# INTERVIEW: Fox Marble New Machinery to Positively Impact Margins

- Link: https://www.directorstalkinterviews.com/interview-fox-marble-new-machinery-positively-impact-margins/412749349
- Published: 2018-04-16T12:06:51+01:00
- Author: Giles Arbor

**Fox Marble Holdings Plc** (LON:FOX) CEO Chris Gilbert talks to DirectorsTalk about
the installation of two new pieces of machinery. Chris explains how the new CNC 
machine will benefit the company, what the block vacuum does, the yield increase
this should have, meeting demand and what is causing the increase.

Fox Marble Holdings Plc, is a marble production, processing and distribution company
in Kosovo and the Balkans region.

Its marble products, which includes Illyrico Bianco, Illirico Selene, Grigio Argento
and are gaining traction globally both to international wholesale companies as well
as being supplied directly into luxury residential properties. In the UK these include
among others St George’s Homes and Capital and Counties Plc’s Lillie Square development.
In Sydney, Australia Rosso Cait, Alexandrian White and Breccia Paradisea marble 
have been used in what is expected to be Australia’s most expensive property. These
sales serve to demonstrate the desirability of Fox’s premium marble products as 
the stone of choice in some of the most prestigious and expensive residential developments
around the world.

Fox Marble holds 40 year mining licences for six separate marble quarries with a
maiden JORC resource indicating an in-situ valuation of approximately Euro 16.5 
billion. Fox has taken three of the six sites into production (the Drini and Maleshevë
quarries, both in Kosovo and from the Prilep Quarry in Macedonia) and continues 
to increase production. Notably, Fox has access to over 300 million cubic metres(
over 1bn tons) of premium quality marble.

Marble demand continues to grow with stable pricing, predominantly driven by the
construction and real-estate industries, on which Fox is looking to capitalise.

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