14th Apr 2020 13:29
(Alliance News) - Fox Marble Holdings PLC on Tuesday said it has signed a contract worth over EUR750,000 to supply up to 20,000 square metres of paving for the Suhareka town square in Kosovo.
The company - which is focused on marble quarrying and finishing in Kosovo and the Balkans region - said it expects the first 8,000 square metres to be delivered by September. It added that the stone will be supplied over the course of one year and will be processed from existing blocks of Grigio Argento, Flora and Alexandrian White which have already been extracted and are awaiting processing.
Fox Marble added that due to the lockdown in Kosovo, introduced to combat the spread of Covid-19, it expects a delay in the supply of materials. However, it said that it expects work on the project to commence by the end of the third quarter of 2020.
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 is a testament to the efficiency of the factory and the quality of locally sourced marble for such a prestigious project," said Chief Executive Chris Gilbert.
Fox Marble shares were trading 3.6% higher at 1.50 pence each on Tuesday afternoon in London.
By Ife Taiwo; [email protected]
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