How Gregory James Aziz Turned National Steel Car Around

One cannot talk about National Steel Car without talking about Gregory James Aziz. This is because as acting CEO and President of National Steel Car, Gregory James Aziz is responsible for bringing the aging company back to life. Currently National Steel Car is ranked as the number one provider of rolling stock for North America. This is due to its long-standing presence as a rolling stock manufacturer, but also because of the excellent business sense Gregory Aziz demonstrates time and time again.

 

This is not the first company Gregory James Aziz has grown into a successful enterprise. This is also not the first time National Steel Car has risen to greatness. In many ways Aziz simply brought NSC back to its rightful place.

 

National Steel Car was created over 100-years-ago in the faraway land of 1912. North America was a different place back then but had one thing in common with today: railroads. Railroads were much more popular back then and had competition whatsoever. NSC came to be right in the period of great railway expansion for North America.

 

It benefited quite nicely from the timing and quickly became a success. Over the years it would establish itself as a top-level manufacturer and would outlive other suppliers. In the early to mid-90’s NSC began to flounder. It’s workforce dropped below 500 and yearly production decreased to 3,500. Still a success the centennial company had lost its sheen. It was in ’94 while NSC was still owned by Dofasco that Aziz swooped in and purchased the historical company. See Related Link for more information.

 

Gregory James Aziz was already a successful businessman when he purchased NSC. He began his career at home, taking over Affiliated Foods from his parents. Affiliated Foods was a wholesale food seller. Aziz increased the business’s profits by a wide margin, and eventually expanded the company globally. After his success with Affiliated Foods he moved to New York and worked in the finance industry.

 

Here he made a lot of money working with some big banks. Greg Aziz emerged in the early 90’s as the owner of National Industries Inc. This was the banner under which he purchased NSC. Once acquired Greg Aziz did not just sit back and let someone else manage his purchase. Instead, he became the CEO and President and immediately pushed to put National Steel Car back on the map. By 1999 production had risen to 12,500 and workforce had more than doubled to 3,000.

 

Related: https://medium.com/@gregoryaziz

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