Ibstock to fire up with new Leicestershire brick plant

Ibstock, the Leicestershire building supplies manufacturer, is to build a new brick plant that will increase its UK capacity by 100 million bricks.

The news comes as the firm posted a rise in revenues for the year-ending 31st December 2015 of 10.6 per cent to £412.8m, with profits at £94.7m.

The new plant, which will be completed by the second half of 2017, will be sited in Leicestershire.

Wayne Sheppard, chief executive officer of Ibstock, said: “Our 2015 results are particularly pleasing as they clearly show that despite the CRH disposal and subsequent IPO we maintained our focus and delivered excellent growth in sales, profitability and cash generation for our investors. While it is early in the year to have any real visibility, at this point our expectations for the full year remain unchanged despite a slower start for UK brick sales into the RMI market. Our major capital investment projects are progressing to plan and we anticipate another year of progress in 2016. The fundamentals supporting our business remain strong.”