Michelmersh Brick Holdings PLC Completion of Freshfield Lane Expansion (4841F)
February 23 2015 - 02:00AM
UK Regulatory
TIDMMBH
RNS Number : 4841F
Michelmersh Brick Holdings PLC
23 February 2015
Michelmersh Brick Holdings Plc
("MBH" or the "Group")
Completion of Freshfield Lane Expansion
Brick capacity increase bolsters production capability to 36
million bricks per annum at the Group's largest plant
Michelmersh Brick Holdings Plc (AIM: MBH), the specialist brick
manufacturer and landfill company, today reports the successful
completion of an expansion project ("Project") to increase
manufacturing capacity by 6 million bricks at its Sussex-based
Freshfield Lane brickworks.
The GBP2.2 million expansion project at Freshfield Lane
brickworks extends capacity at the plant by 20 per cent.. The
Company is pleased to announce that this Project has been completed
within budget and on schedule and the plant now has a capability of
producing 36 million bricks per annum. The investment encompassed a
new clay preparation area, an additional brick making machine,
extending drier capacity and the erection of a new 'clamp' for
firing the bricks.
The Project, which took a year to complete, was managed
internally and utilised the Group's engineering team. The
additional output arrives at a time of current brick shortages in
the UK and increasing prices, and has been achieved with no
increase to the overhead base.
The Board can confirm that trading across the Group has been
strong in this early part of the year. The Group's Final Results
for the year ended 31 December 2014 will be released on 23 March
2015.
Martin Warner, CEO, commented: "The Group continues to perform
well and we are pleased to have achieved this expansion within
budget and on schedule and look forward to seeing the benefits come
into fruition for MBH going forward."
Enquiries:
Michelmersh Brick Holdings
Martin Warner, CEO
Stephen Morgan, Finance Director 01825 430413
Cenkos Securities plc
Bobbie Hilliam (NOMAD)
Harry Pardoe
Oliver Baxendale (Sales) 020 7397 8900
Yellow Jersey PR
Dominic Barretto 07768 537 739
Kelsey Traynor 07799 003 220
Further information on the Company can be found at www.mbhplc.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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