National Steel Car has been in operation, for now, more than one hundred years. This is the biggest manufacturer of railroad freight cars in Canada and North America region. National Steel Car is a resilient company that has been able to stand the test of time by being one of the corporations in the world to be able to clock more than a hundred years in operations. National Steel Car was established in 1912, by Basil Magor and Sir Morison. It was then a subsidiary of the National Industries Inc. In the first few years of its operation, National Steel Car managed to be the best in the region in the manufacturing and engineering category of business.
It was taking orders from the biggest corporations in the country that included Pacific Railways. These are corporations that have enabled National Steel Car to reach the level that it is today. Were it not for their orders it would have collapsed in its early stages. The management of this company took the initiative to pump more money into the corporation to make it one of the best. For the first two decades, national steel car was able to grow at a very high speed. Its first challenge would come in the 1930s when the corporation was faced major lack of orders due to economic depressions. The company which had not diversified its operations was forced to look for alternative sources of business as it was impossible to get orders in the railroad freight cars sector. National Steel Car was forced to go back to manufacturing alternative products so that it could sustain its business. Learn More about Aziz and National Steel Car by clicking the link.
Business for the company would finally come through in 1940. During the World War 2, there was an increase in orders. The company would continue in the line of success for many more years. In 1962, it was purchased by Dofasco. Dofasco managed to run the company for about three decades. It was finally bought by one of the greatest Canadian entrepreneurs called Gregory James Aziz. Greg Aziz is an Economist who understands how to revamp a business that was almost collapsing.
Greg Aziz came up with measures that would improve the production capacity of the firm. After five years of his management, the production capacity of the firm had gone up, and the number of employees that were working for the company had also improved greatly. National Steel Car is today an engineering global leading company due to the changes that Greg Aziz has brought in the company.
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