Eco Buildings Group (GB:ECOB) has released an update.
Eco Buildings Group PLC has reported a breakthrough in production efficiency and market expansion, with their automation improvements leading to a 33% reduction in production time and operational cost savings. The company has begun fulfilling a significant order for 25,000 sqm of GFRG panels from AED Shpk and received certification for its products in Latin American markets, notably Chile. Despite a reported loss for the first half of the year, the company has raised additional funds and anticipates over €1 million in revenue by year-end, underpinned by ongoing deliveries and expansions into new markets.
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