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05 Jun 2019 | 07:43

Fox Marble receives white marble order worth at least $2.4m

Fox Marble said it had received an order for its Alexandrian white marble worth at least $2.4m from the Swaminarayan Hindu religious order. The Swaminarayan Hindu religious were building a temple in Abu Dhabi on land donated by the Royal family of the UAE, the company said. Fox Marble would be providing bespoke cut to size marble varying in size from small blocks to large beams which would be shipped by the temple to India to be hand carved and shipped to the temple site and had received the schedule for the first shipment to be shaped and sent to India. Fox Marble received a minimum firm commitment for this material to be supplied during 2019 and 2020. The minimum value of this order would be $2.4m and Fox had received the first good faith deposit of $100,000 by way of confirmation. The final timing of the delivery of this material would be subject to the construction schedule of the temple which was subject to change.

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