National Steel Car Returned To His Former Glory By Gregory Aziz

 

National Steel Car is a century old company, being launched in 1912, and is the largest Canadian manufacturer or rolling stock. The company is currently led by Greg Aziz, who acts as the Chief Executive Officer and Chairman, having bought the company in 1994.

National Steel Car is based in Hamilton, Ontario and was founded by a number of investors which were led by Sir John Morison Gibson. 1913 saw an all-time high of rolling stock orders in Canada, which meant the company got launched at a perfect time, as the first few years of its existence surpassed investors’ expectations. They initially received a large amount of orders for box cars from Canadian Pacific Railway, and orders from the Canadian Northern Railway for various railcars. Business boomed until the depression era of the 1930s. While the company lacked orders, business picked up after the 2nd World War.

National Steel Car was bought by Dofasco in 1962, but they effectively gave up control of the company by 1990 as the company began declining. It got sold in 1994 to Gregory James Aziz, more specifically to the company he owns, National Industries Inc. Today, the company remains among the few rolling stocks companies in Canada. Despite the company’s declining state, Greg James Aziz managed to maintain its legacy and return it to its former glory. He managed to increase the workforce of the company from 500 to 3,000 employees, and also its production capacity to 12,500 rail cars every year, from the former 3,500.

The current owner, Gregory James Aziz, was born on April 30, 1949 in London Ontario. He went to Ridley College and then attended the University of Western Ontario where he majored in economics. He jointed Affiliated Foods in 1971, which is his family’s wholesale food business. In the following 16 years, Affiliated Foods became a worldwide importer, importing fresh food from South and Central America, and from Europe, and distributing it to major wholesale markets in Eastern Canada and in the United States. Read This Article for additional information.

During the late 1980s and early 1990s, Aziz worked in New York on investment banking opportunities, and was able to organize the acquisition of National Steel Car. Thanks to his dedication to restoring the company’s success, National Steel Car has been consistently honored with the highest quality award TTX SECO ever since 1996. Additionally, they are the only railroad freight car company to be certified ISO 9001:2008.

Source article: https://www.steelcar.com/

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *