How Gregory Aziz, Flipped The Fortunes Of National Steel Car

For decades now, Gregory James Aziz has served as the CEO of National Steel Car and steered the company to a global leader in railroad freight car manufacturing. National Steel Car has been committed to the highest standards of engineering and manufacturing for more than a hundred years now and has earned its place as first North America’s major player in the industry. Greg Aziz bought the company back in 1994 when he was still an investment banker in the city of New York. At the time, the company was owned by Dofasco, a Canadian company and was on the verge of collapsing.


Aziz believed he could swing the fortunes of the slain giant and turn it back to winning patterns. This is a mission he has been able to accomplish because, at the helms of power as the President of National Steel Car, the company made a turnaround. Under the leadership of James Aziz, the company doubled its production by more than nine thousand units and also increased its staff to three thousand up from only six hundred employees. James oversaw a massive reallocation and injection of resources in the company ensuring that human and capital investment were given first priority.


Before he was involved in National Steel Car, James Aziz, was working with Affiliated Foods; a family business that was involved in the food business. His business acumen enabled him to grow the company to international standards tapping more markets in South America, Europe, and Eastern Canada.


Greg was always ambitious from the start since he graduated in 1949 from the University of Western Ontario. His displayed exemplary leadership at Affiliated Foods and would later move on to Investment Banking. It is during his time working as an investment banker in New York that he would spot an investment opportunity in the railroad freight vehicle manufacturing industry, and this got him to the acquisition of National Steel Car.


It is evident that Greg James Aziz has played a major role in the railway industry both as an investor and also as the CEO of National Steel Car. It is because of his relentless efforts to achieve excellence in manufacturing and engineering that has seen his company receive global accolades. National Steel Car has been the recipient of the TTX SECO award for the last twelve years for their consistency in maintaining highest standards in the industry.

More about Gregory Aziz


Greg is married to Irene, and the couple is blessed with two daughters called Karina and Natalie. He schooled at Ridley College and later majored in Economics at the University of Western Ontario. Greg and Irene are the main sponsors of the Royal Agricultural Winter Fair, which is the biggest agriculture exhibition in Canada.   Get More Information Here.