The Mattawa-headquartered manufacturer, located east of North Bay, was the sole Northern Ontario entry on the list of 400 Canadian companies deemed “the boldest businesses in the country” for 2020 by the Globe and Mail's Report on Business.
Gincor manufactures vocational trucks and specialized trailers for use in construction, municipal, and other industries.
The company landed in spot number 355 out of 400 on the list, citing three-year revenue growth of 84 per cent.
In 2019, the company, which employs 274, reported $50 million to $75 million in revenue.
This marks the second year Gincor has made it on the list.
Last year, Gincor made its debut at the number 247 spot.
In 2018, it reported three-year revenue growth of 132 per cent growth, and $50 million to $75 million in revenue. Gincor reported employing 197.
Gincor traces its origins back to 1978 with the launch of Gingras Corriveau welding and fabrication shop. It has since expanded to seven facilities occupying 378,000 square feet of manufacturing space, including 55 installation bays and 18 service bays, and employing more than 250.
It remains a family-owned business, with Luc Stang serving as president and CEO of the company that his uncle cofounded more than four decades ago.
The Top Growing Companies list was launched in 2019.
Businesses self-submit their names for consideration.
To be considered, they must complete a full application and supply supporting financial documentation.
They’re then evaluated based on the most recent fiscal years for which financial statements are available.
Criteria include reporting a minimum of $2 million in sales during their most recent fiscal year, and status as a for-profit, Canadian-run and Canadian-headquartered independent company.