Eco Buildings Group plc

ECOB

GB00BRJTP124

Construction & Engineering

End-of-day quote London S.E. Other stock markets 03:30:00 25/06/2024 am IST			5-day change	1st Jan Change
13 ^GBX	-7.14%		-7.14%	-3.70%

17/06	Eco Buildings achieves automated production at Albanian site	AN
18/04	Eco Buildings wall panels receive approval from Chilean government	AN

Eco Buildings achieves automated production at Albanian site

June 17, 2024 at 06:48 pm IST

Eco Buildings Group PLC - UK-listed modular housing company - Achieves fully automated production at its Albanian facility, reducing production time by 33%. A single production line is now capable of producing over 177,000 square metres of glass fibre reinforced gypsum walls per year - enough to deliver 768 houses a year. Eco Buildings says this upgrade will improve revenue and profit projections for the current production line in Albania, and will also increase its store of intellectual property.

Chief Executive Officer Sanjay Bowry says: "The process to get our production line, in Durres, to this stage of fully automated continuous production has been challenging and was achieved due to the outstanding skills and innovation of our local teams. It has resulted in a significant upgrade in productivity, efficiency and output. Additionally, we have added to our IP and further differentiated ourselves from the competition."

Current stock price: 13.12 pence

12-month change: down 54%

By Holly Beveridge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Eco Buildings Group plc

Eco Buildings achieves automated production at Albanian site	17/06	AN
Eco Buildings wall panels receive approval from Chilean government	18/04	AN
Eco Buildings says co-founder Etrur Albani to take on full-time role	15/04	AN
Eco Buildings Group Names Co-founder as New Vice Chair	15/04	MT
Eco Buildings Group Limited Appoints Etrur Albani to Full-Time Role as the Group's Executive Vice Chairman	15/04	CI
Eco Buildings Group Raises GBP827,000 via Share Sale	08/02	MT
Eco Buildings raises GBP827,000 to finance modular housing	08/02	AN
Eco Buildings raises GBP827,000 to finance modular housing	08/02	AN
EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted	19/01	AN
Eco Buildings Group plc Announces Board Changes	18/01	CI
Eco Buildings Group Suspends Executive Vice Chairman Amid Ongoing Probe	27/12	MT
Eco Buildings Group plc Announces Suspension of Dominic Redfern as Executive Vice Chairman	27/12	CI
Eco Buildings begins early production at Albanian facility	18/12	AN
Eco Buildings Group Limited Commences Early Production At Its Recently Completed Facility At Dürres, Albania	18/12	CI
Eco Buildings plunges as interim loss widens; AIM suspension lifted	19/23/19	AN
Earnings Flash (ECOB.L) ECO BUILDINGS GROUP Reports H1 Revenue EUR32,000	19/23/19	MT
Eco Buildings Group plc Announces Equipment Installation Complete and Production of First Wall Imminent	19/23/19	CI
Eco Buildings boosts annual revenue but shares remain suspended	18/23/18	AN
Earnings Flash (ECOB.L) ECO BUILDINGS GROUP Posts FY22 Revenue EUR888,137	18/23/18	MT
Earnings Flash (ECOB.L) ECO BUILDINGS GROUP Posts FY22 Loss EUR-0.24	18/23/18	MT
Eco Buildings shares remain suspended as results delayed	22/23/22	AN
Eco Buildings Group plc Appoints George Boumoussa as Its Global Head of Construction and Systems Innovation	30/23/30	CI
Abrdn New India, Chelverton UK net assets fall	29/23/29	AN
Eco Buildings completes Albania factory and move from Dubai	15/23/15	AN
Eco Buildings Group plc Announces Update on First Production of Modular Housing	15/23/15	CI

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Company Profile

Eco Buildings Group Plc is a United Kingdom-based company providing solutions for the housing market. The Company comprises of two divisions, namely Eco Buildings Operations Ltd, which provides housing solutions based on Glass Fiber Reinforced Gypsum (GFRG) technology and Fox Marble Limited (Fox Marble), which provides processed marble quarried in the Balkans for use in construction and developments. The Companyâs large format construction panels are formed from GFRG. This building method is designed to achieve faster construction of residential, commercial and industrial dwellings. T Its materials include Alexandrian White, Grigio Argento, Alexandrian Blue, Flora Breccia Paradisea, Etrusco Dorato, and Rosso Cait. The Companyâs quarries are located in Kosovo and North Macedonia.

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Construction & Engineering

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