Fox Marble, specialist in marble quarrying and finishing in the Balkans region, has announced a significant increase in sales over the past six months, with revenue expected to continue to grow at a steady rate throughout the rest of the year.

The AIM listed company reported that sales for the six months leading up to 30th June 2018 were €614,000 (2017 - €329,000), which is a significant increase compared with the same period in the previous year.

The newly-installed, state-of-the-art Computer Numerical Control (“CNC”) machine has allowed the company to expand its cut-to-size and shape capabilities for its own marble. The machine is capable of automatically processing many varied shapes and thicknesses of material from slabs to small blocks, including 1,500 square metres of marble tiles per day. The CNC machine was supplied by Gravellona Machine Marmo and is the only one of its kind in the Balkans.

This has enabled the company to win and complete several large bespoke cut-to-size tile orders, including a large manufacturer in Greece, Rekalis G Gregarios Marble, and a large- scale retailer based in Mumbai, India.

Following additional capital expenditure, new equipment has been delivered to the quarries and, despite an extended winter break arising from a late thaw, production was an encouraging 5,429 tonnes over the six months to June 2018 (2017 – 3,817 tonnes).

The company has recently opened a new showroom for its material in London. The showroom exhibits slabs from the complete range of Fox Marble stone, including Illirico Selene, Illirico Bianco, Rosso Cait, Breccia Paradisea, and Alexandrian White.

Chris Gilbert, CEO of Fox Marble, commented: “We are pleased to update the market on the progress made in the first half of this year. Additional capital expenditure and the installation of new machinery has enhanced our production and processing capabilities, enabling us to complete and win a number of new sales orders.

“As we move into the second half of the year, our focus will remain on capitalising on growth, increasing our capacity and enhancing our product range in order to strengthen our position in the market.”

https://www.foxmarble.net/