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05 Mar 2019 | 14:43

Fox Marble resumes production at Macedonia quarry

Fox Marble said production had resumed at the Prilep quarry in Macedonia after the usual winter shut down, and that it had sold marble to a new customer.

The quarry, which contains white marble marketed as Alexandrian White, was now also producing substantial quantities of Alexandrian Blue from a newly developed section.

It was expected to benefit from the deployment of additional equipment to significantly increase production levels to satisfy growing demand, the company said.

In February, Fox Marble said it sold 400 tonnes of Alexandrian White blocks to a new customer that it didn't name.

The customer was responsible for supplying similar material to the Sheik Zayed Grand Mosque in Abu Dhabi and had indicated their intention to purchase additional quantities on a regular basis throughout the year.

'This large volume block order to a new customer so early in the year following the winter break is an encouraging sign for the upcoming year,' chief executive Chris Gilbert said.

'The customer, who has a long history of selling material from the Prilep area throughout the world, has indicated an intent to buy further quantities of this material throughout 2019.'

'The increase in monthly production at this quarry, following the investment made in equipment and resourcing, gives us the ability to supply more significant orders having developed robust markets for our stone worldwide.'



At 2:43pm: (LON:FOX) Fox Marble Holdings share price was +0.63p at 8.75p

Story provided by StockMarketWire.com
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