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Eco Buildings Group PLC announced on 24 June 2026 that it has commenced construction of its second-generation AI-enabled manufacturing platform. This follows a recent £2.35 million fundraising and is located at its production facility in Durres, Albania, with the new line expected to be operational by Q4 2026.
| Date | 24 Jun 2026 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 4275J |
24 June 2026
ECO BUILDINGS GROUP PLC
("Eco Buildings", "Eco" or the "Company")
ECO COMMENCES CONSTRUCTION OF TRANSFORMATIVE SECOND-GENERATION AI-ENABLED MANUFACTURING PLATFORM
Immediate Deployment of Fundraising Proceeds into Next-Generation Capacity
Step-Change in Technology Positions Eco as Scalable Housing Technology Platform
Replicable Model for Global Deployment Across Multiple Jurisdictions
Eco Buildings Group plc (AIM: ECOB), the AIM-listed technology-led housing manufacturing company, is pleased to announce that, following the successful completion of its recent £2.35 million fundraising, it has placed the order and construction has commenced with immediate effect on its second-generation AI-enabled manufacturing platform at its production facility in Durres, Albania. This represents a major milestone in the Company's evolution and the first significant deployment of the recently raised capital into productive, high-return assets. Eco expects to have this second manufacturing line operational within Q4 of this year.
The new platform has been substantially redesigned and re-engineered using operational data, engineering learnings and manufacturing intelligence from the Company's existing fully automated production line in Albania (which has been operational since mid-2024 and produced over 42,000 m² of high-quality GFRG wall panels in the first half of 2025 on a single-shift basis).
Unlike conventional or first-generation modular systems, the second-generation platform is being developed around advanced automation architecture integrated with Artificial Intelligence. The objective is to create one of the most advanced, continuously improving industrial housing manufacturing systems currently in development.
· Predictive maintenance (targeting up to 30% lower maintenance costs and significantly reduced unplanned downtime)
· Automated visual quality assurance and real-time process optimisation
· Intelligent production scheduling and bottleneck identification
· Adaptive manufacturing control and automated fault diagnostics
· Energy optimisation and manufacturing analytics
· Production forecasting and continuous operational learning
As operational data accumulates, the platform is designed to become progressively more efficient, productive and reliable - creating a powerful data-driven competitive moat.
The Directors are confident that Eco's proprietary Glass Fibre Reinforced Gypsum (GFRG) technology, combined with advanced manufacturing, can deliver compelling advantages versus traditional construction:
· Up to 5x faster construction speed
· Up to 50% lower build costs
· Approximately 40% lower CO₂ emissions
· Significantly reduced material usage (35% less steel, 51% less cement, 75% less water, 76% less sand)
· Inherently strong, durable and resilient (seismic performance to 8.5 Richter scale, high cyclone resistance, 4-hour fire rating)
Each standardised production line is expected to deliver approximately 1,440 m² per day (equivalent to ~6 homes per day per line) at capex of less than $5 million per line. This creates a highly scalable, replicable model where capacity can be expanded through the addition of standardised lines rather than proportional increases in labour.
|
Manufacturing Lines |
Homes Built per Day |
Homes per Annum |
Annual Capacity Growth |
|
1 Line |
~6 homes/day |
~2,165 |
Baseline |
|
10 Lines |
~60 homes/day |
~21,900 |
10x |
|
50 Lines |
~300 homes/day |
~109,500 |
50x |
|
100 Lines |
~600 homes/day |
~219,000 |
100x |
The rapid placement of the order and commencement of construction demonstrates the Board's commitment to disciplined and swift deployment of capital into assets that will drive long-term shareholder value. The new platform will materially increase manufacturing output while simultaneously advancing the Company's technological capabilities and competitive positioning.
The global housing sector faces one of the largest supply-demand imbalances in modern history. Industry estimates indicate approximately 96,000 new homes are required globally every day, while more than 1.6 billion people currently live in inadequate housing conditions.
In the UK alone, the housing gap stands at approximately 6.5 million homes compared to European peers, with England accounting for the majority of the shortfall. Closing this gap by 2040 would require sustained delivery of around 565,000 homes per year - more than double recent completion rates.
Traditional construction methods are structurally unable to close this gap at the required speed, quality and cost. Eco believes the future leaders in housing will be those that combine advanced materials, intelligent manufacturing, automation and AI into scalable, replicable production platforms. Eco intends to be one of those leaders.
The Board increasingly views Eco as a housing technology company rather than a traditional construction business. The combination of proprietary GFRG technology, advanced automation and AI integration, data-driven manufacturing intelligence, and future digital twin and smart building capabilities creates a differentiated and defensible platform with significant long-term potential.
Each future manufacturing platform is intended to operate as a standardised, replicable production unit. Future facilities (whether in the UK, Chile, Africa or elsewhere) are expected to benefit from common engineering standards, shared manufacturing intelligence and accumulated operational knowledge - enabling rapid, high-quality international scaling while maintaining consistency and control.
This model has already been proven at scale on major projects (including Dubai Motor City) and is supported by international certifications (CE, ISO, fire, seismic).
For further information, please contact:
Eco Buildings Group plc
Dr Etrur Albani, Executive Vice Chairman
Fiona Hadfield, Finance Director
Tel: +44 (0) 20 7380 0999
Spark Advisory Partners Limited (Nominated Adviser)
Matt Davis
Tel: +44 (0) 20 3368 3550
Tavira Financial Limited (Broker)
Jonathan Evans
Tel: +44 (0) 20 7100 5100