How Greg Aziz Restored National Steel Car To Prominence In The Railcar Industry

National Steel Car, Limited is a Canadian company that was founded over 100 years ago. It builds railcars for a variety of uses and is one of the leading suppliers of these in North America. From 1962 to 1994 it was owned by another firm, Dofasco. For years they had let National Steel Car languish and fall behind its competitors. In 1994 it only employed 500 people, for instance, and could only churn out around 3,500 railcars a year.

 

At the time Gregory James Aziz worked as an investment banker in New York City and owned his own company, National Industries, Inc. He saw a lot of unfulfilled potential in National Steel Car and ended up buying the company. He moved to Hamilton, Ontario, where National Steel Car is based. He immediately set about heavily investing funds into the company and reaching out to potential customers. The result was that six years later he employed 3,000 people in the Hamilton area who could design and produce about 12,500 railcars each year. Greg Aziz was very successful at returning this company to its former greatness.

 

After graduating from Western University with an undergraduate degree in economics, Greg James Aziz joined Affiliated Foods, a business his family owned. He stayed with this company for a number of years before deciding that he would rather own and operate his own firm. He is now the chairman of the board of National Industries, Inc. and its chief executive officer. At National Steel Car he is the CEO and chairman as well. Get Additional Information Here.

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As one of Hamilton’s major employers, Greg J Aziz employs engineers, those who manufacture the railcars, sales and marketing teams, and other occupations as well. When he revived National Steel Car he didn’t just rebuild the company, he also benefited the broader Hamilton community and economy. His company has become one of the success stories in the region.

Through National Steel Car, Greg Aziz has given back to others, particularly those in Hamilton. Each year he holds one of the biggest food drives in the city in which everything collected is given to area food banks. He also supports the culture of Hamilton by being a sponsor for such institutions as the Theater Aquarius as well as the Hamilton Opera. Another cultural event he sponsors is the annual agricultural fair called the Royal Agricultural Winter Fair. This is held each year in early November in Toronto, Ontario.

 

Source: https://www.bloomberg.com/research/stocks/private/person.asp?personId=39124620&privcapId=35787198