National Steel Car has had a long and prosperous history in the Canadian railcar industry. However, it has only been over the past two decades that the Company has really hit its stride and made itself a major player not only in Canada, but throughout North America. Almost all of this success can be owed to the focus and prowess of its CEO and Chairman of the Board, Gregory James Aziz.
Greg Aziz purchased National Steel Car in 1994 with the funds he made as an investment banker in New York for the prior two decades. Aziz was not unfamiliar with making important business decisions. Before buying NSC, Aziz was an executive at his family-owned business, Affiliated Foods. During his 16 years at Affiliated Foods, Aziz was able to grow the import and sales sides of the business internationally. He grew the staff and made Affiliated Foods a player throughout North America. When he left, the Company even had some sales to Europe. Gregory Aziz transferred his business prowess from Affiliated Foods over the National Steel Car without any issues.
When he purchased National Steel Car from its then owner Dofasco, there was a lot of work that had to be done before it would become the powerhouse it is today. The Company had gone through several acquisitions and name changes since its founding in 1912. There were several different and competing goals that his employees and management were trying to meet, and with leadership transitions running rampant, it was difficult to focus the Company on a single, unified strategy. Aziz changed all of this.
In the first year that he took his post as CEO of the Company, Gregory J. Aziz made it clear that the focus would be growth and innovation. He knew that NSC had always been lucky with its engineering expertise, and with new regulations and safety laws being passed every year in the railroad industry, National Steel Car was the company to produce things correctly. Gregory James Aziz also created an influx of cash into the business to spend on capital improvements and expansion. In just a few years, NSC had grown from only 600 employees to over 3,000. Production capacity also increased due to capital expenditure by over 300 percent. Now National Steel Car was ready to take on the world. Get Additional Information Here.
Today, NSC boasts revenues of over $200 million, and it remains one of the only successful manufacturers of rolling stock in North America. The Company also continues to win awards for quality. Greg J. Aziz will continue to make this Company the best-in-class in the railroad industry.