National Steel Car: Producing Rolling Stocks For The North American Market

An extensive network of railroads traverses Canada from the east to the west. It connects all of the provinces and territories, along with their capitals, as well as the largest cities in the country. These railways are providing an efficient transportation to the locals, and it offers a faster alternative when traveling around the country. These routes are also important for Canada’s economy, as these railways are being used for trading, and they deliver products on time. The growth of the locomotive industry in Canada began with the establishment of rolling stock manufacturers, like the National Steel Car. They produced rolling stocks to be supplied to train companies, which in turn are providing the transport needs of the people, as well as the transportation needs of goods and services.

 

Established in 1912 as a small company by wealthy investors, the National Steel Car experienced immediate growth as they began manufacturing rolling stocks. Investments poured in, and the company started to sign a lot of contracts and deals with several businesses. The government of Canada also contracted the National Steel Car to produce rolling stocks to be used along the Trans-Canadian Railways. The National Steel Car was recognized as one of the fastest growing companies in Canada, and orders are flooding in their portfolio. The years before the 1930s were considered to be the company’s golden years, and they always thought that it will always be like that.

 

However, when the world experienced an economic meltdown in the 1930s, the National Steel Company was not spared. They were on the brink of bankruptcy, and they had to resort into manufacturing other things aside from rolling stocks. They recovered when the Second World War broke out, as they were contracted by the government to manufacture vehicles and arms that will be used for the war. See This Article for additional info.

After the war, the company had a steady growth, and they were purchased by Dofasco in 1962. Dofasco is a Canadian steel manufacturing company, but they had troubles operating the National Steel Car, and the company faced another crisis. Gregory J Aziz, a Canadian businessman, decided to step in and purchased the National Steel Car. Greg Aziz did his best to help the company grow, and through his efforts, the National Steel Car slowly recovered.

Today, Gregory J Aziz still serves as the company’s chairman and chief executive officer. He is responsible for the continuous growth of the company and its present expansion. The National Steel Car employs more than 3,000 employees presently, and they can build 12,500 rolling stocks annually. They have also started focusing on working with foreign markets, beginning with the United States.

 

Check out his profile on: https://ca.linkedin.com/in/gregaziz