Fox Marble Holdings (AIM:FOX ) has commenced processing of the contract announced on 14 April 2020 to supply up to 20,000 square metres of paving for Suhareka town square, Kosovo.
Fox said it is now processing the paving slabs to supply its material in time for its customer to start the installation as soon as the current lockdown provisions in Kosovo are eased.
The AIM-listed group which is focused on marble quarrying and processing in Kosovo and the Balkans region said the first 8,000 square metres is to be delivered by 30 September 2020.
Shares in Fox Marbles Holdings were trading 8.77% at 3.1p on Wednesday morning.
The stone will be processed from existing blocks of Grigio Argento, Flora and Alexandrian white, already extracted and awaiting processing.
The material has a total value in excess of €400,000 and, once all 20,000 square metres has been supplied, the project is expected to be worth in excess of €750,000, the group said.
"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 Chris Gilbert, CEO of Fox.
He added, “Our factory is able to proceed with this order as a designated industrial facility and we anticipate further similar sales in the near future."
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