Marshalls said that the construction sector had remained strong over the last six months and its manufacturing network continued to be fully operational and busy, despite the escalating health crisis.
Revenue growth progressively improved in the second half of 2020 and autumn sales were ahead of 2019.
This has given the landscaping products company the confidence to invest in expansion, it said.
“Reflecting our increasing market confidence, in 2021 we will commence construction of a flagship dual block plant at our St Ives manufacturing site, which will be the first facility of this nature in the UK. This represents a significant capital investment, of approximately £20m over three years, which will provide more manufacturing flexibility and efficiencies when fully operational.”
It added: “Although market demand remains uncertain, we remain focused on developing future growth opportunities and delivering the strategic objectives in our five-year strategy. Our strategy is underpinned by strong market positions, focused investment plans and an established brand.”
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