OMAX Corporation, the leader in the design and manufacture of advanced abrasive waterjet machines and accessories, was recently named to Inc. Magazine’s 500|5000 list of fastest-growing private companies in America. This marks the second time OMAX has earned a spot on the coveted list, which is developed annually by Inc. to recognize and celebrate the success of growing companies.
OMAX Corporation ranks 202 as the fastest growing company in the manufacturing industry and 4,511 overall, having experienced 21 percent business growth between 2008 and 2011. During the same time period, the company added 44 jobs and now employs 240 individuals.
“It is an extreme honor for us to once again be recognized as one of the fastest-growing private companies in America,” said Dr. John Cheung, CEO of OMAX Corporation. “OMAX’s growth stems from our team’s hard work and dedication to continuously develop and support new and improved abrasive waterjet technologies that meet the diverse and ever-changing needs of manufacturers worldwide.”
Given the stagnant economic environment between 2008 and 2011, it is a particularly notable achievement for all of the companies that made the 2012 Inc. 500|5000 list. In addition to achieving impressive growth rates, companies named to the list have created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
The 2012 Inc. 500|5000 list is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. They must also have required minimum revenues for 2008 of $100,000 and $2 million for 2011. For a complete listing of the Inc., visit: www.inc.com/5000, or www.omax.com.
