Ibstock plc has launched Ibstock Futures and has invested an initial £50m to create the UK’s first automated brick slip systems factory producing net zero products
Ibstock Futures will enable the company to accelerate growth and diversify its revenue base by targeting fast-growing areas of the UK construction market.
The new business unit will focus specifically on the development of technologies, products and solutions that are aligned to the two key trends shaping the construction sector – sustainability and the industrialisation of construction processes.
The company believes the potential market for these technologies and systems is substantial and growing faster than the wider building products industry.
Solutions for offsite market
Headquartered at the company’s London i-studio, Ibstock Futures enables the group to develop a stronger presence in the fast-growing offsite and modular construction markets.
As demand grows for façade products and solutions for both new build and re-cladding products, Ibstock Futures will create new products suitable for a wide range of residential, commercial and mixed-use applications.
£50m investment
As Ibstock Futures’ launch project, the group is announcing plans to invest £50m to create the UK’s first automated brick slip systems factory in Nostell, West Yorkshire.
Brick slips provide a durable, safe and energy-efficient alternative to other cladding solutions. The UK market for brick slips is significant, with annual volumes of circa 120 million slips, and is growing fast.
The addition of a significant brick slip capability will be complementary to Ibstock’s existing clay brick business.
With a capacity of up to 60 million brick slips per annum, the factory will be constructed within the existing footprint of the group’s Nostell facility, which operated as a brick factory until its closure in 2020.
The planning application process has commenced, and construction on site is expected to start during Q1 2022.
‘A beacon of manufacturing excellence’
Joe Hudson, Ibstock plc’s chief executive officer, said: “The launch of Ibstock Futures is an important strategic development for the group.
“Our new business unit will directly address a number of exciting growth markets that complement our existing offer for conventional building methods as the focus on sustainability and the industrialisation of construction processes gathers pace.
“The initial £50m investment in brick slip manufacturing capacity at Nostell, West Yorkshire, will be a first for the UK and will enable us to take a leadership position in this fast-growing market.brick slip
“Crucially, it will also be a beacon of manufacturing excellence and sustainability – we are all very excited at the prospect of producing a Net Zero brick slip.
“We have made ambitious commitments on our Sustainability Roadmap to 2025 – and this announcement underpins our ambitions.
“The Nostell plant is the first of a pipeline of growth initiatives we have in development for Ibstock Futures and we are excited about the potential this new business has to accelerate growth in the years ahead.”
