Building for the future
Name: SEAMUS MCKEAGUE
COMPANY: Creagh Concrete Products
Creagh Concrete was set up in 1974 in Creagh, Toomebridge to manufacture concrete blocks, and has grown into one of the biggest concrete manufacturers and contractors in Ireland and the UK.
Mr McKeague joined Creagh in 1982 and became a part-owner with three of his brothers in 1986, with a turnover of £1m a year. By 2007, the turnover was £55m. In the last four to five years traditional markets have shrank by 75% in Ireland and 50% in the UK. In 2008, Creagh down-sized its workforce from 530 in May 2008 to 240 in May 2009.
Soon afterwards a strategy was implemented to double the size of the business within five years. Around 80% of business is now in England and Scotland and just 20% in Ireland. It has now grown market share from under 10% in the UK during 2007 to over 30% in 2012. There are now 550 direct employees.
The company also plans to build an anaerobic digestion facility in Ardboe and three wind turbines in Draperstown.