Zenova Group PLC (AIM: ZED), a leadinginnovator in fire suppression and temperature management solutions, is pleasedto announce that following the decision to ship and install manufacturingequipment in Albania as previously announced on 14 April 2025, the factory isnow fully commissioned and has produced the first batches of Zenova FP.
Zenova now anticipates supplyingits coating products almost immediately to local customer orders, generatedfollowing a successful sample program conducted recently. Based on the highlevels of customer satisfaction from these small batch samples, the Companyexpects local demand to continue beyond these initial orders.
The new manufacturing facilityhas been established in a factory provided by AED, Sh.p.K, the Company’s localsub-distributor, which have completed extensive building upgrades, includingthe installation of a two-story purpose-built laboratory. AED’s management teamhave committed considerable capital to make this new facility a reality and arehighly confident of current revenue projections from the new, local production.
Zenova anticipates that revenuefrom this facility will exceed €2m within the first 12 months of operations andgrow steadily over time.
Thomas Melchior, CEO of ZenovaGroup PLC,commented; "This exciting achievement, concluded ahead of schedule, marksthe beginning of what Zenova’s management team expects to be an especially productiveperiod across mainland Europe and in particular, in Albania and the surroundingregion, where our local distribution partner was already building a sales presence, but can now grow those revenues unhindered by thecommercial burden of cross border duties and taxes resulting from Brexit. Thislocal manufacturing capability allows us to grow significantly in the near termand offers us a route to maintain our healthy margins without the additional dutiesburden and variable shipping costs and attendant delays”
