# Fox Marble Holdings plc Growing sales of higher margins

- Link: https://www.directorstalkinterviews.com/fox-marble-holdings-plc-growing-sales-of-higher-margins/412788084
- Published: 2019-07-18T07:12:27+01:00
- Author: Giles Arbor

**Fox Marble Holdings** (LON: FOX), the AIM listed company focused on marble quarrying
and processing in Kosovo and the Balkans region has today announced that it has 
suspended operations in its Malesheva quarry in Kosovo pending a resolution to the
dispute disclosed on the 26 June 2019 (the acquisition of Green Power and Scope).

In the meantime Fox Marble is concentrating on its operations in the Cervenilla 
and Syrigane quarries in Kosovo which contain its desirable Grigio Argento, Flora,
Rosso Cait, Etrusco Dorato and Breccia Paradisea stone. In addition the Alexandrian
White and Alexandrian Blue material from its quarry in Macedonia continues to attract
more demand around the world with increasing sales due to increased production.

The Company, based on legal advice, continues to believe that the claims challenging
the enforceability of the acquisition agreement of Green Power and Scope are wholly
unfounded.

**Chris Gilbert, Fox Marble Holdings plc CEO commented ,**

“We are working hard to resolve this temporary difficulty in this one quarry and
believe that our rights will be asserted successfully as has been the case in the
past. In the meantime I anticipate that orders for our processed material from our
factory will increase and we will update the market with growing sales of this higher
margin part of our business.”

Share on: