logo-loader

Fox Marble says it's making good progress as order book grows

Published: 16:57 29 Jun 2016 AEST

shutterstock_27105286
Work at the company's marble quarry.

Fox Marble Holdings PLC (LON:FOX) said it had made “strong progress” as reported its order book had grown to €4.6mln.

At June 1 the figure was €3.9mln and the uptick follows a flurry of deals including a €400,000 purchase order submitted by Pisani, which supplies high-value and speciality stone to the construction industry.

It also recently inked an agreement with Marble Dino worth €1.5mln over the next two years.

Fox, which quarries marble and finishes the product at its operation in Kosovo, said its factory is nearing completion with new equipment being installed.

Chief executive Chris Gilbert said: "We are pleased to update the market with the continuing strong progress made this year on new orders. 

“The second half of 2016 is going to be an important time for Fox Marble, as we begin to supply processed stone from our own factory and expand our presence in the market, whilst benefiting from improved margins and continuing to deliver a growing order book."

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

7 hours, 5 minutes ago