National Steel Car is a reputable name in the rail car manufacturing industry. It is based in Hamilton, Ontario, Canada and is currently owned by Gregory James Aziz.
The National Steel Car was founded in 1912 by 5 popular entrepreneurs in Hamilton, Ontario. At the beginning of its life business was good for the National Steel Car. Large number of orders were constantly given and delivered on a timely manner. However, the depression in the 1930’s took a toll on the finances of the company, and due to the lack of orders and needed capital it was not able to keep up with its competitors who were able to come up with the diverse requirements of clients.
In 1960, Dofasco – a steel producing firm in Hamilton, Ontario bought National Steel Car but unable to keep it much longer due to the expenses involved it its maintenance, it sold the company to Gregory James Aziz in 1994.
Greg James Aziz is also a native of Ontario who was educated at the Ridley College and the Western Ontario University where he completed his studies. After his university life, he worked for their family business, Affiliated Foods. The primary business of their family enterprise is in the wholesale of fresh food staples that were imported from various countries in South America and Europe. The imports were then sold to major wholesale food retailers within the United States and in Eastern Canada.
After his employment with Affiliated Foods, Greg Aziz served with numerous banks in New York that specialized in financial services from the 80s until the 90s. In 1994 Dofasco sold National Steel Car to Greg Aziz.
On the first few years after procuring National Steel Car from Dofasco, the company was only able to produce 3,500 rail and freight cars per year and had a workforce of about 500. To keep the company going, James Aziz added more needed capital and hired more workers. With the persistence and hard work of everyone, National Steel Car began to pick its pace and was producing 12,000 cars yearly by 1999. Its number of employees also increased from 500 to approximately 2000.
With the growth of its production capacity, National Steel Car was able to maintain its workmanship quality, standard and timely delivery, thereby making a name for itself as one of the most prominent and reliable builder of rail transport cars not only in North America but around the globe. Go Here for additional information.