RCS - Eco Buildings Group - Production Milestone Achieved

Eco BuildingsAnnouncement

08/04/2025 07:00

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RNS Number : 0069E  Eco Buildings Group PLC  08 April 2025

Reach Announcement

8(th) April 2025

Eco Buildings Group PLC

("Eco Buildings" or the "Company")

 

 Production Milestone Achieved - 16,200 sqm Modular Walls Ready for Delivery

 

Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular
construction company, is pleased to announce that it has significantly
improved production time and operational efficiency at the Company's factory
in Albania. This significant achievement underscores our commitment to rapid,
high-quality delivery of sustainable modular housing solutions.

 

Figure 1: Full size
Wall
                Figure 2: Inventory ready to dispatch

 

Outstanding Production Performance

 

The Group has produced 450 modular wall panels, each measuring 36 sqm,
resulting in a total of 16,200 sqm of modular walls. These units have been
produced and will be delivered to an existing contracted customer, upon
completion of groundwork and foundations at the customer's site which is
expected this month. This milestone is a testament to our robust production
capabilities and meticulous planning. The Company expects payment in Q2 2025,
a further update will be made in due course. The full value of this order is
expected to generate €4M in revenue.

 

The direct sale of walls, for use in larger structures, rather than the sale
of modular housing, is another revenue stream the Company can quickly supply
through its fully operational Albanian factory.

 

One Shift Operation with a Vision for Expansion

 

Currently, this output is achieved on a single production shift. We are
currently training additional staff and plan to be able to introduce double
shifts each day, during this quarter, effectively doubling our production
capacity. The Directors believe this significant increase will help ensure we
can meet our sizeable order book and the rising market demand, while providing
further economies of scale.

 

Sanjay Bowry, CEO of Eco Buildings, stated:

"Reaching full production from a single shift operation, at a rate
significantly greater than anticipated is due to the excellent work of our
engineering team and the improvements they have made to the production unit
and the operating software.  Our ability to produce 16,200 sqm of modular
walls under a single shift operation not only demonstrates our excellent
operational effectiveness but also sets the stage for even greater production
capacity. By training additional staff for a second shift, we are positioning
the Company to rapidly scale production and meet already contracted demand."

Looking Ahead

 

Achieving full production capability on a single shift is a major boost for
the Company, reinforcing our position as a leader in modular construction and
providing a strong foundation for future growth. As we prepare to implement
the second shift, we remain committed to delivering exceptional quality and
efficiency to our customers.

 

For more information, visit www.eco-buildings.net
(http://www.eco-buildings.net) .

 

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About Eco Buildings Group plc

Eco Buildings is a leading innovator in prefabricated, green housing products,
leveraging proven technology based on GFRG panels. Our modular housing
solutions cater to both affordable and high-end housing markets, combining
cost efficiency, speed of construction, and sustainability. With a growing
portfolio of international projects, Eco Buildings is dedicated to redefining
construction for the future.

Further information is available on Eco Buildings
website: www.eco-buildings.net (http://www.eco-buildings.net/)

 

For more information contact:

 Eco Buildings Group plc                               Tel: +44 (0) 207 380 0999

 Sanjay Bowry, Chief Executive Officer

 Fiona Hadfield, Finance Director

 Spark Advisory Partners Limited (Nominated Adviser)   Tel:  +44 (0) 203 368 3550

 Matt Davis / James Keeshan
 Tavira Securities Limited (Broker)                    Tel:  +44 (0) 203 192 1739

 Oliver Stansfield / Jonathan Evans

 

Notes

The Company has acquired proven and innovative prefabricated technology which
has been in development and commercial use since 2006. Eco Buildings' range of
prefabricated, green housing products based on glass fibre reinforced gypsum
panels ("GFRG") provides a construction solution for both affordable and
high-end housing.

Eco Buildings has already secured two sales contracts with major construction
companies, one in Albania, the other in Kosovo, which are expected to generate
gross sales revenue of approximately up to €38 million in total per annum
over the first three years (approximately €114 million in total) following
Admission.

The market share for factory-based building technology is expected to grow
significantly over the coming years as private developers and the public
sector seek to address the substantial and growing deficit in housing stock
and issues of construction cost, speed and quality and housing affordability.

 

 

 

 

 

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