Forterra plc Recommencement of operations (0428L)
28 Abril 2020 - 01:00AM
UK Regulatory
TIDMFORT
RNS Number : 0428L
Forterra plc
28 April 2020
Forterra plc
28 April 2020
Recommencement of operations
Forterra plc, a leading UK producer of manufactured masonry
products, provides an update on the recommencement of business
operations.
Since our announcement of 24 March 2020 in which we stated that
Forterra would be suspending business operations until further
notice, the Group has been planning alternative working practices
that enable manufacturing facilities to operate whilst keeping
employees safe and maintaining social distancing.
Working to the guidance from Public Health England and the
Construction Leadership Council we have been able to continue
manufacturing small volumes of precast concrete products to support
essential public sector projects. In addition, we have continued to
service customer demand delivering our brick and block products
from inventory.
Responding to news that housebuilders are to begin a phased
re-opening of building sites along with many builders' merchants
reopening and having undertaken the necessary risk assessments, we
will relight the kiln at one of our brick manufacturing facilities
this week ready to restart production. We will also recommence
production of hollowcore concrete flooring to service customer
requirements.
The Group expects to recommence production at two further
facilities in May although due to existing inventory levels, it is
currently anticipated that the majority of Forterra facilities will
not resume manufacturing before the summer. Should demand increase
at a faster rate than expected the Group retains full flexibility
to reopen facilities sooner.
Stephen Harrison, Chief Executive at Forterra, said, "This move
means that we are able to support our housebuilder and merchant
customers as they also begin the process of returning to work over
the coming days and weeks, ramping up our production as required in
response to inventory levels and market demand.
"This return to business is encouraging and we must all adjust
to new ways of working that ensure the safety of our staff and our
customers and the continued success of our industry."
Enquiries:
Forterra plc: +44 (0) 1604 707 600
Stephen Harrison (CEO) / Ben
Guyatt (CFO)
FTI Consulting : +44 (0) 20 3727 1340
Richard Mountain/Nick Hasell
Further information relating to the Company and its group can be
found at www.forterraplc.co.uk .
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END
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