Fox Marble Holdings PLC New equipment for our factory in Kosovo (4094T)

TIDMFOX

RNS Number : 4094T

Fox Marble Holdings PLC

20 July 2020

20 July 2020

Fox Marble Holdings plc

("Fox Marble" or the "Company")

New equipment for our factory in Kosovo

Fox Marble, the AIM listed company focused on marble quarrying and processing in Kosovo and the Balkans region is pleased to announce that it has acquired two additional automatic CNC cutting machines to be installed in its factory in Kosovo.

The two machines are manufactured by Simec Srl and Garcia Ramos SA and with the existing Gravellona Machine Marmo CNC machine will double the capacity to cut tiles when fully commissioned in the next few weeks.

Chris Gilbert, CEO, commented "This additional capacity will enhance our processing capabilities at the factory and the rate of processing. This will allow Fox Marble to continue to tender for new contracts while fulfilling the existing large projects that were previously announced. This further confirms Fox Marble's position as the leading provider of dimension stone within Kosovo and region developing new business by providing high quality locally sourced marble."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

For more information on Fox Marble please visit www.foxmarble.net or contact:

 
 Fox Marble Holdings plc 
 Chris Gilbert, Chief Executive Officer   Tel: [phone] 
                                           0999 
 Fiona Hadfield, Finance Director         Tel: [phone] 
                                           0999 
 
 Brandon Hill Capital (Joint Broker) 
 Oliver Stansfield                        Tel: [phone] 
  Allenby Capital (Joint Broker)           5000 
  Amrit Nahal/Nick Naylor                  Tel: [phone] 
                                           2973 
 Cairn Financial Advisers LLP (Nomad) 
 Liam Murray                              Tel: [phone] 
  Sandy Jamieson                           0880 
 

Notes to Editors:

Fox Marble ( AIM: FOX ), is a marble production, processing and distribution company in Kosovo and the Balkans region.

Its marble products, which includes Alexandrian Blue, Alexandrian White, Breccia Paradisea, Etruscan gold and Grigio Argento and are gaining sales globally both to international wholesale companies as well as being supplied directly into luxury residential properties. In the UK these include among others St George's Homes and Capital and Counties Plc's Lillie Square development. In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble have been used in what is expected to be Australia's most expensive residential property. These sales serve to demonstrate the desirability of Fox's premium marble products as the stone of choice in some of the most prestigious and expensive residential developments around the world.

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July 20, 2020 02:00 ET (06:00 GMT)