Fox Marble Holdings Plc (LON:FOX), the AIM listed company focused on marble quarrying and finishing in Kosovo and the Balkans region has today announced that it has completed the delivery of over 2,000 tonnes of marble to Simsekler Mermer Company.
In the current year, Fox Marble has supplied 850 tonnes of marble to Simsekler, thereby fulfilling the original agreement for 2,000 tonnes, with Simsekler’s latest purchase of over 600 tonnes of block marble representing the largest single order that the Company has completed since it opened its quarries in 2012. Fox Marble is now well placed to meet the demand for an additional minimum quantity of 2,000 tonnes over the course of 2018.
Simsekler owns nine marble quarries in Turkey, in addition to three factories, two showrooms, and its warehouses located in both Ankara and Istanbul. Fox Marble anticipates that Simsekler will remain a significant customer for Fox Marble for the remainder of 2018 and beyond.
Chris Gilbert, CEO of Fox Marble, commented: “The completion of this milestone underlines the progress that the Company has made in its ability to identify, win and successfully complete large scale sales agreements. Fox Marble looks forward to supplying further material to Simsekler, and to establishing an ongoing commercial relationship with the company.”
Fox Marble Holdings Plc intends to release a trading update at the end of July.
