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Gregory Aziz’s Efforts To Revive National Steel Car Bears Fruits

Gregory J Aziz is the chairman and chief executive officer of the National steel car. National Steel car is a Canadian engineering and manufacturing corporation that deals with the manufacture of tank cars and railroad freight cars. It is the biggest manufacturer in the North America region. The company not only manufactures. The process involves three crucial stages of product development. They design, engineer and manufacture the products. National steel car has been operational for more than one hundred years. It was started in 1912. The first investors in the corporation were, Sir John Morison and Basil Magor of Magor Car Corporation. The corporation was under the National Industries Inc.

 

 

National steel car was very successful in the first few years of operations. NSC was formed at a time when the business was booming with orders from all over. Big railways corporations were in the process of setting up their systems and demand for products was high. National Steel Car got huge orders from Canadian Pacific Railways and Canadian Northern Railways. These orders made the corporation start on a high and never faced the challenges of startup businesses. In 1919, the corporation was privatized and changed the name to National Steel Car Corporation Limited.

 

 

The good performance of National Steel Car would continue through the first two decades with no glitch. Challenges would be met in the 1930s. There was huge economic depression which affected business in the manufacturing sector. National Steel Car had not diversified its operations and was found off guard by the economic crisis. The corporation had concentrated on one line of business, and that meant, when the orders are down, the company would be faced with the challenge of sustainable operations. Faced with a shortage of orders, the company had to find alternative means of staying in the game. They came up with a decision to manufacture motor boards and bus bodies. Refer to This Web Page for More Info.

 

 

Greg Aziz

 

In 1994, the corporation was facing a risk of closing down due to a shortage of orders. The company needed an urgent change of leadership. Greg J Aziz then, working in the investment banking sector bought the company with the aim of transforming its operations and once more making it the best corporation in the region. He bought National Steel Car from Dofasco.

 

Gregory J Aziz pumped money into the corporation. He changed the production systems of the corporation, and within a few years, National Steel Car was booming with activities. The production rate had gone up and was doing more than twelve thousand annually all the way down from 3500 when he took over.

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