Two local manufacturers have made the latest list of Canada’s fastest-growing companies.
Canadian Business and Profit has ranked MSW Plastics Inc of Palmerston. at No. 114 on the 28th annual Profit 500, and 19th in the manufacturing sector.
Ranking Canada’s fastest-growing companies by five-year revenue growth, the Profit 500 profiles the country’s most successful growth companies. A joint venture between The Profit 500 is published in the October issue of Canadian Business and online at PROFITguide.com.
MSW Plastics Inc. made the 2016 PROFIT 500 list with five-year revenue growth of 649%. This marks the third consecutive year the company has made the list.
“Companies become a part of the Profit 500 through innovative thinking, smart strategy and sheer grit,” says James Cowan, editor-in-chief of PROFIT and Canadian Business.
“These firms demonstrate what Canadian entrepreneurs can achieve, both at home and across the globe.”
“MSW Plastics is honoured to be on the PROFIT 500 ranking,” says company president Steve Bosman. “This is accomplished by having a fantastic, dedicated team.”
MSW vice-president Joel Koops added, “Our customers, our team, and our commitment to manufacturing quality products allow us to continue to expand. We look forward to continuing the growth.”
MSW Plastics Inc. manufacturers PVC plastic extrusions for the industrial, commercial, agricultural and residential markets. The company specializes in technical profiles, specifically wall and ceiling panels and custom extrusions.
Also making the list is Mount Forest-based Molok North America.
The magazine reports Molok acheived a five-year revenue growth of 88%.
“We at Molok North America Ltd. are honoured that we were able to achieve results that allowed us to remain on the Profit 500 ranking for four years in a row,” says CEO Marja Hillis. “This achievement reflects the strength of our product and the commitment and dedication of our team.”
The company manufactures the Molok deep collection system, a semi-underground waste collector.
