Michelmersh Brick's margins safe despite tough market

13th Jun 2011 09:45

Michelmersh Brick, the brick, land development and landfill company, said that it has been able to offset challenging conditions in the industry to grow sales volumes ahead of expectations so far this year.Sales orders, despatches and production activity continue to be strong at all sites, according to the company's chairman Eric Gadsden. "Group sales volumes are ahead of budget for the year to date," he said.However, Gadsden noted that maintaining margins while energy prices increase is a key challenge for the industry as a whole. "[W]e continue to direct our efforts towards ensuring that our costs are well controlled and we have and continue to benefit from our investment in modern, more energy efficient plants at all our works in recent years...our premium position in the market has enabled us to maintain margins despite the prevailing market conditions.""We continue to see major changes within the industry and will be watching these closely for potential opportunities to develop our business whether organically or by acquisition," Gadsden added.---BC