Gregory James Aziz had a plan when he acquired National Steel Car in 1994. He wanted to restore the 100-year-old rolling stock manufacturer to its former glory. A successful businessman in his own right, Aziz already had a track record for excellence. His first business venture out of the gate had been his parent’s wholesale food company, Affiliated Foods.
Greg Aziz expanded the business to a global importer and increased its profits by margins never gained by the company before. He did this by appreciated the workforce beneath them and valuing them. That value in turn wrought value in the company. He left the business in the 80’s to swim in the financial pool. He operated in the banking world of New York for a while eventually forming National Industries Inc. In ’94 he purchased National Steel Car through National Industries Inc. See This Page to learn more about Greg.
National Steel Car was created in 1912. It enjoyed much profit during its inception due to magnificent timing. North America was going through the massive expansion of it railway systems. In the following years train travel was the way to go and so National Steel Car continued to turn profit. It was still a profitable business in the early 90’s but production had reduced to 3,500 units per year with a staff of under 500. James Aziz intended to fix that in much the same way he fixed his parents’ business. Upon acquiring the company, he automatically hired more staff and boosted production.
Gregory J Aziz knew the increase would be successful because he would treat his workforce the same way as before. He would value them and create a nurturing work environment. By valuing them he would breed passion, loyalty, and hard work. A valued workforce values the work that they do. It also lessens employee turnaround, so staff stays loyal, and seasoned veterans are created. Aziz increased the staff to 3,000. By 1999 output increased to 12,500 units per year. The change brought success to National Steel Car, launching it to the top slot of North America. It still holds that position.
Greg remains focused on the company and works hard to breed success. In May of this year National Steel Car closed a deal with CN Rail for 350 boxcars to aid in the growing lumber business they served. It also landed a multi-million-dollar deal with CP Rail over its new high capacity grain cars the company recently innovated.
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