Coast Fraser Enterprises makes the 2017 PROFIT 500
Sept. 14, 2017 - Canadian Business and PROFIT today ranked Coast Fraser Enterprises Ltd. No. 213 on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. Published in the October issue of Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian businesses by their five-year revenue growth.
September 14, 2017 By Coast Fraser Enterprises Ltd.
Coast Fraser Enterprises Ltd. made the 2017 PROFIT 500 list with a five-year revenue growth of 300 per cent.
“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” says Deborah Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada – and the world – needs more entrepreneurial success stories like these.”
As the global demand for quality wood products continuously climbs, industry professionals seek solutions to simplify the process of importing and exporting wood products. Having launched the company in 2009 in Vancouver, B.C., Canada, Coast Fraser Enterprises Ltd., led by Founder and President Frank Hui, saw a market opportunity for the Canadian lumber industry to export products to markets in China. Coast Fraser partnered with one of the largest wood product manufacturers in the world in 2013, Weyerhaeuser, and launched an internal electronic system to aggressively triple operation capacity and reduce operation costs.
Today the company operates with 40 employees and is recognized as a major lumber distributor of North American wood products to offshore markets consisting of 15 countries and regions globally. In the company’s continual efforts to bring value to their customers, suppliers and third-parties, Coast Fraser launched the WoodTrader platform in 2015. WoodTrader is a user-friendly, e-commerce solution and business platform with integrated logistics, operations features, and trading payment processing. It is also a direct communication channel between buyers and verified suppliers of wood products. Coast Fraser leverages the application to accelerate its business around the world by simplifying communications and opening a world of markets to its users.
“Coast Fraser is very honoured and humbled to be recognized in the 2017 PROFIT 500 ranking.” says Frank Hui, Founder and President of Coast Fraser Enterprises Ltd. “Our goal as an organization is to simplify the international wood purchasing process by integrating user-friendly platforms, value-added services and distribution logistics expertise. We continue to make strides to meet and exceed our customer’s expectations globally”. Frank Hui and Diane Bian, Director at Coast Fraser Enterprises Ltd., are scheduled to attend the PROFIT 500 CEO Summit to be held on Oct. 11th, 2017 at the Four Seasons Hotel in Toronto.
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