Survivors in the construction sector
A few Irish construction companies didn't get carried away with Celtic tiger cheap credit, and stuck to what they knew best, writes Philip Connolly.
For years, construction firms had never had it so good, with seemingly endless housing and commercial developments resulting in record revenues. By 2009, the cranes had come down and building activity was grinding to a virtual halt.
Of all the sectors affected by the recession, the construction industry got hit the hardest. Many construction firms, big and small, joined the property developers in availing of cheap and easy credit to become developers themselves. Few of those...
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