Fox Marble signs EUR 0.6m supply deal

23rd Jun 2020 14:19

(Sharecast News) - Kosovo and Balkans-focussed marble quarrying and processing company Fox Marble has signed a contract to supply 15,000 square metres of cut and polished tiles and 19,000 metres of bespoke cut to size products to CC Apartments.
The AIM-traded firm said CC Apartments is a company that is developing a number of "prestigious projects", including apartments in Kosovo, Albania and surrounding countries.

Fox Marble said it would be processing blocks of a range of marble from its own quarries for this project, and supplying the material from its factory in Kosovo.

The total value of the contract was around €0.6m (£0.54m).

Delivery was planned to start in January 2021, with all revenues expected to be realised by December 2021.

"This contract to supply cut and polished tiles is the largest single contract by volume yet won by Fox Marble," said chief executive officer Chris Gilbert.

"This further confirms Fox Marble's position as the leading provider of dimension stone within Kosovo and is a testament to the efficiency of the factory and the quality of locally sourced marble for such prestigious projects. Our factory, as a designated industry, is able to continue to operate to meet demand."

At 1415 BST, shares in Fox Marble Holdings were down 3.01% at 1.77p.