Ibstock to spend £45m on upping brick production

By Dave Rogers2020-03-03T15:07:00

Work will increase annual amount by 80 million

Brick manufacturer Ibstock has said it will spend £45m developing an existing site, believed to be in Walsall, which will boost brick production by 80 million units by the time it is completed in 2022.

The firm said turnover last year was up 5% to £409m but pre-tax profit slipped to £82m from £93m which it said had been down to exceptional profit made on property disposals in 2018.

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