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 the establishment of an office in the United Arab Emirates with the formation of Fox Marble FZC a company based in a free trade zone area in Dubai and confirmation of the first orders via this operation.
Deposits have been received for two orders of marble totalling in excess of 1,000 square metres of Alexandrian white. The first order is for 500 square metres of cut to size tiles currently being processed in Fox Marble’s factory in Kosovo and due to be shipped within the next 10 days. The second order is for 450 square metres of slabs of Alexandrian white marble and 50 square metres of slabs in total comprising Illirico Selene, Grigio Argento, Rosso Cait, Breccia Paradisea and Flora which are being shipped to a new customer in Dubai prior to the end of the year.
Chris Gilbert, Fox Marble Holdings plc CEO, commented
“Our new office in Dubai is already proving to be effective in establishing our premium material in the region from which orders are currently being processed to large local customers. It is worth noting that the first order is for an unusual size of tile – being 10cm x 10 cm x 2 cm whose small dimensions involves producing 50,000 pieces for this one order, which thanks to our tile processing equipment we are able to manage with ease.
We expect to see a significant level of business developing in the region as a result, and look forward to updating the market accordingly in the near future”
