Michelmersh Brick Holdings PLC Completion of Freshfield Lane Expansion (4841F)

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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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