Montreal, Quebec – Targray has been named to the FP500, Financial Post’s ranking of the top 500 corporations in Canada by revenue. This is Targray’s debut appearance in the FP500 after 30 years in business. It ranks No. 458 among all companies surveyed, up from No. 534 the previous year.
Targray was founded in 1987 to supply specialty materials to the compact disc manufacturing industry. The company turned its focused to renewable energy in the mid-2000s, becoming a major international provider of materials and supply chain solutions for the solar and lithium-ion battery sectors. In the last decade, Targray has expanded into energy marketing and trading, establishing itself as a leading supplier of biodiesel and refined products in several markets across North America and Europe.
“Targray is taking on some of the biggest challenges in the energy sector while remaining focused on creating value for partners in the supply chain,” said Targray President and CEO Andrew Richardson in a statement. “Inclusion in this year’s FP500 is a significant achievement that speaks to our strong culture of innovation, and to the passion and creativity of our global workforce.”
The FP500 is an annual listing of the 500 largest corporations in Canada based on revenues from the previous year. Research and rankings are collected and distributed by FPInfomart, a division of CanWest Digital Media. This year marks the 55th edition of the FP500.
According to the Financial Post, total revenue reported by the FP500 as a group was $2.33 trillion CAD, with the average FP500 company reporting revenue of $4.67 billion and a profit of 455 million. A complete listing of the FP500 and more information on the methodology is available at fp500 the premier ranking of corporate canada