You can unsubscribe at any time. Forterra, which is based in Northampton, previously said sales were down 86 per cent in April and 62 per cent in May. As one of the largest brick manufacturers in the UK, Forterra is helping to keep Britain building. Forterra announced at the height of the lockdown that it was making the changes, saying that "decisive action" had been "regrettable" but had cut annual fixed costs by £10.4 million. Our brick selector helps make light work of choosing the right brick for your project. In 2018, produced over 25% of the supply of bricks in Britain. Select a colour, texture, manufacture type, brand or size and the selector narrows down your search to find you the correct brick, saving you time. Brick maker Forterra said it had completed restructuring plans announced at the height of lockdown, with the loss of 225 jobs. ON, L7R 3Y2. A brick maker has made 225 people redundant after completing its restructuring plans. "We have therefore taken steps to restructure the group's operations removing £10.4 million of fixed costs. Revenue was also down 37 per cent from £193.6 million to £122.4m due to the impact of coronavirus as it went from a pre-tax profit of £32.7 in the first half of 2019 to the £23.3m loss. Headquartered in Charlotte, North Carolina, we employ approximately 1,200 people. Will this 200-year-old Peak District hunting lodge be the quirkiest place to live in Derbyshire? It had been owned by Forterra since 2017. The business, which makes around 590 million bricks a year, said the “decisive action” had been “regrettable” but had cut annual fixed costs by £10.4 million and positioned it well to deal with any future uncertainty. "As a result of the restructuring an exceptional charge for redundancy and severance costs of £4.4 million has been recognised along with an exceptional non-cash impairment charge of £10.2 million in respect of an impairment in the carrying value of the Swadlincote hollowcore facility and associated goodwill following the decision to mothball this facility.". You can find out more about the cookies we use and how to disable them in our Cookie Policy. It will have cost around £83 million and the project underwent a refinancing during lockdown. Chief executive Stephen Harrison said: "The group faced unprecedented challenges during the first half and I would like to thank all our employees and other stakeholders for their collaborative approach in overcoming the challenges we faced through this period. Production has now resumed at all factories operating in line with Government guidance to protect employees. Forterra Brick – Company in Burlington, ON – 5155 Dundas St W, Burlington, Find out more about businesses in your area by typing in your postcode here: "We took swift action to ensure the wellbeing of our employees as demand for our products fell dramatically and we ceased production at the majority of our facilities. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. Filter by colour, texture, size, brand, or even factory. Sorry, we are not accepting comments on this article. 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In the first six months of the year it said revenues were £122.4 million – down more than a third on a year earlier, reports Business Live. We took swift action to ensure the wellbeing of our employees as demand for our products fell dramatically and we ceased production at the majority of our facilities. Meridian® Brick is North America’s comprehensive brick resource. "We also acted decisively to manage our cost base and ensure sales and production remained balanced. © Forterra Building Products Limited all rights reserved 2020, We use cookies to help provide you with the best possible online experience and to gather anonymised, aggregate website usage data. We also acted decisively to manage our cost base and ensure sales and production remained balanced. Official site; This page was last edited on 20 June 2020, at 10:51 (UTC). Ontario. The Bison plant, in Tetron Point, Swadlincote, has already been closed due to a dip in demand for flooring. ", Mr Harrison said Forterra remained very confident in the long-term recovery of its markets. Canadian Business Listings. Read verified and trustworthy customer reviews for Forterra Brick or write your own review. Subject to the continuation of current trading conditions and there being no further Covid-19 driven disruption, the board expect full year profits before tax to be in the range of £27m to £32m. It claimed £8.4 million under the furlough scheme, with 75 per cent of its staff off work during the peak of the lockdown. Close X. It has nine brick factories, and is in the process of building Europe's biggest brick factory in Desford, west Leicestershire, which will open in 2022.