Despite the 14% decline in revenues, the first-half results were still slightly better than expected. The performance demonstrates the UK brick producer’s resilience in a subdued market environment, with lower customer demand across both new build and RMI segments.
Ibstock was awarded the 2022 Manufacturer of the Year at the Business Green awards, in recognition of its industry leadership for environmental sustainability.
The multi million pound project will see Craven Fawcett design, build, and manufacture a fully integrated state-of-the-art clay preparation and extrusion line at Ibstock’s Atlas site in the West Midlands.
Clay business recorded higher than expected sales volumes in the first six months of 2021, with a revenue of £138 million, 60% higher than the previous year