Having been born in 1949 in Ontario, Canada, Gregory James Aziz is a native. Before his life at National Steel Car, which he has guided to the next level, the down to earth business leader first worked with the family business, Affiliated Foods. After earning a degree in Economics from the University of Western Ontario, he went to work at his father’s food distribution company. For sixteen years, he brought changes into the business. First, he got suppliers from Europe and South America; then he introduced exotic foods to the groups’ portfolio. It was while working here that his family realized that he was a businessman to be reckoned with.
New York was his next stop, where he dabbled in investment banking and for ten years, he found ways to invest both his clients’ and his portfolios. In 1994, Gregory J Aziz went all out and bought National Steel Car, a rolling stock and railroad car manufacturer based in Hamilton, Ontario, his home. At the time, the company was experiencing a crisis, and it had changed hands so many times that it had stagnated. The railcar business, in general, was also facing a bleak time. Not only was the company suffering losses, but it was also fighting off legal actions, and fines from regulatory bodies that had it on its knees. Refer to This Article to learn more.
Gregory J. Aziz had to find a way to turn the fortunes of the company around. He first changed the earlier culture of putting the focus on low-cost production, which was the main cause of the lawsuits and fines. He directed funds into National Steel Car and made massive investments in capital projects and this raised the production capacity. This translated into two thousand new jobs with the focus shifting to engineering, safety standards were raised, and the balance with cost-effectiveness was achieved.
Having turned around the failing corporation, it was now time to start working on new orders, thanks to the efforts of Gregory J Aziz, National Steel Car recently received an order of 350 new lumber cars from CN Rail. The new seventy-foot plus cars are to be manufactured locally in Hamilton with deliveries expected to begin as early as September and close by the end of the year. There were hints that there might be a possibility of acquisition or leasing of more cars with load capacities in excess of 100 tones. The vehicles are being sought to help meet a demand for forest products that have been growing across North America.
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