Gregory Aziz Purchases Canadian National Steel Car

If it is a matter of excellence, then no other company in Canada can outdo the performance of the National Steel Car. This is a corporation that has been operating in the country for over one hundred years now. National Steel Car was formed in 1912 by Sir Morison and Basil Magor, two great investors at the time. Over the years it has managed to stay in the manufacturing industry without ever collapsing. It is an achievement for a corporation in the manufacturing sector to hold together for over a century. Many corporations in the sector get overtaken by events in term of technology or economic depressions that hit the industry once in a while.

 

The operations of the corporation have never been always smooth. After starting operations in 1912, the company took off at high speed, with clients from all over North America making orders for car boxes. Some of the clients included Canadian Northern Railways and the Canadian Pacific Railways. The operations of the corporation went on well on as the market at the time was favorable to such corporations. There was a huge demand for railroad freight cars as the railways’ sector was at the time growing rapidly as a means of transportation in the region.

 

One of the major setbacks for the corporation would come in the 1930s. The business was performing poorly, and the orders for the corporation had gone too low for it to remain functional. What the management of the company at the time did to avoid a collapse of the company was to revert to some other manufacturing activities such as bus bodies building. The company lacked diversification at the time, and now that the railroad freight cars were not selling, then it was faced with a monumental challenge. The breakthrough would come later in the 1940s when the Second World War triggered growth in the industry once again. See More Info Here.

 

Gregory James Aziz is the CEO and the chairman of the national steel car. He has held this position since 1994 when he purchased the company. Greg Aziz is an economist and such he is well versed in the matter of reviving businesses that have been through economic challenges.

 

When he took over the corporation, it did not take many years for him to realize the output he needed. National Steel Car started producing over 12000 thousand cars every year. It also got recognition through the TTX SECO award for best quality products.

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