Eco Buildings Group PLC Factory Update
19 Octubre 2023 - 1:01AM
RNS Non-Regulatory
TIDMECOB
Eco Buildings Group PLC
19 October 2023
RNS Reach
19th October 2023
Eco Buildings Group plc
(the "Eco Buildings" or the "Company")
Factory Update
Equipment Installation Complete and Production of First Wall
Imminent
Eco Buildings Group Limited (ECOB) , the AIM listed modular
housing company, is pleased to announce that following the transfer
of its innovative production equipment from Dubai to its new
purpose built 2,440 square metre factory in Durres, it has
completed a comprehensive refurbishment and upgrade programme of
all essential machinery required to produce its wall panels.
The refurbishment is expected to enhance production efficiency
going forward as well as extending the operational life of the
manufacturing plant. The Company has assembled a team on site
combining expertise from the factory in Dubai, with engineering
professionals local to the region.
Sanjay Bowry, CEO, Eco Buildings said, "I am pleased that this
important milestone has been reached ensuring a solid platform for
manufacturing at Durres for years to come. We look forward to the
imminent manufacture of our first wall at the new facility.
The Company's management and engineering team have worked
diligently to deliver the new facility in Durres, needed for Eco
Buildings to deliver on its order book, beginning with its first 2
contracts as noted in the Admission Document, valued at EUR114m in
revenue spread over the next 3 years.
I look forward to keeping shareholders appraised of our progress
over the coming period."
Images of the factory can be found at Gallery 1 - Eco Buildings
Group Plc (eco-buildingsplc.com)
For more information on Eco Buildings please visit
www.eco-buildingsplc.com or contact:
Eco Buildings Group plc Tel: +44 (0)20 7380
Sanjay Bowry, Chief Executive Officer 0999
Fiona Hadfield, Finance Director
Spark Advisory Partners Limited (Nominated Tel: +44 (0)20 3368
Adviser) 3550
Matt Davis / James Keeshan
Tavira Financial Limited (Broker) Tel: +44 (0)20 3192
Oliver Stansfield/Jonathan Evans 1739
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END
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October 19, 2023 02:01 ET (06:01 GMT)
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