Ibstock investing £60 million to boost brick production at Aldridge sites
Clay bricks and concrete products group Ibstock is making a £60 million investment in production at its two sites in Aldridge as demand for building products soars with the UK recovery from the coronavirus pandemic stepping up.
The Leicestershire-based group said that it will deliver annual 115 million brick capacity at its Ibstock Brick Atlas and Ibstock Brick Aldridge plants
The investment in Atlas at Stubbers Green Road and Aldridge at Brick Yard Road is expected to make a £12m annual contribution to profits once they are fully operational in 2024
The redeveloped Atlas plant is also expected to be the first net zero carbon brick manufacturing facility in the UK.
It is being funded from within the group which is seeing robust demand from both the new build housing and repairs, maintenance and improvement markets.
The group's annual general meeting heard that the 2021-2022 financial year had started well, with trading modestly ahead of expectations.
