National Steel Car: How They Became a Leader in the Rolling Stock Manufacturing Industry

The National Steel Car is a Canadian company specializing in the production of rolling stocks. They have been around for more than one hundred years, but they keep on innovating and managed to survive up until the 21st century. Throughout the years that they were operating, the National Steel Car experienced different challenges along the way, but they faced every challenge with courage and managed to overcome it. Today, the National Steel Car is considered to be one of the largest rolling stock manufacturers in Canada, and they are also recognized as one of the leaders in the industry. Their products are being shipped all throughout the country, and it is also being exported as far as the United States. According to their present chairman and CEO, Gregory James Aziz, the National Steel Car will experience more growth as they are currently going through extensive innovation and development. He is optimistic that the company will be one of the leaders not just in North America, but in the whole world. Get More Information Here.

 

Established in 1912, the National Steel Car experienced their Golden Age when they were still new to the market. Orders would come in each day, and they have to finish many rolling stocks to supply the growing demand. However, everything changed in the 1930s when the Great Depression hit, and the company was pushed to the brink of bankruptcy. The National Steel Car managed to get back on track when the Second World War took place, as they were commissioned by the government to produce arms and vehicles that will be used for the war. They managed to grow steadily after the war, even purchasing smaller firms like the Valdes Lumber Company to support the raw materials that they need in producing rolling stocks.

 

The company was soon purchased by Dominion Foundries and Steel, or Dofasco for short, but soon became unmanageable as the locomotive industry faced a crisis during the 1990s. Gregory J Aziz, seeing the potential of the National Steel Car to revert to its former glory, decided to purchase the company in 1994 and served as the chairman and CEO ever since. The decision of Greg James Aziz to buy the company paid off, when it got back on track and become one of the most competitive Canadian companies ever. They managed to hire more employees in the present, and their annual rolling stock production rose to 12,500 per year.

More On: https://about.me/greg.aziz

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