Fox Marble (LON:FOX), the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region, has announced that in January 2020 it will be opening a new large showroom and office in Pristine, Kosovo in which to showcase its materials in a professional and attractive environment. This will allow its material to be displayed in large format slab form under proper controlled lighting to present the stone under the best conditions. This initiative is expected to help generate increased levels of sales.
Chris Gilbert, CEO, commented “I am pleased this new facility has been opened, which is a demonstration of our confidence in the growth potential of the business, and I expect this to help drive continued sales growth over the coming months and the medium term. I look forward to updating the market on forward strategy in the new year.”
Fox Marble is experiencing a developing local market for its processed material and range of products from cut and polished tiles to stair pieces, door and window lintels to slabs, supporting increased production at the factory.
This will help underpin the 3-year factory expansion plan currently being developed by the recently appointed COO/GM Sales, in conjunction with the anticipated increased demand being generated by a new sales team both domestically and internationally.
It is expected that there is a sufficient stock of block material at Fox Marble’s Kosovo quarry sites to supply the factory for 18 – 24 months, without further quarrying there, in conjunction with the ongoing production growth from its quarry in Prilep, Macedonia.
