Ibstock to increase brick making
Clay bricks and concrete products group Ibstock, which has sites in Cannock and Walsall, saw profits and sales grow in the first six months of this year.
Group revenue was ahead 8.7 per cent on the same period in 2016 and pre-tax profits were up by 2.7 per cent at £38.9m
Its bricks business benefitted from good activity levels within the UK new housing sector.
It is investing in additional UK brick capacity to meet demand and commissioning work on a new 100m capacity brick plant in Leicestershire will start in the last quarter of this year.
Ibstock said a capacity expansion project at its Lodge Lane blue brick plant in Cannock is on schedule, with commissioning also to start in the last quarter.
Wayne Sheppard, chief executive of Ibstock, said: "The group has delivered a robust first half performance. UK brick volumes were well ahead, driven by good activity levels in the UK new build housing sector and our concrete businesses also enjoyed solid growth."
