Page 22: of Maritime Reporter Magazine (November 2024)

ONE-ON-ONE “Looking out over the next ? ve to 10 years, we will we will see more growth in the US, building on a base base that we have started. We’ve built relationships ships there, we know the culture, we’re part of the cul-he cul- klog ture, and that’s where the signi? cant backlog nt of government work resides at the moment in the shipbuilding industry. Hopefully, the e

ICE Pact that’s recently been announced ed ill between Canada, Finland and the US will promote opportunities for companies like

Genoa to export our expertise and con- tinue that growth and development in

Canada, but also outside of Canada.”

LAURIE BALAN, COO,

GENOA DESIGN INTERNATIONAL from the early days, and that’s where we grew and matured as a company. We grew from about 20 employees to about 240 across Canada and the US today. Our revenues grew exponen- tially as well over that timeframe.

Please give insight to your work today, with insight on where you see it growing in the coming decade?

Most of our work today is government and navy contracts.

We still do commercial work from time to time when it aligns with our strategic direction, but for the most part, we work on major large programs in Canada and the US, mostly for the

US Navy, US Coast Guard, or Canadian Navy and Canadian

Coast Guard.

In terms of numbers, about 70% of our work is defense re- lated. About 75% of that right now is currently in Canada.

Looking out over the next ? ve to 10 years, we will see more growth in the US, building on a base that we have started.

We’ve built relationships there, we know the culture, we’re part of the culture, and that’s where the signi? cant backlog of government work resides at the moment in the shipbuild- ing industry. Hopefully, the ICE Pact that’s recently been an- nounced between Canada, Finland and the US will promote opportunities for companies like Genoa to export our exper- tise and continue that growth and development in Canada, but also outside of Canada.

22 Maritime Reporter & Engineering News • November 2024

MR #11 (18-33).indd 22 10/23/2024 2:19:11 PM