好色先生TV

Brick maker Forterra has said it is mothballing two plants in Lancashire, blaming the move on economic uncertainty and the number of bricks already on the market.

In a trading update ahead of its interim results in September, the company said it would switch production to other sites adding: 鈥淕iven current economic uncertainty and sufficient brick inventory levels, the Board has reviewed the current production plan and has decided to maximise the utilisation of our most efficient brick plants and effectively manage our cost base.

鈥淭his is a prudent action that will allow us to continue to meet customers鈥� needs while effectively managing our costs and cash position until we are able to more effectively forecast demand.鈥�

The firm, which floated on the Stock Exchange back in April, said the two plants at Accrington and Claughton had been mothballed before between 2010 and 2014 with the firm demonstrating 鈥渋ts capability to successfully bring production back online in a short period of time鈥�.

Forterra, which was known as Hanson 好色先生TV Products, added that it has 鈥渟ufficient brick inventory and production capacity to service customer demand should housing output continue to grow as previously expected鈥�.

It said profits for the six months to the end of June were in line with management expectations. Its interims will be announced on 7 September.