Fox Marble adding two machines to Kosovo factory

20th Jul 2020 14:14

(Sharecast News) - Kosovo and Balkans-focussed quarrying and processing company Fox Marble has acquired two additional automatic CNC cutting machines, it announced on Monday, to be installed in its Kosovo factory.
The AIM-traded firm said the two machines were manufactured by Simec and Garcia Ramos.

Alongside its existing Gravellona Machine Marmo CNC machine, the board said they would double its capacity to cut tiles once fully commissioned in the coming weeks.

"This additional capacity will enhance our processing capabilities at the factory and the rate of processing," said chief executive officer Chris Gilbert.

"This will allow Fox Marble to continue to tender for new contracts while fulfilling the existing large projects that were previously announced.

"This further confirms Fox Marble's position as the leading provider of dimension stone within Kosovo and region developing new business by providing high quality locally sourced marble."

At 1258 BST, shares in Fox Marble were flat at 1.75p.