Gregory Aziz Restoring the Century-Old Business National Steel Car

Mr. Gregory James Aziz has been the owner of the Canadian company National Steel Car for more than 24 years now. It had been a plan of his to acquire the company and establish it back to its former success in the industry or rolling stock manufacturing.

 

Mr. Gregory J Aziz is working as the Chairman, President, and Chief executive officer of the corporation. National Steel Car is a Canadian freight car manufacturer based in Hamilton, Ontario and it has been in the business for 104 years and counting. National Steel Car was established in 1912 under the name Imperial Steel Car. Having been in business for such a long time, the National Steel Car had experienced many highs and lows over the decades.

 

When Mr. Greg James Aziz acquired the National Steel Car, the company was nothing like it used to be. Its resources had dwindled down to only a few hundred employees, and it was able to produce only a few thousand freight cars per year.

 

The company of the National Steel Car used to be under the ownership of a large corporation called Dofasco. Even though the company tried to restore National Steel Car, but its efforts were nowhere near enough. National Steel Car used to be a leader in its line of work, but it had fallen behind severely many years ago. In 1994 Dofasco had utterly given up on working on the revival of the century-old business and sold it to Mr. Greg James Aziz.

 

With 600 employees and an annual manufacture capacity of only 3 500 cars, National Steel Car was not receiving many orders. The company needed a restructuring from the ground up as cosmetic changes were not going to cut it.

Mr. Greg James Aziz started to revive the National Steel Car by making the name popular again. The company gain presence and better advertisement. Once things had started picking up once again to some extent, Mr. Greg James Aziz directed the capital towards expansion. The capacity of annual production increased and after five years of ownership it the company could produce 12 000 cars per year instead of only 3 500. The employees also grew from 600 to 3 000 in the same period. Get More Info Here.

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These days the business of National Steel Car is booming again. Being under the ownership of Mr. Greg Aziz proved to be just what the National Steel Car needed in order to be a leader in its line of work once more. The company even started exporting its production.

 

See Also: https://ca.linkedin.com/in/gregaziz