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Brick maker Ibstock refocuses on growth as housing market recovers

April 22 (Reuters) - Ibstock said on Thursday that it plans to spend 60 million pounds ($83.55 million) to ramp up brick capacity in two of its sites, as demand for the building material surged thanks to a recovery in the UK housing market.

“With the market outlook now clearer, we are refocusing on growth,” Chief Executive Joe Hudson said.

$1 = 0.7181 pounds Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber

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