National Steel Car: From Bankruptcy to Success

Every company would experience failure sometime during their existence, but if they endure and faced the challenges head-on, the tides could turn, and they can become successful. The same fate happened with the National Steel Car, but they never surrendered the fight. Today, the company is recognized as the leading manufacturer of rolling stocks, and they are one of the fastest growing Canadian company. All of it became possible as they never let their guards down, and with strong and dedicated leadership under Gregory James Aziz, the company managed to grow tremendously through the years eclipsing their success during the first years of their operation.

 

 

More than a century ago in Hamilton, Ontario, several wealthy members of the community banded together to speak about the government’s project of creating a massive network of railroad for the Canadians to use. It will run from the eastern coast of the country to its barren western coast, connecting all of Canada’s territories and provinces. The wealthy individuals thought of creating a company that will greatly benefit from the project, and one of them had the idea of establishing a rolling stock manufacturing facility that will create train cars that can be sold to the government and other private rail transportation companies. After realizing that it would become successful, the group decided to establish the National Steel Car in 1912, as Imperial Car Inc.

 

 

The National Steel Car was the first of its kind in Canada, and investors are starting to put their money in the company with hopes that it will grow further, and their investments would come a long way. The government found out about the National Steel Car and they placed their order for new rolling stocks. Large rail transport companies also signed contracts with the National Steel Car to be their official rolling stock provider. The business is going strong, and the early years of National Steel Car’s operation is considered as its Golden Age. However, good things do not last. See This Article for additional information

 

 

The National Steel Car faced several crises after the 1920s, going through different owners until they were sold to Greg Aziz in 1994. Greg Aziz is a businessman and an entrepreneur who has experiences in the financial industry. He purchased the company with hopes of returning the company to its former glory, and because of his unique way of handling business and the continuous encouragement he is giving his employees, the company managed to bounce back and deliver satisfying results.

 

National Steel Car also loves giving back to the community. Greg Aziz and his wire sponsors the annual Royal Agricultural Winter Fair and the Anglestone Tournament.

National Steel Car Under The Leadership Of Gregory James Aziz

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Gregory James Aziz purchased the National Steel Car from Dofasco in 1994, and in just a short period of time, he managed to transform the company into one of his most valuable assets. During the time when Gregory J Aziz purchased the company, it was struggling from the effects of the rolling stock manufacturing crisis from the late 1980s to the early 1990s. He retained the 600 plus employees working at that time, and he told them that he believes in their skills and knowledge on how to operate the rolling stock manufacturing facility. He also added that their expertise is needed in order to return the company back to its former glory. The kind of leadership that Gregory James Aziz presented inspired the employees working for the National Steel Car, and they decided to work hard so that the company can attain new heights.

 

Seeing how small the labor force of the company is, Gregory James Aziz decided to employ an additional 2,400 employees to work at the manufacturing facility. The number of employees at the National Steel Car rose to more than 3,000, and Gregory James Aziz was told that he could not pay for all of their salaries. However, Gregory James Aziz remained positive putting his trust in the hands of the employees. Because the number of the workers rose, the number of rolling stocks manufactured also went higher. From more than 3,000 rolling stocks produced each year, the number rose to more than 12,000 rolling stocks manufactured. The products created by the employees are also of high quality, and Gregory James Aziz managed to sign deals and contracts with different railroad transport companies in Canada and the United States. The railroad transport companies decided to buy rolling stocks manufactured by the National Steel Car because of their quality.

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Under the leadership of Gregory James Aziz, the company also received an ISO 9001:2008 certification, certifying that the company is operating under quality standards, and that the employees are receiving the benefits that are mandated by the government. The company received TTX SECO award for quality, for over a decade. Gregory James Aziz is proud of his accomplishments, and the National Steel Car is one of those. He was awarded multiple times because of how he transformed the once struggling National Steel Car into one of the most successful manufacturing companies in Canada. Gregory James Aziz, when receiving the awards, thanked his dedicated employees who are working hard to create high quality rolling stocks. (View Source: https://www.steelcar.com/)

How Gregory Aziz Is Influencing The Freight Industry

The freight industry has struggled for a long time. There have been many issues with it and that has led to some issues for people who are trying to make things better on their own. Gregory Aziz knew this when he got involved with the freight industry, but he wanted to make sure he was helping other people out with the issues they were facing. One of the main reasons he chose to be a part of the steel car industry was because he was going to make money from it. The other reason he had chosen to do it was to help an industry that was failing and was becoming detrimental for the people who were working in it.

 

Since Gregory J Aziz wanted to make sure he was doing things right, he spent a lot of time getting the experience that would be required to run a business. He became extremely sought after because he was so successful at fixing businesses and making them better. In addition, he knew he would be able to try different things if he was able to help people with their issues. For Gregory Aziz to do this, he had to be sure he was helping instead of hurting those who were in the situations he liked. See This Page for related information.

 

National Steel Car was established in 1912 under the name Imperial Steel Car. NSC was the perfect chance for Greg Aziz to make sure he was helping people. He was also making sure there would be a chance for him to do his best to the industry standards. When Gregory Aziz had started National Steel Car, he saw there was some value in the industry. He also saw there was something he could do to try and make things better for those who were in a bad situation. It is what led Aziz to try new things and even being a part of the industry.

 

For Gregory Aziz to do all of these things, he had to try to show others what they needed from him. Gregory J Aziz came up with several different development options for steel cars. One of the biggest things he did was make sure he was helping people realize what they were missing by not using the produced steel cars. Aziz taught them that in a failing industry, having the best steel cars and the best options available to them would give them the ability to continue making money and staying relevant in the industry.

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The Rising Obsidian Energy

The Obsidian Energy Company remained Penn West Exploration Limited until 26 June this year when it changed its name after lengthy consultation and approval by the shareholders. It is a mid-sized company with Canadian roots which exclusively deals with the production of oil and natural gas, and its located in Calgary, Alberta. Its situation was informed by the presence of oil and gas-rich fields. Obsidian’s oil production comes from three key areas in Alberta: the Alberta Viking, the Pembina Cardium and the Peace River Oil Sands.

 

As anticipated, this company reached its maximum market capitalization in 2008 when it gradually started declining from an estimate of $9.5 billion. Since then, the company underwent pressing difficulties in operation and financing of its activities when the oil prices dropped by a large margin. Due to this, it opted to restructure by selling most of its assets within the following two years.

To survive the company was compelled to apply several measures including the sale of assets, laying off some workers and cutting a significant level of production. The debt was reduced by such a considerable percentage from $3 billion to $ 384 million just through the sale of assets. It was a significant relief to the company thanks to their decisiveness. On the other hand, around 1100 workers were laid off with the firm retaining only 300 of them. Meanwhile, production got cut from 13500 barrels to 28000 barrels of oil, a day equivalent.

 

It is now a much manageable company, and since a new president and Chief Executive Officer, David L. French was given the mantle of leadership of the company, everything seems to be moving in the right direction. Obsidian is now in a better position and with the recommended number of assets as well as promising balance sheet.

 

Obsidian Energy is a very responsible company concerning community health, environmental conservation, and corporate governance. As for community health, it has a culture of communicating openly to its immediate community, acting promptly on issues of concern relating to their operations. As a matter of commitment, they have an email and a toll-free number through which they can get reached in cases of non-emergence questions regarding their services.

 

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See Also: https://www.bloomberg.com/quote/OBE:CN

Obsidian Energy Cares About the Community

Obsidian Energy is involved in the business of producing oil and gas with an asset base that produces about 30,000 boe per day. The company’s management, together with its asset base, provides the right medium for delivering positive results. Its core values revolve around discipline and passion, and accountability to its shareholders. It is a company that believes in community engagement and always strives to form partnerships with the communities within which they operate.

 

 

The firm was initially known as Penn West Petroleum Ltd but later rebranded to become Obsidian Energy in 2017. The company engages the local communities through their Community Matters program and aim at conducting responsible and respectful operations within such communities. It encourages its employees and contractors to engage openly with the local communities to address pertinent concerns that might arise as a result of their activities of producing oil and gas. It also strives to minimize the impact its activities have on the environment. It has set up environmental programs that aim to meet or exceed environmental rules and regulations, embrace communication among stakeholders including the adoption of proper site abandonment and reclamation practices. (Find Related Information Here.)

 

 

Safety is of key importance to the company’s activities. It has a wide range of safety programs aimed at cushioning and protecting its employees and the local community in general. These programs act as mitigating measures against environmental degradation and also for serious accidents. The company continues to adapt stringent safety standards, training, programs, awareness and employee and contractor safety. Obsidian Energy has the ability to respond to any emergency situation promptly and safely.

 

 

It maintains a comprehensive Emergency Response Programs in all its activities. These ERPs have been developed in collaboration with the local or volunteer emergency organizations and major stakeholders in the communities. This consultative approach is aimed at ensuring that the company’s procedures and responsibilities are clear in case of emergencies. These regulations and procedures are reviewed on a regular basis with the technical information and current stakeholders. These activities are shared to the local communities through awareness initiatives and response training programs with first responder groups and stakeholders.

 

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Success story of Gregory Aziz

National Steel Car is a leading engineering and manufacturing company in the world. This is a company that is located in Hamilton Canada, the company has been in the business of engineering and manufacturing for over hundred years. National Steel Car manufactures railroad freight cars and tank cars. This is a business that has been very successful in the region. When the company was formed in 1912, the railway’s industry was at a peak season. The demand for their products was huge. In the first years of its operations, National Steel Car received huge offers. These are the orders that would make the company reach a level of success that would not have been seen before.

 

The early management of the company took advantage of the peak season and decided to pump in more money to fund the expansion of the company. The result has been a company that has withstood all challenges to emerge very strong a hundred years later. National Steel Car has been very successful under the management of the current CEO. He is also the owner of the company. Gregory J Aziz has been at the helm of this company for a very long time. He is a leader who has performed very well over the years. He joined the company in 1994 when he officially bought it and have continued to serve the company since then. His years in the management have been remarkable. The growth of this company has been tremendous. Never before had this company been this big. Gregory J Aziz bought the company because he knew that he could afford to steer it in the direction that was needed. This is a task that he has managed to carry out very well. National Steel Car has been on a constant journey of growth. The achievements that were made just a few years after he joined outdid performance of other managers who were at the helm for a number of decades. He also worked for his family business Affiliated Foods, after graduating from Ridley College and later after joining Western University.

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Gregory Aziz is a brilliant economist. He has the knowledge that is needed to address the issues that have been keeping the company down. His first duty after joining this company was to ensure that this was going to be a conman that would be driven by success. He pumped in millions of dollars into the company to carry out renovation works. The results of his efforts would be clears a few years later when the company production capacity shot up from 3500 to over 12000. There was also an increase in the number of employees in the company from 600 to over 2000.

View Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=39124620&privcapId=35787198

Hussain Sajwani: A Pioneer in the Real Esate Industry

Hussain Ali Habib founded DAMAC Properties Dubai Company PJSC on June 20, 1976. The company focuses on real estate development in the Middle East. It is headquartered in Dubai, United Arab Emirates.

 

 

Because of their previous successful business partnerships, the Hussain Sajwani family is looking to do more business with the Trump Organization. The two firms collaborated on the Trump International Golf Club that has earned nearly $2 billion in sales. Because of the perceived conflict of interest, Trump has stated that he won’t be involved in any new business deals while president. Sajwani said that he has a good professional and personal relationship with the Trump children and that they can handle any new business deals. Sajwani feels that Trump being president will be profitable for his company. Learn more: http://relationshipscience.com/hussain-ali-habib-sajwani-p3928145

 

The DAMAC owner takes great pride in the company’s roots in the food industry. The company supplied food to American troops during the first Gulf war in 1991 and other operations around the world to include Bosnia and Somalia. Despite being known for its real estate success, the food industry still is a big part of the company. His involvement in the food industry allowed Sajwani to make important friends across the world.

 

The Sajwani family is deeply committed to helping others and frequently gives back to the community. In support of the Dubai government, the company made donations to provide clothing and other goods to keep over 50,000 children warm. Mr. Sajwani believes that the kids are the future and that they need support and the right environment to be successful in life. DAMAC properties collaborated with Emirate Red Crescent to raise over $120 million dollars towards the clothing campaign. The company’s hospitality division, which was started in October 2011, focuses on support to residents of apartments they serve around the world. Learn more: http://www.emirates247.com/news/richest-arabs-youngest-billionaire-wealthiest-family-2016-04-17-1.627434

Banker, Entrepreneur, And Philanthropist – Gregory J. Aziz

He did not start as an engineer, nor did he study engineering after his high school graduation, but he is a go-getter and hard working. Gregory James Aziz was born and raised in Ontario, London in April 1949. After his High school education, Mr. Aziz joined Ridley College before majoring in Economics at the University of Western Ontario.

After his graduation from the University, the opportunist Aziz began his career serving in a family business; Affiliated Foods. He joined the food business in 1971, and as he was working at the food company, the organization experienced tremendous expansion with them expanding their portfolios, and it became one of the largest food firm that delivered fresh foods in Europe, United States, Eastern Canada South, as well as Central America.

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Greg Aziz decided to pursue his career in the banking and finance industry when he joined the industry in the late 80’s. Mr. Aziz got a golden opportunity to work in the banking industry in New York. He did not stay long in the sector and Gregory J Aziz decided to venture into business. His business venture was in a totally different industry, the car, and engineering sector. In 1994, Gregory bought National Steel Car from Dofasco a Canadian Company. Greg had visions, and goals to transform the car firm to one of the largest and the leading car and freight firm in Northern America.

James Aziz was committed to change the face of the engineering and the car firm which by the time he purchased it the performance was down. Being a dreamer and hardworking it did not take long for the organization to be back on its feet. Mr. James did not only invest his capital into the business but also his human resources and capabilities as well as the experience he had to from his family business and his career as a banker.

 

National Steel is now built on strong team building skills, and strong engineering capabilities. Ever since Aziz took over the car and freight firm, it has grown with the organization increase the number of staff as well as the number of cars being manufactured each year. See This Article to Learn More.

 

Greg is not only a banker, and a successful entrepreneur but he also participates in the community development. Together with his wife the president and the Chief Executive Officer of national Steel are supporters of the largest Agriculture Trade Fair in Canada; Royal Agriculture Winter Fair. His car and engineering company has continued to produce high-quality vehicles.

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The initiatives Azaaz is making to the world

Azaaz was launched in 2007, in the several parts of European and Asian it means “voice.” The launch of this democratic mission had one goal in mind that is organizing all the citizens of some parts of the nation’s so that to come up with solutions that would help in the closing the gap that was there of the world that was there and the world most people wanted. Azaaz was empowering the people from all parts of life so that they will be able to take the necessary actions on the pressing issues that were taking place nationally.

Issues like the corruption, climate change, and the poverty. Azaaz had one collective force it didn’t matter the difference that was involved between them like every effort no matter how small it was made an impact. The Azaaz community is made of a community of 15 languages, served by six continents that are the core and so many volunteers that have been helpful. The come up with events and protest that will ensure that the views and values of the people have been considered when coming with any decision. They will email the government, signing petitions, direct actions and even the funding of the media campaigns to get the word out.

Each year, the Azaaz foundation will come up with priorities that will set through the member polls. Also, when it comes to the campaign ideas will be polled out of the member’s samples. Those initiatives that show to have a strong response to the community are taken to scale for consideration. The Azaaz program is more concerned with the generation, and they believe that they have to cater to each other. Everything that they do is for the better of the future and to the planet as well. And together they believe they can be able to build a world that we all want.

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Gregory Aziz’s Success in the Railroad Industry

Gregory James Aziz is the CEO of National Steel Car, one of the leading manufacturers of railroad freight cars in North America. The company is based in Hamilton, ON, Canada.The 68-year-old began his career at Affiliated Foods, which was owned by his family. He worked at Affiliated Foods for several years and by the time he was leaving the company, it had grown tremendously. It was importing food from South America, Central America and Europe, and distributing it to various parts of the U.S. and Canada. After leaving Affiliated Foods in the 1980s, James Aziz worked with a number of investment banks in New York and gained a lot of experience in this sector while at it. This is how he came across National Steel Car and realized it was a great investment opportunity.

 

 

National Steel Car prospers under Gregory Aziz’s Leadership

 

After National Steel Car was purchased from Dofasco, he became the CEO of the company. He had very big dreams from the company right from the start. National Steel Car had already been in operation for more than 8 decades and had a great reputation in the Canadian railroad industry by the time Gregory James Aziz became the CEO. But Greg Aziz knew the company still had a lot of potential for growth. He wanted to make an impact on the railroad industry in North America through National Steel Car.

 

Within just 5 years after the company was purchased from Dofasco, the company’s production capacity had grown by over 200%. It also created a lot of employment opportunities because of this tremendous increase in production capacity. Greg is also the president and chairman and president of the company, and all these positions are extremely demanding to say the least. National Steel Car has continued to prosper under the leadership of Greg Aziz, and today, it is the leading manufacturer of railroad freight cars in North America. Although this is what Greg wanted when he took over the leadership of the company, he still believes the company has the capacity to grow even further. He holds an economics degree from the University of Western Ontario.

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Conclusion

Few people are as committed to excellence as Greg Aziz is, and this is what makes him such a greater leader. Saying that he has had a successful career in the railroad industry just does not cut it. His has been a remarkable journey, thanks to his dedication and discipline.

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