National Steel Car: Leading Canadian Locomotive Manufacturer

National Steel Car is a Canadian based company that is regarded as the largest manufacturer of train cars in Canada. The company is headquartered in Hamilton, Ontario, and has always been in the top three train car manufacturers throughout its lifetime. National Steel Car was founded in 1912, and today, the company still dominates the industry, thanks to the efforts of Gregory James Aziz, also known as Greg Aziz, the company’s current chairman and chief executive officer.

 

 

Long before the success that the National Steel Car is presently experiencing, the company has undergone several challenges in its lifetime. After it was founded in 1912, its performance was praised and it exceeded the expectation of its investors. The production of rolling stocks became in demand after the establishment of the company, and in 1913, the orders managed to reach an all-time high. One of their biggest clients was the Canadian Pacific Railway and the Canadian Northern Railway, which ordered several units of rolling stocks that were being used for the completion of the Trans-Canadian railway. Business is good for the National Steel Car when it was founded until the beginning of the Great Depression in the 1930s. The company saw a decline in orders, and they resorted into making different products aside from rolling stocks just for them to survive. The business was revitalized during World War II, and they have been in a healthy state ever since. In 1962, the company was purchased by Dofasco, a Canadian steel company, but they decided to leave the company when they noticed that its revenue is declining. National Steel Car went into the hands of Gregory J Aziz in 1994, and he promised to revitalize the business and beat the previous revenue records that they had. Go Here to learn more.

 

 

Under the leadership of Gregory J Aziz, the business started to flourish. National Steel Car managed to hire an additional 2,500 employees from the original 500 that remained. The production capacity of the company also rose significantly, growing from only 3,500 train cars up to 12,500 train cars per year. Presently, National Steel Car is manufacturing train cars and supplying them for the Canadian and American market, both for industrial and commercial use. Gregory J Aziz stated that the success of the company under his hands is the result of hard work and perseverance that a company on its knees can still bounce back and become successful.

 

See More on: https://www.steelcar.com/

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