The workforce at Keogh's Crisps has more than doubled as the company expands to meet the spiralling demand for its luxury brand crisps overseas and its new popcorn range here.
According to MD for Keogh’s Crisps, Tom Keogh, the business today employs 73 across all parts of the business.
New accounts show that Keogh’s Crisps Ltd employed 45 at the end of last year and 35 at the end of 2017.
Mr Keogh expects the business to expand further next year with the total number to employed by the end of 2020 to be around 80.
He was commenting on new accounts showing that Keogh’s Crisps Ltd last year recorded a modest loss of €3,429 which followed a profit of €34,231 in 2017.
Mr Keogh put the loss down to expansion costs at the company and the 40% increase in production costs as a result of the Summer drought last year.
He said that there was a 60% reduction in yield from the potato crop here last year and "this had a massive impact on our financial result".
Mr Keogh stated that last year the company focused on expansion following a capital spend on a new Popcorn maker at the company's plant.
The launch of the new popcorn range "has been very successful and is the fastest growing part of our business", he said.
Last year, Keogh’s secured a contract with the largest international airline in the world, Emirates to supply one million crisp bags per annum.
Keogh’s secured the contract after a blind tasting by Emirates of 15 different brands.
Mr Keogh said the contract has gone "fantastically well" and confirmed that Emirates has renewed the contract for 2020.
The Emirates contract has opened up new business with other airlines and the company now supplies its premium crisps to Aer Lingus, Lufthansa, Cityjet and American Airlines.
Mr Keogh said that the company has developed special pressure crisps bags at its plant that ensure that the bags don’t inflate when 30,000 ft high up in the air.
The business’s US market has been a notable success over the past 12 months where Keogh’s crisps are now available in 600 stores in the north east.
The company was only established in 2011 and its crisps are made from potatoes harvested from Keogh’s 400 acre farm in north county Dublin.
Five members of the Keogh family are involved in the business.
At the end of last year, the company’s shareholder funds totalled €1.37m and reflecting the investment in the business, the value of the company’s tangible assets increased from €825,889 to €1.44m.