National Steel Car is a Canadian engineering and manufacturing corporation. It was started in 1912, by Basil Magor and Sir Joh Morison. The corporation is a subsidiary of the National Industries Inc. National steel car deals with the manufacture of car tanks and railroad freight cars. It was created at a time when the railway industry was booming and therefore took a short time to pick and stabilize in the industry. Some of the earliest clients of National Steel Car were corporations such as Canadian Northern Railways and the Canadian Pacific Railways. The company remains the oldest rolling stock company that is still operational in North America.
The company has through various management teams. In 1919. National Steel Car became fully privatized. In 1962, it was purchased by Dofasco. Under Dofasco, the production rate of the corporation declined and in1994, it was sold to Gregory James Aziz. It’s after this change of ownership that the company have picked once again and is doing very well. Although it is more than one hundred years old, it is operating as a modern company. Greg Aziz has modernized the corporation and is now more dynamic and have diversified its production to cater for more products. Greg has restored the status of National Steel Car as the leading company in the design, engineering, and manufacturing of railroad freight cars.
Gregory J Aziz joined the firm with one mission. He wanted to restore the corporation and make it great again. After he purchased the company, he invested millions into the corporation with the aim of increasing its production rate. He also hired a large number of workers with whom he would work with to expand the operations of the corporation. His efforts in the corporation paid handsomely after a few years of operations. By 1999, National Steel Car was a beehive of activities. The production rate of the company had improved greatly and was producing more than 12000 cars annually, a big contrast with when he took over. It was producing less than 3500 cars annually. Refer to This Site for Additional Information.
Gregory Aziz is a Canadian, born and brought up in Ontario. He studied at the University of Western Ontario. He holds a degree in economics. He graduated in 1971. After graduating, he worked in a family owned wholesale business known as Affiliated Foods. He helped make it the biggest importer of food in Canada. Apart from the food business, he has worked for different investment banks in the United States.