When Luc Stang took over as president
and CEO of Gin-Cor Industries of Mattawa, he inherited a “well-oiled
machine” from his uncle Bob Corriveau.
Though the heavy trucker equipment
‘upfitter’ was widely regarded as an industry leader, Stang was
determined to take it to the next level with double-digit sales every
year, and a well-motivated and energized workforce.
With a Kaizen-like belief in constantly
learning and improving, Stang drew inspiration from business
management guru Jim Collins.
He wasn’t satisfied with merely being
a good company, but wanted to install a culture where employees are
entrepreneurial-minded, take ownership of the work they do, and
embrace change.
“Our goal is to be the biggest, but
to be really good at what we do.”
Gin-Cor modifies all brands of major
name-brand truck chassis in performing custom installations such as
installing dump boxes, snow plows, sanders, flatbeds, cranes and
decks.
The attachments manufactured by
suppliers are shipped up to Mattawa where the final assembly of the
finished vehicle takes place. Gin-Cor installs all the necessary
controls and components for the end-user.
The company began as a small welding
and equipment fabrication shop started by Bob Corriveau and two
business partners, Louis and Phillip Gingras in 1978, before
expanding into installing dump boxes in 1986.
Through hard work, attention to detail,
and relentless customer service, Gingras Corriveau quickly became the
number one dealer in Canada and the U.S. for Bibeau dump-bodies.
Stang arrived on the scene in 2002
after 15 years in the chemical industry, buying the company from
Corriveau, the current mayor of Papineau-Cameron Township.
Both were looking for a change of pace.
Stang wanted to settle down with his
family in a place they had spent many summers. Corriveau was
dog-tired after 22 years of building the business.
“We took it to the level we wanted to
take it,” said Corriveau. “I enjoyed it tremendously, but I was
relieved to walk away.”The company enjoyed a very loyal customer
base installing high-end, durable and top-quality products. But like
many North American truck outfitters, it was run like a Mom-and-Pop
operation.
Most of the knowledge behind the
complexities of building customized trucks was inside the heads of
the outgoing owners.
“The business could have gone south
quite easily with the change in ownership,” said Stang, who began
documenting procedures and started cross-training personnel.
More day-to-day decision-making was
delegated to experienced staff on the shop floor and Stang has
actively solicited their ideas.
“I put things in place to allow
others to make decisions and give them some latitude to do that to
allow them to learn and grow.”
Stang has some big expectations for
Gin-Cor.
An expanded assembly shop will boost annual truck 'upfitting' capacity from 300 to 600 annually.
He wants his 60-employee firm to
eventually be recognized as one of Canada's 50 best managed
companies.
Making Gin-Cor a place where people
want to come to work and where employee input is respected and valued
will mean attracting the best people to fuel the company's future
growth plans.
Under the mission statement, 'We build
trucks that owners want to own and drivers want to drive,' Stang has
also launched a diversification strategy.
For years, Gin-Cor was a seasonal
business. Summers were slow. Dump boxes were installed for customers
in the spring for the upcoming construction season before activity
picked up again in the fall, attaching snow plows to get ready for
winter.
Stang is out to find complementary
business, such as refurbishment work, to keep its workforce busy
year-round, especially in July and August.
“This year we’re having a banner
year. We’ve picked up some large contracts in southwestern Ontario
for dump trucks.”He attributes that to the decision to establish
sales offices in major truck centres like Ottawa, London and
Newmarket to be closer to customers and the hub of construction
activity.
After inking a four-year deal to build
and supply snow plow trucks for the City of Ottawa, Gin-Cor is
chasing more municipal work.
The “snow and ice market” is
providing them with some national exposure with a Department of
National Defence contract for bases across Canada.
Stang said the company was growing at a
30 per cent annual pace until the 2008 market crash. Now it's
rebounded to 10 per cent annually.
“We expect to remain in double-digit
growth over the next five years.”
Eventually, Stang intends to establish
a network of service centres in southern Ontario for maintenance,
parts distribution and to handle repairs.
“Being far from our customer base,
it's part of our motivation to make sure it's done right the first
time and it never has to come back here.”
The plant builds about 300 trucks a
year, but with a recently-opened 18,000-square-foot production
facility, capacity will ramp up to 600.
Integrating lean manufacturing
practices represents a chance to streamline their truck assembly
process, but also physically expand with an eye on future growth.
With large sandblasting and paint
booths, combined with their in-house hydraulic and welding expertise,
Gin-Cor is pursuing some heavy equipment work in the resource
industry.
“We're hoping to go after
refurbishing work in the mining sector. We think there's a real need
for that in the North.”
What Stang has brought to Gin-Cor is a
keen understanding of the North American marketplace and their
competitors in analyzing partnership opportunities and possible
acquisitions.
“I look at things from the
perspective of, how do we find synergies to better compete at the
regional and national level?”Though often presented with proposals,
Stang is always shrewd in weighing all options that make for the best
corporate fit. “We only want to align ourselves with the best,
those we recognize as the best regionally or globally.”
www.gincor.com