Greg Aziz: The history of National Steel Car

Greg Aziz or Gregory James Aziz is one of the prominent entrepreneurs in Canada. Greg is the president and CEO of the biggest railroad freight car manufacturing and engineering company in the world known as National Steel Car. National Steel Car has its headquarters in Hamilton, Canada. National Steel Car is known for being the world’s largest manufacturer of Rolling stock. It was established in 1912, and since then it has been operating nonstop for now over a hundred years. In its entire lifetime, National Steel Car has been ranking among the top three rolling stock manufacturers in Canada. National Steel Car which is currently under the leadership of James Aziz is a subsidiary of the famous National Industries Inc.

 

National Steel Car has a long and interesting history since its formation in 1912. First of all, National Steel Car was established by the great investor Sir John Morison Gibson together with partners from Basil Magor Car Corporation. Basil Magor Car Corporation was supposed to lead the initiative of establishing National Steel Car Project. They set up the factory in Hamilton, Canada, where it is seven till today. Basil Magor Corporation was the first entity to act as the general manager of National Steel Car immediately after it was established. National Steel Car was very successful in its very first years of its operations, a thing that inspired its owners to keep investing in the project. Just after one year of operations, the company’s production of rolling stock had reached its all-time high. This initial success is attributed to the timing of the establishment of the business. At the time, the railroad industry was performing very well and was a key part of the growth of the economy. See This Article.

 

The first orders that the company received were from the Pacific Railway, a Canadian corporation that needed to be supplied with boxcar orders. The company was for the first time privatized in 1919 after it was purchased by Donald Symington and Robert Magor. The company then changed the name to become National Steel Car Corporation Limited.

 

In 1962, National Steel Car was bought by Dofasco. However, by 1990s Dofasco was unable to continue managing the corporation. This is when Greg James Aziz stepped in and bought the company. Greg Aziz managed to overturn the operations of the corporation, and by 2000 it was the best manufacturer of railroad freight cars in the region. The number of cars produced annually increased from 3500 to over 12500. The number of workers also improved from 500 to about 3000.

View Source: https://www.steelcar.com/Greg-Aziz-welcome