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National Steel Car: A Tale of Success from Gregory Aziz

National Steel Car was once one of the most successful companies on the entire North American continent. It was a company that had a lot of business when the rail industry was doing well. National Steel Car was established in 1912 under the name Imperial Steel Car. Because the industry had some issues because of the air industry and even the land transportation industry, companies that were secondary to the industry were not able to be as successful either. The issues that came from this had a negative impact on National Steel Car and the business that Gregory James Aziz would eventually have to deal with.

 

When Gregory J Aziz first started trying to make National Steel Car better, he was doing everything he could to make the company relevant again. In fact, Gregory J Aziz went to great lengths to show people they could benefit from having professional steel cars for their own business. He wanted to operate a B2B company and National Steel Car was the perfect way to do it. Gregory Aziz felt by pushing forward and helping National Steel Car grow, Aziz could do more with his own business instead of having to deal with the issues that came from running a failing business.

 

Before working with National Steel Car and growing it with new strengths, Gregory Aziz was doing everything he could to help other businesses come together. In fact, he was using all the time he had on building other businesses. Gregory Aziz didn’t feel it was fair to keep doing this because he had a lot of experience and was a true professional in the business. Greg Aziz wanted his talents to go toward something he was a part of and something that would benefit him in the long run so he chose to start his own company. It gave Aziz the opportunity to make his own way in the world of business.

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After working for banks for years, Gregory Aziz knew what he would need to do to make National Steel Car a success. Part of what he had to do was show others what they could get from the company. He also had to make sure the money situation was figured out for National Steel Car. The previous owner started the company, but he didn’t run the business the right way in the financial department. Greg J Aziz felt he was the perfect man for the job and continues to make National Steel Car a successful company.

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Gregory Aziz Sees Bright Future Ahead For National Steel Car

National Steel Car has certainly proven itself as a company with its long history and quality services. With more than 100 years of service, National Steel Car has made itself part of the backbone of Canada. It comes as no surprise that many times are expected of Greg Aziz in his role as CEO of National Steel Car. Fortunately, he appears up to the task and he’s not alone given the acclaim he’s gathered from many sources. People like what he’s doing at the company and they want him to continue his path towards making National Steel Car even greater.

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The History Of National Steel Car

 

Canada’s freight car industry goes back to the 19th century, but it took off when the National Steel Car company decided it wanted to build the infrastructure of Canada. This is where the company sealed its position as one of the most important companies in the history of Canada. Today, it maintains that legacy by helping the logistics industry achieve its goals and by giving Canada what it needs to continue to thrive and reach new heights of commerce.

 

His Role Today

 

Greg James Aziz is now the CEO of National Steel Car after purchasing it from its then owner, Dofasco, and plays an important role in helping the company move forward. He wants people to better understand why this company has been able to stay in business for as long as it has, and he wants to best for Canada. That level of commitment makes him the ideal person to run this corporation and to bring it into the next stage of progress. Aziz has shown he absolutely dedicates himself to anything he plans to do, and this is just one way he is proving his ability to lead.

 

Greg Aziz also loves to give back to the community. Greg Aziz and his wife are sponsors of the Royal Agricultural Winter Fair.

 

 

Where He Wants To Take Things

 

James Aziz is going to continue to lead the company as CEO, but he wants to make sure that his legacy outlasts his career. He’s planning on doing everything he can to help the company keep its spot at the top of the game and to bring it to higher heights. Aziz had plenty of success before he decided to enter this business and he’s going to have plenty after this. National Steel Car isn’t going to go anywhere. It’s place in the world and in Canada is final, but what that will mean in the future is for him to determine. Refer to This Site.

Louis Chenevert is a Legend to Behold

There are few people in business as legendary as Louis Chenevert. This man single-handedly took a million dollar corporation and transformed it to have a massive net worth. The reason he was able to do this is that he discovered what it took to have a solid foundation in business and implemented that at United Technologies Corporation.

Louis began his career by attending HEC Montreal, which is an affiliate of Montreal’s University. Here, he would receive a Bachelors Degree in the profitable market of production management.

Fresh out of college, he was hired by General Motors as a production general manager. It was here that he would work for 14 years. He performed so well in this role that he was approached by Pratt & Whitney to become that company’s president. Even though he knew very little about aircraft engine manufacturing, they knew he was the correct fit.

During his time as president of Pratt & Whitney, he would increase their profit margins by 100% and would set them up as a major player in the business. However, he left Pratt & Whitney to work for the United Technologies Corporation.

In 2006, he became the Chief Executive Officer of UTC. A year later, he also became chairman of the board. He was tasked with research and creation of high technology products, specifically jet engines for the Commercial and Military sectors, and to produce sensors, flight controls, and other aerospace systems.

What raised the United Technologies Corporation above the bar was several key acquisitions that Chenevert made. One of the acquisitions was Otis, the world’s oldest elevator company. Also, he acquired his former company, Pratt & Whitney. The main acquisition that put UTC on the map was the acquisition of Goodrich for 16.3 billion dollars. These business mergers raised the UTC’s estimated value to over $63 billion as the shares would increase 200%.

After his time with United Technologies Corporation, Louis went on to become a consultant with Goldman Sachs in the merchant banking division. Here he would receive an undisclosed compensation in return for his services.

Obsidian Energy Taking The Oil Industry On Another Level

Obsidian Energy Ltd., an oil and natural gas was founded in 1979 with its headquarters in Calgary, Alberta, Canada which was previously known as Penn West Petroleum Ltd. From 2005 to 2011, the company was a Canadian Royalty Trust and reached a peak market capitalization in January with a north worth of about $ 9.5 billion. Obsidian Energy Ltd. faced a challenge with financial status in 2014 when crude oil pieces fell immensely. As a result, the firm had to sell the majority of its assets for the following two years to cut off on debts.

 

The firm’s location favors its business as it is found along Western Canadian Sedimentary basin which is among the world’s most extensive petroleum reserves. Their production is supplied from three primary areas in Alberta which include the Peace River Oil Sands, the Pembina Cardium and the Alberta Viking. In 2017, records show the average total production is 31,000 bbl. per day.

 

Penn West Petroleum Ltd. changed its name to Obsidian Energy on 26th June 2017. After surviving three years of an accounting scandal, commodity price crash and debt crisis it decided to change its name. David French who then took over as the CEO stated that shareholders were asked to approve of changing because it was a new company thus a unique name that does not resemble the old Penn West. See This Article for related information on the company.

 

This change was a transformation for Obsidian Energy, and it would run under three principles which include the relentless pursuit of progress and innovation, disciplined technical and commercial decision-making to build and protect enterprise value and accountable and transparent efforts with shareholders, the communities, and partners.

 

David French added that Obsidian Energy consists of right assets and an incredible hedging strategy that allows the firm to set measures for better performance in lower price environments. Some of the other resolutions that were approved by shareholders were an appointment of the auditor, election of directors, non-binding advisory vote on the corporation’s approach to executive compensation, approval of the reduction of share capital of accounting purposes and approval of an amendment to restricted share unit plan. Obsidian is positive about taking the oil industry to another level with its new transformations that will benefit the Canadian market.

 

Related http://calgaryherald.com/business/energy/restructured-penn-west-proposes-name-change-to-obsidian-energy

Penn West Petroleum Ltd. Changes Name To Obsidian Energy Ltd.

Formerly Penn West Petroleum Ltd., one of the key players in the energy field in Canada underwent a name change on June 26, 2017, and became Obsidian Energy Ltd. The company’s shareholders voted 92 percent in favor of the change. The name choice itself is actually is closely tied to the fact that obsidian is actually a type of volcanic glass that is naturally-occurring and can be honed and sharpened, much like the new and improved emerging Obsidian Energy. The company is a Canadian gas and oil producer that is considered to be intermediate in size. Obsidian has a portfolio that is well-balanced and includes many high-quality assets. The company produces approximately 30,000 boe (Barrel of Oil Equivalent) daily as per their 2017 projections.

 

Three Basic Obsidian Principles

Through their never-ending entrepreneurial spirit and serious attention to their bottom-line results, the people at Obsidian Energy have been successful at building the company into what it is today. And, that is a Canadian company based in Alberta with three basic principles, according to Obsidian’s President/CEO, David French, in a recent statement. Those three principles are namely:

 

  1. A relentless pursuit of innovation and progress,
  2. Highly disciplined decision-making processes, both technically and commercially, for building and protecting the company’s enterprise value,
  3. Efforts aimed at their shareholders and partners, [as well as within the specific communities where they operate], to always maintain their accountability and transparency.

 

Read This Article for more information about the company.

 

Wells Throughout Western Canada

Obsidian Energy is now an energy company that is well-positioned within their field with a prudent strategy for hedging, proper assets, and a balance sheet that continues to be healthy and that will allow. These aspects of their corporate structure are allowing the company as a whole to set high-performance standards even in environments that are lower in price. Founded in 1979, Obsidian Energy Ltd. is traded publicly as TSX: OBE and OBE on the New York Stock Exchange. They currently employ 300 employees at their headquarters in Calgary, Alberta, Canada, and have gas and oil wells throughout western Canada.

 

See Also: https://beta.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/penn-west-shareholders-approve-name-change-to-obsidian-energy/article35463586/?ref=http://www.theglobeandmail.com&

National Steel car- Its Growth Under The Leadership Of Gregory Aziz

National Steel car is one of the oldest engineering and manufacturing companies in North America. National steel car is a company that was initially formed under the National Industries Inc. it was formed in 1912. It was managed by Sir Morison and Basil Magor who was the first general manager of the corporation. National steel car changed its name to national steel car limited in 1919. National steel car started its production activities on a high note after it received huge orders from the railway’s corporations such as the Pacific Railways at the time. The managers of the company ensured that they plowed back the revenue they collected from the orders to more investments in the company. He made national steel car one of the best-performing companies at the time.

 

 

The company continued with is good performance through the 1920s. The first challenge that it faced came in the 1930s when it faced a shortage of orders. The management of the company was forced to which resort back to manufacturing other products so that it could maintain its operations. In 1962 the company was out under a new management of Dofasco. Dofasco then led the company up to 1994 when Gregory Aziz bought the firm.

 

When national steel car was put under the management of Greg Aziz, he ensured that its production capacity improved. He pumped in money that was used to introduce new technology in the company. Greg Aziz created an environment that made it possible for the company to revitalize its production capability.

 

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National Steel Car is ISO certified. ISO certification means that the company is engaging in good production methods. The company has also won the TTX SECO awards for best quality products. National steel car won this prize for 13 years consecutively. The production capacity of the company has also improved greatly. Just after a few years of his management, the company was producing more than 12500 cars annually. This was a huge improvement since under the previous management, it was producing less than 3500 cars. The companies also employed more workers after the expansion of its production activities. The number of workers grew from about less than 600 to over 2500 workers. Click Here For More Info.

 

 

About Gregory Aziz

 

Gregory James Aziz went to the University of Western Ontario where he received a degree in economics. He graduated in 1971 and assisted his parents in growing a foods business which was supplying fresh products In Canada and parts of the United States.

 

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Gregory Aziz Discloses What Makes National Steel Car Successful

Gregory James Aziz is the President, Chairman and CEO of National Steel Car, a railroad freight car manufacturing company based in Hamilton, Ontario. Gregory J Aziz was born on the 30th day of April 1949 in London, Ontario. He attended Ridley College, Gregory later joined the University of Western Ontario where he studied economics

In his earlier 20s, Gregory J Aziz who was passionate about the food market industry joined a food company that was owned by family members. Gregory Aziz assisted their company whose main purpose was to supply major fresh food to Europe and United States to be one of the biggest.

 

In the late 80s and early 90s Gregory J Aziz invested in the banking sector. This investment yielded handsome profits. He took advantage of a business opportunity in railroad freight car manufacturing a business which was unexploited in North America and purchased National Steel Car Company from Dofasco with an aim of making it the best.

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Through team work and qualified engineering experts he was able to improve his car manufacturing from 3500 cars annually in 1994 to 12000 cars per year in 1999. During that time National Steel Company provided jobs to more than 2000 people. Read More Information Here.

 

Currently National Steel Car builds thousands of railroad freight cars annually. This is thanks to their sustained effort in innovation, in both design and manufacturing expertise with a conscious and deliberate endeavor of staying at the top.

National Steel Car’s Corporate Social Responsibility involves a number of programs aimed at making the society especially the communities surrounding its factories a better place. Some of the programs include sponsoring a number of events such as the Hamilton Opera and Theatre Aquarius. National Steel Car also supports the Salvation Army and also the United Way among other numerous local charity programs. At the end of every year, especially during Christmas time, National Steel Car invites its employees both former and current, to come with their families to attend the Company’s Christmas Party. The party provides a major platform for the National Steel Car company family to participate in food drives for food banks situated within.

 

Greg and his wife Irene are also great supporters of the Royal Agricultural Winter Fair. This is one of Canada’s most celebrated agricultural fairs. The Royal Agricultural Winter Fair is held in the city of Toronto in November every single year. The fair showcases the very best in agriculture, local food and a number of competitions from around the country.

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Gregory Aziz, a Successful Businessman and CEO at National Steel Car

 

Gregory J Aziz is a prominent business person and serves as the chairperson, president as well as the CEO of National Steel Car. This firm is widely reputable for its capabilities in railroad freight car engineering as well as manufacturing. National Steel Car has its main headquarters in Hamilton, Ontario.

Greg James Aziz was born in 1949 at London, Ontario. He attended Ridley College and eventually majored in Economics at the University of Western Ontario. Greg Aziz later joined a wholesale food business in 1971. This food affiliated company was owned and run by his family.

 

After 16 years of operation, this family business grew and gained global recognition as a fresh food importer across Europe, South America, and Central America. Further, the company emerged a leading supplier of fresh foods to ready markets in Eastern Canada as well as in the USA.

 

Additionally, Greg Aziz worked in the banking industry in New York. In the verge of 1990, Greg organized for the purchase of National Steel Car. In 1994, Dofasco granted Greg James Aziz the ownership rights of this prominent Canadian Company. The primary goal of Gregory J Aziz was to restore and make National Steel cars one of the pioneering railroad freight car manufacturers.

 

National Steel Car was exclusively founded on robust manufacturing in addition to engineering competencies, capital, and human investments.

 

 

After the acquisition, National Steel car expanded its scope and scale of operation. For instance, annual production rate rose from 3,500 vehicles to 12,000 cars by the year ending 1999. The number of employees working in the company also rose from 600 to 3,000 within the same period. This level of success clearly demonstrates Greg Aziz’s exemplary leadership skills and competence. Check Out These Helpful Tips.

 

National Steel Car has ceaselessly invested in its manufacturing and engineering capabilities. As a result, the company is now affront in new car innovations. Similarly, National Steel Car has managed to build several world-class railroad freight cars. National Steel Car received its ISO certification 18 years ago. The company has continually maintained this honor through annual re-certification program.

 

Since 1996, National Steel car has defended its TTX SECO honorary award on merit of its sustainable quality products. The company has directly helped the locals at Hamilton and managed to sponsor Hamilton Opera, the Salvation Army, and Theatre Aquarius along with local charities. Together with his wife Irene, Greg Aziz is a sponsor for Royal Agricultural Winter Fair.

BUSINESSMAN AND CHIEF EXECUTIVE OFFICER NATIONAL STEEL CAR, GREGORY JAMES AZIZ

Knowing James Aziz

Born on April 30, 1949, in London, Ontario, Gregory James Aziz, also referred to as Greg, works at National Industries, Inc. as the chief executive officer and is the chairman of National Steel Car Limited, situated in Hamilton, Ontario. Gregory Aziz schooled at Ridley College and University of Western Ontario where he majored in economics. His wife Irene, and himself are supporters of the Royal Agricultural Winter Fair, which is the most prominent agricultural fair in London. Greg Aziz has served at National Steel Car since the year 1994. Greg J. Aziz, in 1971, joined his family food business which has become a worldwide importer of fresh foods for over 16 years. In 1994, Gregory Aziz bought National Steel Car from Dofasco after exploring several investment banking opportunities in New York.

 

1What James Greg Values and Believes That Has Kept National Steel Cars on Top

Greg Aziz states that the foundation of the company has been the people who have made it innovative, dynamic, and diverse and more value driven. They maximize their strengths and conform to their core values to provide the best railcars which their customers trust. National Steel Car has been awarded the annual TTX SECO AWARD for over ten years. National Steel Car is the only railroad freight car, engineering, and manufacturing company to have been certified ISO 9001: 2008. No company has managed to surpass it for over 18 years now. National Steel Car, thrives from their customer’s satisfaction and committed employees who ensure production of high-quality railcars. See This Page to Learn More.

 

National Steel Cars

National Steel Cars, under the management of James Aziz, is an active participant in community development projects. They support Theatre Aquarius, the Hamilton Opera, the United Way, Salvation Army and several local charities. The company ensures that their employees are fairly compensated for their services through good pay. National Steel Car, with hard work and stable leadership, and investments, both human and capital, enlarged its manufacturing capacity and employment rates from 3500 cars to 12000 cars annually, and 600 to 3000 people by 1999, respectively.

 

National Steel Car has been recognized as North America’s leading railroad freight car manufacturer due to its commendable work exceeding 100 years. Whatever type of car, National Steel Car gets their customers the correct parts fast and delivers on time. They also take it upon themselves to aid their customers to find the parts they do not have.

 

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GREGORY AZIZ: OUTSTANDING CEO OF NSC

Gregory James Aziz, commonly known as Greg Aziz was born in Ontario. He was born in 1949. Greg went to Ridley College and then the University of Western Ontario. He graduated with a degree in economics. Greg Aziz joined National Steel Car in 1994 when he bought the company from Dofasco. He has been serving as the chairman and the chief executive officer of the manufacturing firm since then. National Steel Car is the leader in the manufacture of railroad freight cars in the globe. In the northern America region, it is the only company that has been manufacturing these cars.

 

Greg J Aziz is a family man; he is married to Irene. One of the activities that they do as a family is to sponsor the annual Royal Agricultural Winter Fair that is held in Canada. This is the biggest agricultural show in the country.

 

After completing his economics degree in 1971, Greg decided to help his parents grow a family owned foods company. The company, known as Affiliated Foods., was supplying foodstuffs to people living in parts of Canada. After working for the food company for about 16 years, it became the largest importer of fresh food into Canada from Europe and South America. After going big, the company now supplies fresh foodstuffs to other local suppliers in the region. See This Page for More Info

 

Also, at the same time, he was working for their family company, he was also working for investment banks in New York. Remember that he had a degree in economics. For a fact, he became one of the best economists in the country going by his performance in the business sector. In 1994, Greg Aziz organized for the purchase of the National Steel Car Company.

 

Driven by the urge to succeed in life, Greg transformed the company in a way that not many would have expected. In just a matter of a few years, the operation of the company had resumed, and it was causing big waves in the manufacturing and engineering sectors of the economy. The production rate of the firm improved as so did the human resource base of the company. With the expanding business operation definitely, there must be an increase in the number of workers. Greg Aziz installed measures that would ensure that the over a hundred years old manufacturing company would be back on its feet producing quality products like it always did. National Steel Car is ISO certified and has consistently been receiving the TTX SECO Award of quality.

Source: https://www.steelcar.com/