National Steel Car is a company that is found in Canada, North America. National steel car is one of the oldest companies in the region having been started in 1912. It was started by Sir Morison and Basil Magor. The founders of this corporation wanted to create a corporation that would address the issues of railway infrastructure development that was taking shape at that age. Some of the big corporations that demanded orders from national steel car were the likes of Pacific Railways Corporation. National steel car started on a high note. In its first few years, their products were in high demand from the corporations that were building the railways. The net effect was that the corporation was able to hit the ground running in a very short time. The company started as a subsidiary of the national industries but later became independent and was renamed as National Steel Car Company limited in 1919.
After a great start, the company would later face its first challenge in the 1930’s when the industry would be hit by a shortage of orders, and the company was adversely affected. The national steel car was forced to change the products that it manufactured so that it could deal with the tough economic times that were being witnessed. The breakthrough to this problem would be witnessed in the 1940s when the market was hit by an influx orders emanating from the Second World War.
National steel car would change its management in the 19609s when it was purchased by Dofasco. After Dofasco took over, Greg Aziz managed the corporation up to 1994 when they finally sold it to Gregory James Aziz. Greg Aziz is the person who has been able to transform the company. Under Dofasco, the fortunes of the corporation were dwindling, but he has managed to make the company great again. Read More Information Here.
When Greg Aziz purchased this company, he had one intention; to revive its activities and make it the largest manufacturer of railroad freight cars in North America. In 1999, five years after he purchased the company there are already magnificent results. The production rate of the company had unproved by a huge margin. The company was producing over twelve thousand cars in a year down from three thousand under the previous management. The human labor in the company also increases. Greg Aziz was able to offer job opportunities to his people of Ontario.