Ibstock pulls out of GRC cladding market

Ibstock is quitting the Glass Fibre Reinforced Concrete (GRC) cladding market.
The materials giant confirmed it has ceased production of GRC after the division made a trading loss of £3m last year.
Ibstock said: “The GRC business recognised a trading loss of around £3 million in 2024, reflecting acute pressure on margins in the current market environment, as well as losses from recent subcontractor failures. “In light of its performance and near-term prospects, durin