Every once in a while, a true titan of business and industry will come around. They will show the world that there are new and innovative ways to do things, and they will bring companies that were struggling back into the spotlight. These individuals work hard to make sure that business thrives, and they will do everything in their power to bring change to industries. One of these individuals is Gregory James Aziz.
Gregory J. Aziz was born in Ontario, Canada, and he earned his bachelor’s Degree from the University of Western Ontario. Always knowing that he had a knack for business, he joined his family’s food distribution company, Affiliated Foods, in 1971. Soon enough, he had worked his way up in the company and was making major decisions on business strategy. He was able to locate new and better suppliers in South America and Europe, places that Affiliated had never expanded to before. He was also able to secure several lucrative contracts with other companies and customers in the United States, turning Affiliated from a local distributor to a large, international corporation.
After 16 years at Affiliated, Aziz knew he had to make a change. He dove into the stock market and investment banking for a short time. Although he was good at this new career, it was not as fulfilling to him as turning around a failing business. Aziz used his earnings to purchase National Steel Car in 1994. This was the true survival story.
National Steel Car had been around for a century, manufacturing and selling rolling stock and railcars to companies and railroads in Ontario. Greg Aziz had different plans for this company. When he purchased it, there was no clear business strategy, and business owners had only used it to siphon off capital and resell the company. James Aziz did his research and started to make decisions that would turn NSC around.
He decided that the core principles of NSC should be focused on engineering and manufacturing high-quality, rather than low-cost products. He worked with new suppliers and found new customers all over North America, expanding the previous networks that NSC had. He hired 2,000 more employees and invested heavily in capital projects, increasing the capacity of the company by over 300 percent. Aziz singlehandedly turned this company around. Now, National Steel Car has over $200 million in annual revenue and is one of the leading manufacturers of rolling stock in North America. Read This Article for additional information.
Every once in a while, a businessman comes around that can completely change an industry, and in the past two decades, that man has been Greg Aziz.