- Demand for clay products slowed in the run up to Brexit vote
- Brickmaker says it “promptly initiated capacity adjustments’
Wienerberger AG, the world’s biggest maker of bricks, said it’s had to cut production of clay products in the U.K. in a further sign that Britain’s vote to leave the European Union has dented the construction market and wider economy.
Demand slowed in the run up to the June referendum, the Austrian company said in a statement Wednesday. Elsewhere in western Europe, demand ticked up in markets such as the Netherlands, and both Germany and France recorded growth in construction of new single and two-family homes.
“Taking account of this development, Wienerberger promptly initiated capacity adjustments” in the U.K., the company said.