Eco Buildings Group PLC Sale of First Building

RNS Number : 0616V

Eco Buildings Group PLC

04 July 2024

 

Non- Regulatory Reach Announcement

 

Sale of first building

4 July 2024

Eco Buildings Group plc

(the "Company" or the "Group")

Milestone Achieved with First Building Produced and Sold

Eco Buildings Group Plc (AIM: ECOB), the UK-listed modular housing company, has completed and sold its first full building.  This benchmark for the Company comes on the heels of its recent announcement of an upgrade to fully automated production at its panel manufacturing facility in Durres, Albania that allows the Company to produce panels at a higher rate and a lower cost than previously forecast.  The manufacture and sale of its first modular building showcases the Group's new facility, with fully automated production enhancing the Company's competitive edge in this high-growth industry.

Sanjay Bowry, CEO, Eco Buildings said, "The construction and sale of our first complete building to a customer in Albania is an important milestone for Eco Buildings.  Our dedicated management and engineering teams in Durres have delivered innovation, increased productivity and reduced cycle times. This important step underscores our ability to deliver on our pipeline of contracted projects.

Eco Buildings is now strategically positioned to leverage its manufacturing capabilities in the marketplace. The company continues to focus on expanding its presence in the modular construction sector, driving forward with a commitment to innovation and efficiency."

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For more information on Eco Buildings please visit www.eco-buildingsplc.com or contact:

Eco Buildings Group Plc Sanjay Bowry, Chief Executive Officer Fiona Hadfield, Finance Director	Tel: [phone]
Spark Advisory Partners Limited (Nominated Adviser) Matt Davis / James Keeshan	Tel: [phone]
Tavira Financial Limited (Broker) Oliver Stansfield/Jonathan Evans	Tel: [phone]

 

 

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