Eco Buildings Group PLC - London-based manufacturer of prefabricated modular housing products - Says it has commenced early production at at its recently completed facility at Durres, Albania. Says the first walls have been produced at the new factory. Expects full scale commercial production in the first quarter of next year, when it will begin fulfilling orders that are expected to generate up to €114 million in total for the first three years.

Chief Executive Sanjay Bowry says: ‘I would like to congratulate the team in Albania for bringing the factory into operation as efficiently as they have, culminating in this major milestone for Eco Buildings of producing its first walls at the new facility.

‘We have a significant existing order book which is expected to generate up to €114 million in total for the first three years. We expect to add to this during 2024, particularly in already identified markets such as Chile and Spain.’

Current stock price: 13.55 pence, up 4.2% on Monday in London

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