National Steel Car was founded in 1912 by many venture capitalists and leading them was Sir John Morison Gibson. The new plant located in Hamilton, Ontario, overseen by the general manager of National Steel Car Company Limited, Basil Magor. Expectations completely exceeded all of the investors.
The timing was perfect, and National Steel made business relationships with Canadian Pacific Railway and Canadian Northern Railway. Donald Symington and Robert Magor bought the company and renamed it National Steel Car Corporation Limited. Business only grew until the 1930’s when the Great Depression hit. National Steel Car fell behind similar companies. To stay afloat, the company started manufacturing motor boats, trucks and the bodies of buses. During World War II, the company rebound. They export to the United States and even more so later in the companies’ lifespan.
Dofasco bought National Steel Car in 1962, but in 1990, they gave up the majority of control since the company was deteriorating. Greg Aziz owns National Industries Inc., and in 1994 he bought what remained of National Steel Car. In less than a decade, Greg Aziz moved the company forward bringing in an extra 2,500 jobs and pumped production by thousands every year. Currently, National Steel Car creates locomotives and different types of cars for railroads in Canada and the United States.
As for the man who managed not only to save National Steel but raise it from the ashes, Gregory James Aziz is the CEO and the president of National Steel Car. They are one of the frontrunners in railroad manufacturing and industrial trade. Aziz was born in 1949 in London, Ontario and went to the University of Western Ontario majoring in economics.
James Aziz had several opportunities to work in New York during the late 1980’s in investment banking. In the early 1990’s, he united the bid to get National Steel from Dofasco, so he could make National Steel into the leading producer of railroad cars in North America. The entire company grew, including employees and all of the assembly lines.
Annually, National Steel is the proud winner of technological innovation simultaneously fabricating thousands upon thousands of new railroad equipment. All due in part to the tireless efforts of superiority in commerce and production. National Steel Car continues to keep the accolade of the only railroad production company in North America that holds certified ISO 9001:2008 which it is quality certified. National Steel has held the honor for nearly two decades. Go To This Page for additional information.
Additional Reference: https://medium.com/@gregoryaziz