Persimmon to Build New Brick Manufacturing Facility in Yorkshire

Housebuilding firm Persimmon says that the construction of a new “Brickworks” factory was a further investment in its manufacturing capability.

The firm said that cost control and procurement discipline provided crucial support to its successful trading performance as it now looks to build a new brick factory in South Yorkshire.

The new site, located close to Doncaster, is commissioned for the first quarter of next year and will be manufacturing a significant amount of Persimmon’s brick requirements.

The announcement came in a third quarter trading statement that covered the period from July 1, 2016 to November 1, 2016.

Persimmon took encouragement from trading over the summer weeks straight after the EU referendum, with the volume of customers visiting Persimmon sites staying way ahead of the previous year.

From then on, at the beginning of the autumn selling season, Persimmon said that customer activity strengthened in line with the traditional seasonal variations of the market.

Since the group posted its half year results on August 23, 2016, private sales rate has been 19% ahead of last year, which represents a continuation of the stronger sales rate experienced during the summer weeks.

The company is now fully sold up for this year and has around £757 million of forward sales reserved past 2016, which is a rise of 4% on the same point last year.

Persimmon said that the market has benefitted from strong lender support and resilient consumer confidence.

However, the business has recognised that the uncertainty regarding the potential impact of the EU referendum result on the UK economy may go on for some time.

Persimmon says that it is still cautious with regard to new land investment but has continued to progress attractive propositions on a selective basis.

In a bid to support growth moving forward, the housebuilder is planning to open a new regional operating division near Nottingham on January 2, 2017.

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Persimmon to Build New Brick Manufacturing Facility in Yorkshire
BDC July 2022 issue - 294

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