As one of the leaders in rail transport production, National Steel Car has a rich history of ownership. National Steel Car was founded by five prominent businessmen in 1912 with Sir Johnson Morrison Gibson in the mix. National Steel Car’s first few business years exceeded the anticipations of its stakeholders, and because of good timing and the right opportunity it was able to secure large quantities of box car orders given by the Canadian Pacific Railway. In 1919 Robert Magor owner of Magor Car Corporation and Baltimore’s Donald Symington offered to purchase the company. After the transaction was completed the company became National Steel Car Corporation Limited.
In its earlier heyday, business could not have been better for National Steel Car before the economy’s depression occurred during the 1930s. At that time, the company was already having issues in dealing with the diverse requirements it needs to be competitive and simultaneously deteriorated from the absence of orders. There was a time when the company even had to accept orders to manufacture motor boat outboards, motor trucks, and bus bodies just to keep operations going.
Dofasco bought National Steel Car in 1962 and eventually sold it to Hamilton Corporation National Industries Inc’s owner Gregory James Aziz. Gregory James Aziz is from London, Ontario and he is an alumnus of Ridgely College and the University of Western Ontario.
After he graduated from college, Greg James Aziz found his first employment with their family business – Affiliated Foods. The family venture is in the buy and sell of wholesale food from countries located in the South Americas and in Europe. After procuring the goods in bulk, it sells them to wholesale food stores in Eastern Canada and across the United States.
When his employment with Affiliated Foods ended, Gregory James Aziz served with several financial banks in New York from 1980 to 1990. In 1994 he found a way to procure National Steel Car from Dofasco and proceeded to build its ailing finances and workforce. In the four years after Greg Aziz bought National Steel Car, the company was only able to finish 3,500 cars per annum. But when 1999 came the company was now producing 12,000 cars yearly and there was also a substantial increase in the number of its employees, which rose from 600 to 3,000 as of the cited year. Click Here to learn more.
As National Steel Car continues to excel in the industry, it likewise focuses on doing business with other untapped areas and regions across the globe.
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