It is always fascinating to learn about the history of companies that have been around for a very long time and are thriving to this day. Despite its ups and downs, the Canadian company of National Steel Car managed to survive for more than 100 years as the business is currently 105 years old.
The company is operating in the industry of rolling stock. National Steel Car started its journey in Hamilton, Ontario with its first owner being Sir John Gibson, an esteemed businessman, and investor at the time. National Steel Car quickly caught the attention of investors as they swarmed to support the company after it launched its first product.
Only a couple of years after National Steel Car had entered the business, it assumed its place among the leaders in the industry. National Steel Car had to expand the number of workers significantly as the orders kept rolling in and the business was booming.
The prosperous times, however, started slowing down massively t the point where National Steel Car began producing anything just to keep their heads above water. The business had a very tough time during the Great Depression. Nonetheless, National Steel Car survived, but its stability was shaken profusely. The company had to lay off a large number of people.
When the Second World war started, the business picked up again. The company of National Steel Car embarked on a journey of restoration to return to its former self. The years went by, however, but the company never got back to the way things were. Find More Information Here.
In 1994, a business called Dofasco was the owner of National Steel Car. In the same year, Gregory James Aziz acquired the Canadian company. At the time the business had only around six hundred workers, and it was managing to produce only 3 500 cars on a yearly basis. Gregory J Aziz changed that drastically over the first five years of leadership. Two years after the establishments of National Steel Car, the business grew to 1 500 people. Gregory J Aziz, however, took it to three thousand people. The company also started producing 12 000 cars every year.
Over the curse of its existence, the business of National Steel Car has had its fair share of troubles and prosperous times. Gregory J Aziz manages to bring the business back to its former glory and even take it beyond. Up to date, National Steel Car is thriving. The company will continue to expand.