Fox Marble begins processing Kosovo town square contract

Kosovo and Balkans-focussed quarrying and processing company Fox Marble has started processing the contract it announced on 14 April, it announced on Wednesday, to supply up to 20,000 square metres of paving for Suhareka town square in Kosovo.

The AIM-traded firm said it was now processing the paving slabs, to supply the material in time for its customer to start the installation as soon as the current lockdown provisions in Kosovo are eased.

It said the material for the contract would be supplied from its factory in Kosovo, with the first 8,000 square metres to be delivered by 30 September.

The stone would be processed from existing blocks of Grigio Argento, Flora and Alexandrian white, already extracted and awaiting processing.

Material already specified and contracted under the first two stages of the project had a total value of more than €0.4m and, once all 20,000 square metres are supplied, the project was expected to be worth more than €0.75m.

“This contract to supply a local municipality to pave a large open public space confirms Fox Marble's position as a leading provider of dimension stone within Kosovo and the Balkans wider region,” said chief executive officer Chris Gilbert.

“Our factory is able to proceed with this order as a designated industrial facility and we anticipate further similar sales in the near future.”

At 1344 BST, shares in Fox Marble were up 7.89% at 3.08p.