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The Growth of National Steel Car and the Entry of Greg Aziz October 16, 2017

National Steel Car is among the remaining few rolling stock companies in the North American region. Many rolling stock companies have already stopped operations due to loss of business which led to their closure. Others have been overtaken by technology and no longer viable business ventures. However, with the development of modern means of transportation and construction of new modern railways systems, the work for some of the companies have been rendered obsolete. Even with the changes that have been occurring in the sector, National Steel Car has survived the test of time and is one of the most resilient companies that exist in the world today.

 

National Steel Car Corporation was established in 1912, then known to as Imperial Steel Car. However, this name did not last beyond the same year. It was changed to National Steel Car Company limited. National Steel Car was established at a time when the railway industry was booming with business. Most of the transportation was carried though railway systems. In the first year of its operations, National Steel Car had massive production orders from the Canadian Pacific Railways. They were given orders to construct car boxes. Inspired by the success that the corporation was registering the owners of the corporation pumped more money into the investment and the National Steel Car became one of the biggest rolling Stock companies in Canada.

 

National Steel Car has now been in operations for over a hundred years. It has never closed down shop at any point in time. The good progress achieved by the corporation can be attributed to the management of the company all, though. The company have been a force to reckon with in the industry and has hardly conceded to harsh economic times. See This Article for more information.

 

1n 1962, the company was purchased by Dofasco who later sold it to the current chairman and CEO, Gregory James Aziz in 1994. Greg Aziz saw potential in the company which was at the time not doing very well and decided to transform it. Although many of the rolling stock companies that operated in Canada had died, National Steel Car continues to make good progress under the management of Gregory J Aziz. After taking over in 1994, he pumped money into the company so that he could revive its operations. He also embarked on changing the products that the company was producing. There was a need for the company to produce products that were relevant to the modern market. The railway industry has transformed greatly, and no company can afford to stick with the old line of doing business.