Eden Innovations Ltd (ASX:EDE) Secures New Order from Holcim Mexico
Operational Achievements
Eden Innovations Ltd has secured a new order from Holcim Mexico for its EdenCretePz7 product, marking the extension of its presence to a third country. The order, valued at US$8,080 (AUD$12,509), involves the supply of EdenCretePz7 in smaller drums for distribution to multiple concrete plants across Mexico.
Financial Performance
Over the past eleven months, Eden US, the company’s wholly owned US subsidiary, has received orders from Holcim Group in Ecuador, USA, and Mexico totaling approximately US$435,000 (AUD$673,000).
Product Validation
The initial order follows extended testing by Holcim Mexico, part of Holcim Group’s ongoing trials in Eastern Canada, Western Canada, and the United Kingdom. EdenCretePz7 helps reduce cement usage by replacing it with lower-carbon pozzolanic materials, aligning with Holcim’s focus on de-carbonisation.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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