A Powerhouse of the Industry: Gregory Aziz

Very few individuals can boast about prowess and business acumen like Gregory James Aziz. Throughout his professional career, Greg Aziz has shown that he has the ability to function in several different industries and turn failing businesses around. He has the ability to change with environmental factors and innovate in a way that makes his competitors obsolete. Greg Aziz truly is a powerhouse in the business world, and he is showing no signs of slowing down.

 

Aziz started his career shortly after graduating from the University of Western Ontario with his degree in Economics. He was asked to join the family business, and he was happy to be given the option at such a young age. He started working at Affiliated Foods and quickly rose to the top. Being a member of the owning family, he was expected to bring new ideas into the boardroom, but nobody expected him to grow the company from a domestic seller to a national distributor. He found a way to gain better deals with several exporters from South America and Europe during his time at Affiliated. He even gained several new customers in the United States that wanted access to new and exotic foods. When he left after 16 years, Greg Aziz had built an international conglomerate.

 

Now Aziz was ready for a new challenge. After spending a decade in the investment banking business in New York, he decided to make his first major investment. Aziz purchased National Steel Car from its then owner, Dofasco; a manufacturer of rolling stock for railroads, in 1994. This was seen as an extremely risky enterprise, especially considering the railroad industry was in decline. Not only that, but recent rail disasters and industrial accidents had cast as shadow and doubt over the ability of railcar manufacturers to keep up with all of the regulations. Greg Aziz showed them all that he was the one able to do it.

 

Over the past 24 years, Gregory Aziz has grown National Steel Car from 600 employees to over 3,000. He also induced cash flow into the business and focused on capital projects during his early years. Because of this influx of cash, production capacity was able to increase from 3,500 cars to over 12,000 annually. Aziz has also focused on innovation and the company’s tradition of engineering excellence to make sure all of his railcars will meet both the regulatory standards for today and tomorrow. Greg Aziz has always been a Master of Business, and he will continue to keep companies like National Steel Car alive for years to come.

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