St Modwen spends £10m on Brexit materials stockpile

Developer St Modwen is spending £10m on stockpiling construction materials in case imports are disrupted by a no-deal Brexit next month.

St Modwen is forward ordering six-months worth of imported materials to prevent any disruption to its logistics and residential sites.

Chief executive Mark Allan said:  “Over the past few months we have taken a number of proactive steps to insulate the business as much as possible from near-term disruption, particularly related to Brexit.

“For example, we are investing £10m in forward ordering all construction materials we import directly for six months of production in St. Modwen Homes and all our 2019 industrial and logistics projects.”

From http://www.constructionenquirer.com/2019/02/05/st-modwen-spends-10m-on-brexit-materials-stockpile/

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Author: Ebenal Construction

Ebenal Construction is the process of constructing a building or infrastructure.Construction differs from manufacturing in that manufacturing typically involves mass production of similar items without a designated purchaser, while construction typically takes place on location for a known client.