National Steel Car, The Backbone Of Canadian Railway Industry

National Steel Car is considered as the largest and very famous rolling stock manufacturer located in Canada. Gregory James Aziz is the present chairman and chief executive officer of this company. He is also known by the name Greg Aziz. He has transformed the company into a really successful and progressive enterprise. In the past, the company suffered a huge loss and transforming this company was a huge challenge for Greg. It specifically revolutionized the Canadian railways in the 1900s. At that time, the Canadian train network was built from coast to coast.

 

 

During the rise of twentieth century, the Canadian government planned to create a strong network of railways that is able to connect all the cities, territories and provinces of Canada. In the year 1912, the National Steel Car was established and rolling stocks also known as train cars were the first products manufactured by them for the Canadian government since they wanted to expand their railway system. Right from the beginning, the investors envisioned a bright future for this company. A lot of investors started investing in this company. A lot of rolling stocks orders were taken by the company and they sold out fast. It signed a contract with the government of Canada that led the company to take up large number of orders. Seeing the success of its business, many business partners showed interest in it and that is why they signed many deals with the company. Canadian Pacific Railway and Canadian Northern Railway are among these companies. National Steel Car signed a contract with two big transport companies to manufacture additional rolling stones that will be used for public transport. The revenue of this company increased drastically during the start of this company as the economy in the rail transport industry boosted suddenly. But, the company faced a huge financial loss in the 1930s because of the Great Depression. The Great Depression hit Canada as well apart from other developed countries and the economy of the country was badly impacted. To survive in such crucial condition, National Steel Car decided to start manufacturing other products beside rolling stones. A wide array of products was manufactured by the company at the time of financial pressure in order to survive among other businesses. More information Here.

 

During the Second World War, the company started manufacturing war machines and war vehicles. In this way, it revived itself and get into the world of great businesses.

 

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