Eco Buildings Group shares rose on Tuesday after the firm announced a major milestone with the first delivery of prefabricated wall components to its 18-unit apartment block project in central Tirana.
The delivery marks the start of on-site assembly for the €2.2 million contract announced earlier this month.
Investors cheered the news, and shares rose over 12% on Tuesday.
The company said its Albanian factory is now operating at full capacity. Additionally, 40% of the materials required for the apartment block are in stock, demonstrating Eco’s ability to scale construction and meet growing demand rapidly.
Cash flows are now secured as the company enters active production and validates the expansion strategy.
Interestingly for investors, Eco noted that the successful deployment of its proprietary prefabricated building system in Tirana is generating considerable interest from potential customers and management expects to secure additional contracts throughout 2025.
“Our factory is performing very well and reliably producing our Eco walls at pace,” said Etrur Albani, Executive Vice Chairman of Eco Buildings.
“Our inventory is sufficient to provide 40% of the total material required for this first apartment block. We have letters of intent for a further two apartment blocks of identical size and anticipate constructing all six planned for this site in the centre of Tirana. We look forward to announcing further contracts of this nature and hopefully others in the near term.”