From Unprofitable To Industry Leader; How Gregory Aziz Saved National Steel Car

National Steel Car is a Canadian-based freight car manufacturer. It has been in operation since 1912, and it has went through a variety of different phases through-out its existence. The first major change to the company came in July 1912, only a month after the company was created. This change was a rebranding; originally called Imperial Car Company, the name was changed to National Steel Car.

 

Gregory James Aziz purchased National Steel Car in 1994. At this time, National Steel Car was going through a rough time. The entire industry was suffering, and National Steel Car was no different. Thanks to Aziz, and the financial backing he brought with him, National Steel Car was able to survive this time period, and now, it is one of the largest suppliers of freight cars in all of North America.

 

Before purchasing National Steel Car, Greg Aziz worked in New York as an investment broker. After years in New York, Aziz moved back to his home province of Ontario, Canada and purchased National Steel Car. Prior to working in New York, Aziz was a member of his family’s business, Affiliated Foods. Affiliated Foods is an importer of fresh foods. They sell their food to wholesalers all over the United States and parts of Canada. Refer to This Article for more information.

 

A lot of activities in the local Hamilton, Ontario area are made possible through donations by Greg Aziz. The Hamilton Opera, Theater Aquarius, and an annual Winter agricultural festival are all made possible by Gregory Aziz. The Royal Agricultural Winter Fair, the annual event made possible by Aziz, is one of Canada’s largest agricultural festivals in existence. Gregory Aziz also donates money to the United Way and the Salvation Army.

 

As for the success of National Steel Car, the company attributes its success to its workers. During National Steel Car’s growth period, production not only went up by four-fold, but the amount of employees at National Steel Car increased as well. The people at National Steel Car are involved in giving as well. The employees of National Steel Car participate in a yearly Christmas food drive, providing much needed food to those who are less fortunate.

Related Article: https://www.crunchbase.com/person/gregory-aziz

 

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