National Steel Car is a Canadian railcar manufacturer located in Hamilton, Ontario. It was founded in 1912 by several investors, chief among them Sir John Morison Gibson. Right off the bat it was a very successful company that did better than the founders ever expected. It became one of North America’s biggest railcar manufacturers but things went south during the Great Depression.
The advent of World War II revived National Steel Car and it’s been a fairly healthy company ever since that time. However, an investment banker named Gregory James Aziz thought he could do a lot of things with the company that its owner at the time, Dofasco, wasn’t doing. He bought the company in 1994. He is now the chairman of the board and chief executive officer of this firm and his leadership has led to its return to being among the largest railcar manufacturers in North America.
Gregory J Aziz grew up in Ontario and attended the University of Western Ontario. After earning his economics degree there he joined the company his family had established a number of years before. This was a wholesale food firm with clients in America and Canada. He spent more than 16 years working there before coming across an opportunity to move to New York and join and investment banking firm.
It was while he was living in New York that he learned about National Steel Car and what an opportunity it would be for him to own it. Gregory James Aziz transformed the company after he bought it and soon it was supplying many more North American companies with railcars. He boosted production by a factor of four and increased the company’s headcount six-fold. They offer a full range of railcars to their clients which includes among other companies Shell Canada, Nova Chemicals, Canadian Pacific Railways, and Dow Chemicals.
Gregory Aziz says that his manufacturing facility is based on 75 acres and has two million square feet of space to it. He now has five production lines at his plant and he has invested more than $350 million into new manufacturing technology as well as plant automation. He has said that at National Steel Car the goal is to honor the past traditions of his company while embarking confidently forward into the future. He also says that his firm is focused on providing quality railcars to their customers and being the leading company in the industry. Go Here for additional information.
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