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Brick prices to rise as stock levels fall

Prices of bricks are likely to rise again this year, as the number of bricks held in stock falls, brick maker Michelmersh Brick said in its latest results.
The Sussex-based firm saw prices rise last year to £348 per thousand and the company believes that the rises will continue.

Michelmersh showed turnover rising to £25.9m for the year ended December 31 2013, from £23m for the same period a year ago with operating profit remaining at £1.4m.

Chief Executive Martin Warner said: “In the last two months of 2013 we started to benefit from better selling prices as new work at revised prices were despatched and price increases implemented at the beginning of this year have held.

“Against industry practice for many years, we have not fixed prices forwards in 2014 and believe we are in a position to continue to push margin.

“The industry has entered a new phase as national stock levels have reduced.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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