National Steel Car has had a long and storied past. This manufacturer of rolling stock and freight cars located in Hamilton, Ontario, is now one of the best in quality in all of North America. The company has contracts with almost every major railroad, and its products can be seen rolling along tracks from California to Newfoundland. However, many people don’t know that this company almost went out of business in the early 1990s due to poor management and economic conditions. Luckily for National Steel Car, its savior, Gregory James Aziz, was right around the corner.
Gregory J. Aziz has made a name for himself in business by becoming a savvy investor and a strong businessman with the gift of intuition. Right out of from Ridley College and later after joining Western University. Aziz saved his family business, Affiliated Foods, and turned it from a local institution into an international conglomerate. Now, he was going to do the same thing with National Steel Car.
Right out of the gate, Greg Aziz knew that the prior management had essentially run the entire company into the ground. When times got tough, instead of flushing capital into the business and trying to beat out the competition in terms of quality, the prior owners decided to strip capital from the business and focus on a low-cost strategy. It was clear that these owners were not focused on the long-term of the company, but only wanted to regain their investments. Now, Aziz was going to undo this mistake. However, National Steel Car had already lost so many customers that things looked hopeless. All he could do was try. See This Page for additional information.
Greg Aziz put forth a new business strategy to focus on engineering and creating new designs for cars that increased their quality and safety. Over the past several years, new safety standards had come out from regulators, and many railroads now were willing to pay more to ensure they would not have to make another investment in a few years. Aziz made sure they knew that NSC was now focused on quality, and customers started to come back. To keep up with demand, Gregory James Aziz increased the production capacity from only about 3,600 cars per year to over 12,000 by flushing more cash into the business. He also hired over 2,000 additional workers to help with the additional demand.
National Steel Car got to where it is today through the business acumen and knowledge of Gregory J. Aziz. Without him, the entire industry would be different, and National Steel Car would be nothing but a memory.
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