National Steel Car is one of the oldest corporations in Canada. It is among the remaining corporations that have survived for over a century and continues to be fully operational just like modern day corporations. In the category of rolling stock companies in Canada, it is the only big corporation that still exists. Most of the competitors in the industry died as a result of hard economic times and a shortage of orders from the railway’s industry. Other companies have fallen victims of their decisions by failing to adapt to changing times. Technology has adversely affected the engineering and manufacturing industry, and not many old companies have successfully transitioned with it.
National Steel Car is located in Hamilton, Canada. It is still one of the resilient companies in the country; have withstood the test time successfully. Established in 1912, National Steel Car have been manufacturing railroad freight cars and other related products. The company has been able to move with the times, and since the day it started its operations, it has never closed operations although its management has switched hands a couple of time. Initially started by Sir John Morison Gibson, and Bail Magor, the corporation is today owned by Gregory J Aziz. At some point between the 1960s and 1990s, it was owned by Dofasco.
National Steel Car Corporation has faced threatening challenges twice. After starting off with a boom in 1912, the corporation suffered its first huge setback in the 1930s. The company suffered a major shortage of orders. Since it was dealing with just one line of production, it found itself entangled in some challenging environment that needed quick measures to resolve. What the company did was to resort back to the production of bus bodies and motor trucks as a way of maintaining its operations. It later got its operations back to normal in the 1940’s with the advent of the Second World War. See More Information Here.
Greg James Aziz is the man behind the recent resurgence of the National Steel Car in the engineering and manufacturing industry. James Aziz bought the company from Dofasco in 1994 after the former owner was unable to sustain its operations. As an economist and investment advisor, Greg made the decisive decision of purchasing the company and transforming it.
In just a few years, Greg Aziz had restored the lost glory of the corporation in the region. The corporation now produces over twelve thousand cars all the way down from three thousand five hundred when he took over.
Read More: https://www.steelcar.com/Greg-Aziz-welcome