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Eco Buildings Group PLC - UK-listed modular housing company - Achieves fully automated production at its Albanian facility, reducing production time by 33%. A single production line is now capable of producing over 177,000 square metres of glass fibre reinforced gypsum walls per year - enough to deliver 768 houses a year. Eco Buildings says this upgrade will improve revenue and profit projections for the current production line in Albania, and will also increase its store of intellectual property. Chief Executive Officer Sanjay Bowry says: ‘The process to get our production line, in Durres, to this stage of fully automated continuous production has been challenging and was achieved due to the outstanding skills and innovation of our local teams. It has resulted in a significant upgrade in productivity, efficiency and output. Additionally, we have added to our IP and further differentiated ourselves from the competition.’ Current stock price: 13.12 pence 12-month change: down 54% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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