We have a clear strategic vision that enables us to deliver attractive long term shareholder returns. We continue to focus on delivery of this through our three key strategic priorities
Productivity, quality, and capacity utilisation provide the fundamental drivers of our financial performance, underpinned by an unerring desire for a safe working environment. In delivering manufacturing excellence, we provide not only financial efficiency gains but also reduce our impact on the environment. Our continuous improvement philosophy guides our manufacturing today, and our investment decisions for the future such as investment in our new facility at Desford.
core product focus
Our clay bricks, concrete blocks and precast concrete flooring from our core product offering into the new housebuilding sector. By successfully meeting customer requirements we are able to leverage strong positions within this market, benefitting from the scale of supply which our operations afford.
Our growth strategy includes both organic opportunities, such as additional capacity investments and new product development, and also inorganic acquisitions and partnerships where the right opportunities arise. Sustainable shareholder value will be at the forefront of all our future investment decisions.
Our commitment to sustainability
Sustainability is critical in ensuring our longevity as a business and underpins all elements of our strategy.
We are committed to an environmental and social responsibility programme which highlights our key long-term priorities and future focus areas. Having made significant progress over the last decade, we are pleased to this year share a new set of challenging targets covering the pillars of Planet, Product and People, details of which are set out later in this Annual Report.
Building future communities
Our investment in our new brick factory at Desford in Leicestershire has continued in 2020 despite the challenges posed to the project by the pandemic.
This factory will redefine brick production in the UK, with a production capacity of 180 million bricks per annum, the equivalent of 25,000 new houses. Desford confirms our commitment to keeping Britain building, ensuring that Forterra bricks will be at the heart of many more communities.