Huws Gray predicts £100m sales
Published: 21 July, 2010
ANGLESEY: The repair, maintenance and improvement market will play a key role in helping to revitalise the North Wales economy says Huws Gray.
John Llewelyn Jones, Huws Gray chairman said directors were looking to continue growing the business aiming for £100m. Turnover in 2010 was £59m.
Huws Gray sees the return of a thriving RMI market as a way to get the economy moving again citing research from Oxford University that found the market potential to renovate and insulate existing homes is worth between £3.5bn and £6.5bn year.
Huws Gray believes there is pent-up demand for small works in most households - a demand which has been severely restricted by a lack of conﬁdence and economic uncertainty. Andrew Guest, area manager, said: "Investing in existing housing to improve the condition and ﬁtting energy and water-saving products are central to our business."
The Shadow Minister for Construction, Wrexham MP Ian Lucas, and Clwyd South MP Susan Elan Jones visited the company's Wrexham branch at Croesfoel, Rhostyllen.
Mr Lucas said: "It is essential that the building industry, along with industry as a whole, ups its game in confronting the challenge of climate change. We not only need to reduce emissions in new buildings but also in existing housing."