CANEI Among Canada's Top Growing Companies in The Globe and Mail’s 2024 List

CANEI is proud to announce its latest achievement, securing the 71st position on The Globe and Mail's sixth annual ranking of Canada's Top Growing Companies.

With a verified three-year revenue growth of 574%, CANEI continues to solidify its position as an innovative force in the recycled plastics industry.

Founded in 2012, CANEI specializes in supplying high-quality recycled PET (rPET), PP (rPP), and PE (rPE) to sustainability-conscious brands and manufacturers worldwide. The company's dedication to closing the plastics loop is evident in its specialization in food-grade recycled PET, catering to the rising demand for sustainable packaging solutions in the food and beverage industries within North America and Europe.

"CANEI is not only recognized for its significant growth but also its pivotal role in waste management and recycling," said Alkarim Shamsy, Founder and CEO of CANEI. "We are proud to be among the few companies on this list driving change in recycling and sustainability, reflecting our dedication to making a meaningful environmental impact." CANEI’s commitment to innovation and excellence continues to fuel its advancement in reducing plastic waste and supporting eco-friendly initiatives.

CANEI’s Continued Growth

The company was first recognized as one of Canada’s fastest-growing startups in 2016 and 2017, and later as one of the fastest-growing companies in 2018 by Canadian Business and Profit Magazine. Building on this momentum, CANEI earned a spot on the Report on Business list of Canada’s Top Growing Companies in 2020, 2023, and 2024. Additionally, it has been featured on the Financial Times Fastest Growing Companies list in 2021, 2023, and 2024.

CANEI attributes its remarkable growth to its innovative team dedicated to delivering sustainable solutions. The company remains true to the meaning of its name, "Constant And Never Ending Improvement," driving forward with plans to further enhance its operations.

CANEI’s Industry Engagement

Throughout 2024, CANEI actively participated in prominent industry events, including the Plastics Recycling Show Europe and the Plastics Recycling Conference in the United States.

By collaborating with recyclers to collect, process, and recycle plastic materials, we are committed to giving plastic a second life and closing the loop on plastic waste. Looking ahead to 2025, CANEI will be returning to these major events, continuing our mission to advance sustainable recycling solutions and foster meaningful partnerships within the industry.

About The Ranking

Canada’s Top Growing Companies is an editorial ranking that was launched in 2019 to celebrate the achievements of innovative businesses in Canada. To qualify for this voluntary program, companies had to complete an in-depth application process and fulfill revenue requirements. In total, 417 companies earned a spot on this year’s ranking.

The full list of 2024 winners along with editorial coverage is published in the October issue of Report on

Business magazine. The list is out now and online here.

“Our annual ranking of Canada’s Top Growing Companies reflects the sector-spanning ingenuity of this

country’s entrepreneurs and corporate leaders,” says Dawn Calleja, Editor of Report on Business magazine.

“And we think it’s important to tell their stories, to help inspire the next generation of up-and-comers across the

country.”

"The Globe and Mail congratulates this year's Canada's Top Growing Companies' winners for achieving

exceptional growth and resilience in facing business challenges," says Andrew Saunders, CEO of The Globe

and Mail. “It is a testament to dedication, strategic vision, and innovative drive.”

About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing

policy change through brave and independent journalism since 1844.

With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.2 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.9 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does

The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.

About CANEI

CANEI is a global leader in supplying high-quality recycled PET (rPET), PP (rPP), and PE (rPE) materials, committed to preventing plastic waste from reaching landfills and oceans. Based in Canada, CANEI supports brands worldwide in adopting recycled materials, especially in food and beverage packaging, with its food-grade rPET solutions.

CANEI’s mission is to be a driving force in waste management improvement, creating opportunities for local communities, and contributing to environmental sustainability with high-quality recycled products.

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