How Gregory Aziz Revitalized National Steel Car

Greg James Aziz is a business executive that was born in London, Ontario. His parents sent him to Ridley College for his education with is a private boarding and day school located in the St. Catharines neighborhood of Ontario. He went on to earn his university education at the University of Western Ontario and he earned a degree in economics.

When Gregory James Aziz graduated in 1971 he joined his family’s company. This was a wholesale food business based in Ontario. Over the 16 years he spent at this firm it grew into a company that imported food from many countries around the world. The food was then sold to wholesale markets across Eastern Canada and the entirety of America.

Eventually, Greg Aziz decided to move on from the family business and instead become a New York City investment banker. While researching companies in the railroad industry he came across a Canadian railcar manufacturer called National Steel Car. He could see the company had a rich history but the current owner of the firm, Dofasco, wasn’t doing a very good job of managing the company. He decided to offer to buy National Steel Car and they accepted it. He had the goal of turning this company around and establishing it as a major player in the industry.

Five years after he bought National Steel Car James Aziz had accomplished his vision. His company went from shipping out around 3,500 railcars a year to being able to push out 12,000. He also went on a hiring spree during this time. When he started National Steel Car only employed about 600 people in Hamilton, Ontario. He pushed this up to 3,000 skilled workers including office personnel, railcar designers, and people in the manufacturing facility. Click Here for more information.

 

Due to the work of Greg Aziz, National Steel Car is now one of the biggest railcar suppliers in North America. One of his biggest contracts recently was one that he signed with Canpotex. His company was chosen to supply 700 railcars that will be used by Canpotex to deliver potash shipments from the province of Saskatchewan to cities with coastal ports. He has said that since 1999 Canpotex has signed contracts with National Steel Car that have been worth more than $500 million in total and has resulted in 7,000 railcars being manufactured.

 

Visit: https://ca.linkedin.com/in/gregaziz

Leave a Reply