Hot on the heels of a 50% jump in shares earlier this week, driven by news of expansion into Sudan, Eco Buildings surged again on Thursday as the modular housing group released an operations update.
Eco Buildings shares were over 20% higher at the time of writing and have tripled since the beginning of September.
The group said it has completed the computerisation of its entire modular housing production process. This has clear benefits for automating manufacturing lines that could span multiple continents as housing shortages intensify worldwide.
The AIM-listed company’s system centres on a proprietary Vertical Panel Casting Machine paired with Glass Fibre Reinforced Gypsum technology, capable of producing up to 6 60-square-metre homes per production line per day. The model’s scalability is a major attraction.
Initial deployment targets Albania, Kosovo, Chile, Senegal and recently announced Sudan – all regions facing urgent housing needs. The firm said the second phase will focus on affordable, ESG-compliant housing in Western Europe and North America.
Dr Etrur Albani, Executive Vice Chairman of Eco Buildings, called on the UK government to consider the solution to improve the supply of homes.
Eco’s expansion strategy mandates localised production—eliminating shipping costs whilst stimulating regional economies—with a minimum of two automated lines per country. Eco believes the initial phase will be immediately cash generative.
“I am pleased by the progress Eco is making as we continue to successfully expand our technological and manufacturing capacity,” said Dr Etrur Albani.
“Our aim is to deploy our unique technology in all countries where there are acute housing shortages, across both developed and emerging economies.
“In the UK, where affordable housing remains one of the most pressing national priorities, we believe our technology offers a ready-to-deploy, scalable solution. We encourage policymakers to explore how innovative approaches like ours can become part of the solution to the country’s housing challenge.”