The investment will fund the installation of the UK’s first dual block plant.
The dual block plant is in addition to the existing plant at St Ives, and is expected to create an additional 200% manufacturing capacity. The machinery is expected to be installed throughout the first half of the year, with the first block produced by the end of summer 2022.
Chief executive Martyn Coffey said: “By investing heavily in our UK manufacturing capabilities, we are giving people more opportunities to source products from mainland Britain with less reliance on imports. This not only supports British jobs and reduces lead times but it also has a significant impact on the carbon footprint of materials and the resulting projects.”