New York, New York, Sept. 4, 2011 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE:
Cogent Fibre LLC Ranks No. 40 in its industry category on the 2011 Inc. 500 list.
NEW YORK, September 4th, 2011
"Being included in Inc. Magazine’s top 500/5000 fastest growing private companies for the second consecutive year is truly an honor," said Cogent Fibre’s, Don McClure. "At Cogent Fibre, we achieved a 190% revenue growth over the last three years; this growth follows the 735% that we achieved during the prior three year period." He continued, "We are all very proud of the team we have built and the ability of our team to continue to execute our plans year over year. We look forward to continuing this trend."
Established in 2005, Cogent Fibre is a privately held company that produces and exports pine wood chips from the eastern coast of the United States. Cogent Fibre’s wood chips are produced from the necessary tree thinning of private timberlands in the southeastern United States and are used in the manufacture of paper pulp, particleboard, medium density fibreboard and for the generation of clean, renewable energy in biomass fired power plants.
To date Cogent Fibre has exported more than three million metric tons of pine wood chips and is proud to be the leading wood chip exporter on the east coast of North America.
The Inc. 500 is an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
About Cogent Fibre
Cogent Fibre is the exclusive wood chip exporter from East Coast Terminals and The Port of Morehead City, two world-class wood chip loading facilities located in Savannah, GA and Morehead City, NC. Cogent Fibre’s facilities are the only currently active wood chip terminals in the eastern United States, possessing 250,000 metric tons of wood chip storage capacity and ideally positioned in the heart of the abundant US South wood basket.
For more information:
http://www.inc.com/inc5000/profile/cogent-fibre
A file accompanying this release is available at:
http://media.globenewswire.com/cache/17250/file/11309.docx
