Mildlands-based brick business Ibstock has revealed plans to invest £45 million in a new factory near Walsall.
The north Leicestershire business said it planned to start work on the plant at its Atlas site, in the West Midlands in 2022.
It would be able to make 80 million bricks a year, to help meet demand from 海角视频 housebuilders.
The plans was reported in preliminary accounts for last year which showed growth in its clay and concrete divisions helped Ibstock report a 5 per cent growth in sales to £409 million.
The business said it had achieved a "resilient" trading performance for the year, against a backdrop of political and economic uncertainty and reduced new build housing activity in the second half of 2019.
The business said production volumes had benefited from its new Eclipse brick factory in north west Leicestershire - which had more than double capacity at its headquarters to 190 million bricks a year.
However pre-tax profits were down 12 per cent for the year at £82 million – mainly due to sales of surplus property pushing up profits in 2018.
Ibstock chief executive Joe Hudson said: “2019 was a year of progress for Ibstock, as we delivered a resilient trading performance against a backdrop of political and economic uncertainty.
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“We made good progress against our strategic priorities, including measures to enhance production volumes and quality, the strengthening of our executive team and expanding our concrete business, through the acquisition of Longley Concrete.
“Our strong cash generation allowed us to invest in the business and to pay a further supplementary dividend to our shareholders while remaining towards the lower end of our debt guidance range.
“Today we are announcing a further investment in a new state-of-the-art 80 million per annum clay brick factory to re-develop our Atlas site, in the West Midlands.
“Fundamentals in the 海角视频 remain robust, with a structural housing deficit, low interest rates, high employment and the benefit of the Government’s Help-to-Buy scheme all underpinning the market.
“However, the political uncertainty which caused more subdued market conditions in the second half of 2019 has meant a slower start to 2020.
“We anticipate that activity levels will improve as the year progresses, and as a result, expect to deliver a stable outcome for the year.”
Ibstock is one of the 海角视频’s biggest manufacturers of clay bricks and other clay and concrete products such as roof tiles, masonry parts, fencing and pre‐ stressed concrete products.
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Ibstock Clay and Ibstock Brick have 19 manufacturing sites and a network of 23 quarries located close to its plants.
Meanwhile Ibstock Concrete is a leading manufacturer of concrete roofing, walling, flooring and fencing products, along with lintels and general concrete building products, with 16 manufacturing plants in the United Kingdom.