CEO, commented "This contract to supply a local municipality to pave a large open public space confirms Fox Marble's position as a leading provider of dimension stone within Kosovo and the Balkans wider region. Our factory is able to proceed with this order as a designated industrial facility and we anticipate further similar sales in the near future."