Beneco Packaging Among Canada's Fastest Growing Businesses
Beneco Packaging and its subsidiary, SoOPAK, a short-run offset printing and packaging specialist, have been honored for a second straight year as one of Canada’s fastest-growing companies on the PROFIT 500 list, the definitive ranking of Canada's fastest growing companies by Canadian Business and PROFIT. Published in the October issue of Canadian Business and at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth. Beneco Packaging was ranked No. 432 and made the 2015 PROFIT 500 list with five-year revenue growth of 91 percent.
“The PROFIT 500 represent the highest tier of entrepreneurialism in Canada,” James Cowan, editor-in-chief of PROFIT and Canadian Business, said. “They should be lauded for the positive economic contributions they’ve made to their communities—and the entire country. They are examples of what can be accomplished with innovation, discipline and determination.”
Beneco and SoOPAK are one of the 186 Greater Toronto area-headquartered firms on this year’s ranking. These 186 firms grew their revenues an average of 608 percent between 2009 and 2014, creating an additional 15,929 full-time equivalent (FTE) jobs over that period. Collectively these firms employed 23,282 full-time and 2,338 part-time employees in 2014.
“Beneco Packaging and SoOPAK are honored to be recognized on the PROFIT 500 ranking,” Yajun (Carol) Jiang, Beneco’s president, said. “This achievement reflects the strength of our company and the dedication of our team. We’re very proud of our technology, services and solutions and our excellent staff - all of which reflect our vision to serve the short-run packaging needs with unique, high-quality, attention-grabbing promotional cartons.”
As one of the few packaging manufacturers on the list, Beneco was ranked 81st under the fast-growing manufacturing companies on the 2015 PROFIT 500. The 98 manufacturing firms on this year’s ranking grew their revenues an average of 895 percent between 2009 and 2014, creating an additional 4,581 full-time equivalent (FTE) jobs over that period. Collectively they employed 7,637 full-time and 676 part-time employees in 2014.
“Our tremendous growth can be attributed to a number of factors,” Jiang said. “We work hard to make our customer experience very positive. We’ve kept a customer-first mindset and dedication to using technological advances for an easy folding carton order purchase. For example, we have dedicated knowledgeable folding carton consultants for every customer’s order. We’re the first company with an online folding carton platform to make online ordering easy—providing instant quotes and live support from our product specialists. We bring value to each customer. We don’t charge for plates and dies like all the rest. We offer the highest quality offset printing. With as little an order as 500 boxes, we provide our customers with a fast 10 day turnaround time.”
With numerous awards under its belt, Beneco and SoOPAK are proud to add the PROFIT 500 ranking to its list of impressive achievements. Earlier this year, Jiang was chosen by PROFIT and Chatelaine on its annual W100 list of Canada’s top female entrepreneurs. She was ranked No. 53 on the 17th annual ranking that was published in the June 2015 issue of Canadian Business.
This year’s PROFIT 500 is the 27th annual edition of the ranking. By evaluating businesses based on five-year revenue growth, the PROFIT 500 identifies companies that have proven themselves capable of surviving in turbulent economic conditions. These aren’t the hot start-ups that grab the spotlight and then disappear, says the publisher. They’re companies with viable business plans. They’ve proven themselves capable of maintaining relationships with suppliers, employees and customers.
