The National Steel Car was sold to Gregory James Aziz in 1994, and after he took ownership of the company, he did an excellent job to place it on the top of the pedestal. After Dofasco decided to remove the National Steel Car away from their list of companies because of the fear that it will become their burden, James Aziz purchased the company with the hopes that it will once again bounce back and become a leading production and manufacturing company in Canada. The company managed to experience tremendous growth under the leadership of Gregory J Aziz, and because of his superb leadership skills, the company slowly become of the fastest growing companies in Canada.
When Gregory James Aziz decided to buy the National Steel Car, he noticed that there are around 500 employees left working for the company that was hired by Dofasco. He decided not to replace them because he believed that these people have the skills to build high quality rolling stocks. The employees thanked Gregory James Aziz for his consideration, and they promised that they would be helping the company to meet its goals. Gregory J Aziz appreciated the move from the employees, and he decided to hire an around 2,500 workers that will build new rolling stocks.
Gregory James Aziz briefed the new employees, and the older employees taught them as to what they would have to do. The newly hired employees immediately got how the high-quality rolling stocks were built, and because of their cooperation, they managed to create 12,500 rolling stocks per year. The annual number of rolling stocks rose from their previous record of 3,500, and it placed the National Steel Car as one of the top performing companies in Canada. The National Steel Car is now considered as one of the most successful rolling stock manufacturers in Canada, and they are now aiming to produce more rolling stocks that they can sell to some transport companies.
Gregory James Aziz said that he is delighted to see how the employees are doing their best to elevate their status. The National Steel Car is now being awarded several recognitions because of how they are providing quality rolling stocks. James Aziz has also been awarded several recognitions because of his exceptional skills in leading the company. The National Steel Car keeps on becoming the leader in providing rolling stocks both in Canada and in the United States.
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For anyone in the railcar business, Gregory James Aziz has become somewhat of a household name. Major railroad tycoons have not been around for the greater part of the last century, but sometimes a person like Greg Aziz comes around that innovates in the industry and helps to save a failing company.
Gregory J. Aziz started in the business world after he graduated with an Economics degree from Western University in Ontario. His family owned a food distributor in Canada, and after he graduated from school he went to work there. Affiliated Foods did not have the best balance sheet in the business at the time, and it was very much a local business. However, Greg quickly found that he had a special skill for building small businesses and bringing them into the forefront of their respective industry. After 16 years of working at Affiliated Foods, Aziz had grown the small distributor into a distributor with customers all over North America. He had even grown the supply chain for Affiliated into South America and Europe.
After a short stint in investment banking in New York, Aziz wanted to try something different. He wanted to take on a challenge. He wanted an opportunity to continue to let his business skills shine. Using his windfall from a major investment he undertook, he purchased National Steel Car in 1994. National Steel Car was a medium-sized manufacturer of rolling stock and freight cars, such as grain hoppers, oil tankers, and boxcars. However, in the early 1990s, the railroad industry had hit a slump, and many questioned his decision to buy the company. He soon showed these naysayers how wrong they were.
Aziz’s first order of business was to create a new mission for the company. After years of changing hands, management did not have any clear long-term goals to work towards. Aziz made sure that the company now focused on creating quality, long-lasting railcars, and he focused resources on engineering and design. He also created several capital projects at the company, and he eventually increased the production capacity of the business by nearly 300 percent. To work with this increased capacity, Greg Aziz hired nearly 2,000 additional workers. Refer to This Article for additional information.
Now National Steel Car has become one of the last railcar manufacturers in North America. It services nearly every major railroad and brings in revenues of over $200 million each year. Thanks to the rail car industry’s innovators like Gregory J. Aziz, businesses like NSC can continue to thrive.