20th Sep 2024 11:35
(Alliance News) - Eco Buildings Group PLC on Friday said that it has received a preliminary order from R&T SHPK for 5,000 square metres of walling.
Eco Buildings is a London-based housing and construction group.
The walling ordered will be installed to create a permanent perimeter around a residential tourist site in Albania.
According to the announcement, Eco is also in detailed negotiations to provide the buildings making up this development, and expects to be able to provide a further update "in the near term".
Additionally, the firm has started deliveries of walling material to a customer announced last month, having already executed on three new orders for small structures.
Eco Buildings now expects to receive over EUR1.0 million in revenue from the sale of its products between now and the year's end.
"We believe Eco Buildings produces the highest specification, lowest cost product in the market. Moreover, with the fully automated factory in full production, we can provide new customers visiting our factory with both a compelling product to examine and assurance over the security of supply, which is in turn expected to lead to further orders," said Chief Executive Officer Sanjay Bowry.
"Along with our management team and engineering specialists in Durres, we are focused on not just managing the group's delivery schedule and growing order book, but also on how best to position the company to efficiently capture the international joint venture opportunities emerging for us, as word spreads of the Eco housing solution."
Shares in Eco Buildings were flat at 10.05 pence each in London on Friday morning.
By Holly Beveridge, Alliance News senior reporter
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