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Forterra PLC

Forterra plc, together with its subsidiaries, provides building products made from clay and concrete for the construction sector in the United Kingdom. It operates through the Bricks and Blocks and Bespoke Products segments. The company offers a range of bricks, blocks, façade systems, precast concrete products, infrastructure components, chimney and flue products, and permeable block pavings. It sells its products under brands including London Brick, Butterley, Ecostock, Cradley, Omnia, Conbloc, Thermalite, Bison Precast, and Red Bank. The company was formerly known as Starzone plc and changed its name to Forterra plc in March 2016. Forterra plc was incorporated in 2016 and is headquartered in Northampton, the United Kingdom.

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Robotics & Physical AI▲

Stratom-led team wins U.S. Army contract for autonomous logistics system TALUS

A team led by Stratom has been awarded a U.S. Army Project Sustainment contract to advance autonomous distribution for contested operations. The team, which includes ND Defense, Forterra, GS Engineering and Waltonen Engineering, will deliver the Tactical Autonomous Logistics Utility System, or TALUS, a modular, multi-mission capability set designed to close logistics gaps between Brigade Support Areas and dispersed forward units. TALUS will provide autonomous transport of multiclass supplies, generate and distribute operational energy, and integrate a range of mission payloads. The solution integrates proven militarized commercial off-the-shelf technology to accelerate delivery and reduce development risk. The team is committed to delivering the TALUS capability set in support of an upcoming Transformation in Contact unit’s Combat Training Center rotation.
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Forterra first-half revenue falls 9% to £169 million amid weak construction demand

Forterra reported a 9% decline in like-for-like revenue to £169 million and a 12.7% drop in adjusted profit before tax to £14.5 million for the first half, as lower construction demand weighed on sales volumes. The adjusted EBITDA margin improved 70 basis points to 16%, helped by cost reductions, pricing actions, and the closure of non-core operations. Working capital increased by £20 million, pushing net debt before leases up to £74.5 million, though the company expects stronger second-half cash generation and maintained its full-year outlook in line with market consensus. Forterra plans to complete its £20 million share buyback, paid a £0.017 interim dividend, and is evaluating a potential £60–£65 million replacement Aircrete facility. CFO Ben Guyatt will depart in October, with Lisa Oxenham expected to succeed him by January.
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