How Gregory J Aziz Restored The Lost Glory For The National Steel Car Company

Greg J Aziz is one of the most influential businessmen in North America. He currently serves as the chairman and the CEO of the leading railcar manufacturers in North America. National Steel Car is among the world-leading railroad freight car engineering and manufacturing companies. It was established more than hundred years ago, and through constant innovation and superb customer care, National Steel Car has managed to maintain the lead for more than a century. But as you will soon learn, it hasn’t been a walk in the park for the Canadian-based manufacturer of railroad freight cars. The journey has been marked with many up-and-downs, but they have managed to triumph over their competitors for years.

 

Education and early life

Greg Aziz was born in London, Ontario, where he spent much of his childhood. He attended Ridley College and later enrolled at the University of Western Ontario where he studied economics. Immediately after graduating from the University, Greg James Aziz started working at the family food business in 1971. Greg worked his way up at the Affiliated Foods to become among the key decision makers. His views on the business were highly regarded and he was soon left to take off the entire family business.

 

Within sixteen years, Greg Aziz managed to transform Affiliated Foods to become the largest importer of fresh foods from Europe, South, and Central America. They were distributing fresh foods to all the major markets in the U.S and Eastern Canada. He then left the family business and went to the U.S to pursue his dream of building his empire. He worked in several financial institutions throughout the 1980s and early 1990s before spotting a lucrative business opportunity.

 

Purchasing National Steel Car

In 1994, Dofasco, the company that was running National Steel Car was looking for an investor to purchase the ailing company. Greg Aziz arranged for the purchase of National Steel Car from Dofasco and immediately started reorganizing the company to bring it back to profitability. He focused on the company’s abilities in engineering and teambuilding to restore its lost glory.

Greg mobilized an enormous amount of human and capital investment. With the new changes, National Steel increased its production from 3,500 railroad freight cars per year to more 12,000 by the end of 1999. The number of employees in the company had also grown to 3,000 from 600. Currently, National Steel Car is the leading company in new railroad freight cars innovations where it builds thousands of cars each year.

 

Read This Article to learn more.

Leave a Reply

Your email address will not be published. Required fields are marked *