Eco Buildings Group (GB:ECOB) has released an update.
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Eco Buildings Group PLC has announced a year of transformation, completing a reverse takeover and raising £2.7 million to expand its operations. The company has relocated and upgraded its production machinery to Albania, aiming to increase production speed and accuracy for its GFRG panels, with two signed contracts expected to yield €114 million over three years. Despite a loss of €2.5 million for the year due to associated costs, the company is optimistic about fulfilling its orders and expanding into new markets with its innovative construction solutions.
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