Eco Buildings Group PLC (AIM:ECOB) shares advanced after the prefab-builder delivered the first wall components for an 18-unit apartment block project in Tirana, Albania.
It is a key step in a development that forms part of a €2.2 million contract announced earlier this month.
The company said its Tirana factory is now running at full capacity and has already produced 40% of the walling material needed for the first building. And, cash flows are secured as production and deliveries are now underway.
“Our factory is performing very well and reliably producing our Eco walls at pace," said executive vice chair Etrur Albani.
"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"
In London, Eco Buildings shares were up around 17% at 4.85p, valuing the business at just under £5 million.