National Steel Car, one of the oldest engineering and manufacturing companies in North America is still the biggest producer of rolling stocks or better known as railroad freight cars. National Steel Car is located in Hamilton, Canada. As one of the oldest companies, it was established in the early 20th century. Up to date, it is still performing exemplary well. It is still able to produce rolling stocks in huge volumes. Since it was established, it has been the industry leader. It has topped in the manufacturing of these products all through. Currently, it operates under the National Industries Inc., as a subsidiary. It is headed by Greg Aziz, who serves as the chairman and the CEO.
A group of investors from Canada officially started National Steel Car. One of them was Morison Gibson. They initiated it in 1912 under the name Imperial Steel Car. They aimed to take advantage of the huge demand for rolling stocks in the railway’s sector and establish a formidable company that would become the biggest in the industry. To start with, the investors behind the idea of National Steel Car bought a warehouse where they could start constructing their plant.
After starting production, the company experienced an influx of supply orders from various railways corporations in the region. It was a great start to the business. They managed to make good profits at an early stage, and this enabled them to expand the operations of the company beyond expectations. They were able to handle the supply of large volumes of rolling stock to their clients. National steel car performed so well during the first two decades. Its operations were however affected by the economic depression of the 1930s which left the company with a huge shortage or orders. The demand for rolling stocks had gone so low that the company was not able to sustain its business operations. It was forced to look for alternative products that could bring the income they needed. They began production of motor vehicles.
After the start of the Second World War, the company once again received big orders to supply vehicles and tanks for use in the war. Business again at the National steel car was up. It continued even after the end of the war. The company put measures to avoid losses in future by expanding their market reach to other areas outside of Canada. National steel car started exporting products to the United States and China. See This Page for additional information.