National Steel Car: Changing the Canadian Rail Roads

The National Steel Car is the largest manufacturer of rolling stocks in Canada. The 105-year-old company has a rich history, from their humble beginnings to their continuous rise in the modern world. Gregory James Aziz is the current chairman and chief executive officer of the company, and he contributed a lot for the National Steel Car to bounce back from several downfalls that the company experienced throughout the company’s lifetime.

 

In June 1912, six prominent citizens of the city of Hamilton, Ontario and its lieutenant governor, Sir John Gibson, founded the Imperial Car Company. This company would change its name as the National Steel Car just a month later, and soon after the name has been modified, the construction of the factory commences. The plant was completed in just three months, and the production of rolling stocks began. The company initially created the first freight cars made of wood and steel, and they were introduced to the public shortly after. Investors have seen the potential of the company after they saw the National Steel Car’s products, and they invested their wealth knowing that the firm will go places. Two years after their establishment, more than 1,500 people are working for the National Steel Car, and as the First World War began, the company decided to join the war effort and had their employees enlist to become soldiers for the war. After the First World War, the National Steel Car began manufacturing motor trucks and steel chassis for different types of vehicles. They would have to divert their production because of the threat of the Great Depression, and the National Steel Car has seen a fair chance of survival if they will manufacture other types of products. Find More Info Here.

 

In 1939, the National Steel Car started producing reconnaissance airplanes, just in time for the Second World War. They also began producing guns, shells, army trucks, and other things used for combat. The Second World War has revitalized the revenue of the National Steel Car, and they started to bounce back from the losses they had during the Great Depression.

 

The National Steel Car would then be acquired by Dominion Foundries and Steel, also known as Dofasco, which is a Canadian steel manufacturing company. Due to the uncertainties in the industry during the early 1990s, Dofasco decided to sell the company, and Greg Aziz happily purchased them. Gregory J Aziz helped the company to recover, and he transformed the struggling company into one of the most stable businesses in North America.

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