Gregory Aziz and the Comeback of National Steel Car

Gregory James Aziz, a Canadian businessman, amassed a significant reputation after acquiring the rolling stock manufacturing company National Steel Car and revived it in only five years. The company were beaten down and would have probably closed down for good if Gregory James Aziz had not come to its aid.

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National Steel Car is one of the oldest companies in its line of work. In was founded about 105 years ago by a small group of investors who had the excellent intuition about the rolling stock market which was a new rising business at the time of the company’s inception. The corporation entered the market a year before its peak.

 

From the start, National Steel car was achieving success. Investors flocked to put their money into the prosperity of the business that was taking the market by storm and assuming the first place in its line of work. That did not last long, however, as the Great Depression started coming in and wiping out business after business. The lucky companies that survived the Depression were those that had previously been on top of were flexible enough to mold to the times.

 

National Steel Car was bad at molding at first and lost its leading place in the market. It also had to downsize severely. After some time, the company started taking orders for any manufacturing including engines and metal frames. The company survived through the Great Depression and when the Second World War broke out National Steel Car was able to go back to its original line of work. The clients started rolling in, and the company was thriving. Visit This Page for more information.

 

 

After the war passed the business slowed down significantly again. The industry was taken over by new companies that were better at keeping up with the times and were able to stay flexible and innovate. National Steel Car was acquired by Dofasco, but the new owner never managed to work extensively on National Steel car as much as it needed.

 

 

Gregory J Aziz took over the business assuming full leadership as CEO, Chairman, and President. Aziz started expanding the company and hiring thousands of people. The manufacturing capacity jumped significantly from 3500 a year to 12 000 units. The expansion took five years and was impressive given the circumstances

 

 

Gregory James Aziz has been the owner of National Steel Car for 26 years. The corporation is hugely modernized and a lot larger. It is also international, accepting clients from the US.

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