Neil Hargreaves is Managing Director for Knauf Insulation Northern Europe (KINE), which includes the markets across the UK & Ireland, Scandinavia and English-speaking countries in Africa.
Neil originally joined KINE in 2006 as Head of Commercial Finance before leaving to become Finance Director (EMEA) for a multi-national manufacturing and contracting business. In 2011, he re-joined KINE as Finance Director and has since played a key role in a number of commercial, financial and strategic projects. He was appointed Managing Director in February 2019.
Prior to joining KINE, Neil trained as a Chartered Accountant with KPMG and gained experience in audit, business consulting and transaction services working with clients across manufacturing, construction and leisure industries.
Neil sits on the board for the Mineral Wool Insulation Manufacturers Association (MIMA).
Knauf Insulation is the UK’s leading manufacturer of glass and rock mineral wool insulation products.
As part of the family owned Knauf Group, Knauf Insulation represents one of the most respected and progressive names in insulation. It offers an unrivalled range of insulation solutions for any application or project to meet the increasing demand for energy efficiency, fire resistance, thermal and acoustic performance in new and existing homes, non-residential buildings and industrial applications.
In the UK, the company operates at three manufacturing plants; Cwmbran, Queensferry and St. Helens.
Neil Hargreaves, Managing Director Knauf Insulation is BMBI’s Expert for Mineral Wool Insulation.
It is astonishing how much the landscape has changed since January. In an unprecedented way, Covid-19 has affected UK industries and the construction sector has clearly not been spared. At the time of writing this, the sector is steadily reopening.
Although the economy is restarting there is some uncertainty on how long it will take to recover. It is estimated that new house builds will decrease by around 40% this year whilst the overall UK construction will fall by over 20%. Housebuilders and other construction firms are unlikely to build at the same “pre-virus” rates, with concerns over demand, funding, and supply side challenges such as managing on-site social distancing all having an effect.
Government needs to think carefully about the economic stimuli they will use to relaunch the economy. Lots of people will be reassessing their view of the world and what’s important to us. Certain infrastructure projects might not be as relevant as before, as we shift to more homeworking with less travel for work or leisure. The need to build more, better quality houses remains. Furthermore, the drivers to move away from combustible materials in higher rise buildings and to reduce carbon emissions from the building stock have not gone away. It is reassuring to see that the £9bn promised by the government for retrofit energy efficiency measures over the next decade is still planned. The question is now more about how this will all be funded and which areas will be prioritised.
All of these factors make it extremely difficult for builders’ merchants and the rest of the supply chain to predict the demand for construction products in the short to medium term. It is therefore more important than ever before that we work together to share thoughts and keep supply flowing, whilst ensuring safe distancing is put in place to keep our people safe and avoid a second peak for the virus. At Knauf Insulation, after a very quiet April, we are starting to see demand returning – our priorities have not changed and we are ready to support our customers more than ever.
Launched in 2015, the award winning monthly Builders Merchant Building Index (BMBI) report is the only reliable measure of repair, maintenance & improvement (RMI) activity in the UK. Filling an important gap, it can be widely used in construction, and by economists, Government, national media, commentators and influencers outside the industry.