Gregory Aziz and National Steel Car Work To ‘Carry That Weight’

Canadian Gregory James Aziz, also known as Greg, was born in London, Ontario on April 30, 1939. He is a business executive who is knowledgeable on the subject of American passenger and freight carriers. Gregory J. Aziz is presently the CEO (chief executive officer), chairman, and president of National Steel Car.

 

National Steel Car is a business that specializes in the production and engineering of railroad freight cars. The company is based out of Hamilton, Ontario. NSC is famous in the industry.

 

At present, little has been made public concerning Aziz’ familial background. Nevertheless, it is known that Aziz went to college after completing his secondary education. He attended Ridley College. Additionally, Aziz attended the University of Western Ontario.

 

His major was Economics. He graduated in 1971. He took a position with the Affiliated Foods Company.

 

AFC, founded in 1968, markets wholesale groceries. It’s currently one of the largest importers of fresh food. The company purchases goods from South America, Central America, and Europe.

 

By 1990 Aziz had moved to New York. He took a job as an investment banker. Four years later, he had amassed a great deal of money.

 

Aziz next acquired NSC from Dofasco. His ultimate goal was to turn his newly-purchased business the top railroad freight car producer on the continent. He would make his business famous.

 

The company’s engineering abilities grew under Greg Aziz’ supervision. Aziz invested the majority of his funds into human resources, thus upping the business’ production capabilities. As the new millennium approached, the company was making 8,500 more freight cars than when Aziz first acquired National Steel Car.

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James Aziz has garnered a reputation for being a perfectionist. Due to his leadership, National Steel Car has earned numerous different honors over the years. National Steel Car is now said to be the one and only freight car manufacturer on the continent to be officially ISO-certified. The company has scored the TTX SECO highest quality award since 1996.

 

Regardless of the somewhat futuristic concepts currently being used by NSC, Aziz and staff stay true to traditionally time-honored values like remaining loyal to their clientele, working to maintain good relationships with their suppliers, and recognizing the importance of the business’ 2000-plus workers who build the quality rail cars that the company prides. Greg James Aziz and National Steel Car are also active in the community. Aziz and NSC also support community-based charities. Go To This Page for additional information.

Greg Aziz has What it Takes to Make National Steel Car a Leader Again

National Steel Car is known as a pioneer of freight car manufacturing in Canada as it has been around for almost 105 years. The business was conceived by a group of investors who launched the company and soon attracted many other Canadian businessmen who wished to also put their money into the company.

 

The profit that they made was higher than what they had expected. The National Steel Car was a flourishing business that soon assumed an absolute position at the top of its line of work in the country. Na company would operate only within Canada, and that was enough for it to grow and reach a workforce of a few thousand people reasonably quickly.

 

The first difficult period for the company was because of the Great Depression when orders from clients slowed down significantly the company’s profit decreased considerably. The company was forced to then its ranks, sell off some assets, and cut off a significant portion of its production. It eventually started producing anything the client would order merely to survive the hardships.

 

When the Depression passed, National Steel Car started to recover and when the Second World War broke out the company was catapulted into prosperous times regarding orders and profits. National Steel Car did not continue to be at the forefront of its line of work, but it did start growing back into its former self again. The prosperity ceased after the end of the war.

 

The current owner of the corporation is investor and businessman Gregory James Aziz. He purchased it in 1994 after a few years of preparation. Mr, Gregory J Aziz was precisely what National Steel Car needed as he modernized the company and expanded its workforce and capacity of production per year. Within five years he more than tripled both numbers.

 

Mr. Greg James Aziz is also from Hamilton, Ontario just like National Steel Car. He had as many years of practice doing business at his family’s company. The business is called Affiliated Foods, and it is an international importer of food to Canada and the United States all the way from Europe and South Africa. Go Here to learn more.

 

Mr. Gregory J Aziz attributed his success as a business owner to knowing the value of being a part of a community. Aziz and his wife are sponsors of the Royal Agricultural Winter Fair. He brought the corporation into the community Hamilton and made it into a meaningful part of it for the people. National Steel Car gives charitable donations as well.

Learn More: https://remote.com/greg-aziz

The Successful Turn Around of Obsidian Energy

Obsidian Energy is a Canadian mid-sized public company that deals with the production of oil and natural gas. Based in Calgary, Alberta, Obsidian Energy owns and operates gas and oil fields throughout the Western Canada. The company shares do trade on the Toronto Stock Exchange. Currently, the company CEO and President is David L. French and David Hendry as the CFO.

 

Background

 

Obsidian Energy Ltd was founded in 1979 under the name Penn West Petroleum Ltd. Over the years the company registered considerable growth in the industry reaching a market capitalization of over $9 billion in 2008. Between 2005 and 2011, the company operated under the Canadian Royalty Trust (CANROY). Due to the fluctuation of crude oil prices, Penn West Petroleum did experience operational as well as financial difficulties in 2014. It was faced with enormous debt, deficit balance sheet, and lawsuits.

 

Restructuring

 

For the next two years, Obsidian Energy underwent a massive restructuring from the ground up. It did dispose its assets to pay off some debts and were able to reduce it to $384 million from $4 billion. Further, they reduced its workforce from 1400 to 300. Also, they did cut the compensation paid to the board members and suspended payment of dividend to the shareholders. Consequently, they reduced their oil production from 135,000 barrels per day to 28,000.

 

After the restructuring, the company emerged stronger, learner, focused on its growth as well as excited about its future. On June this year, the shareholders approved changing of its name from Penn West Petroleum to Obsidian Energy. Speaking after the name change, the CEO, David French said that the company was opening a new chapter. He stated that, Obsidian is be guided by three principles namely “disciplined technical and commercial decision-making, relentless pursuit of progress and innovation, transparency and accountability to all stakeholders.”

 

With the new philosophy, Obsidian Energy has now crafted and streamlined its assets on the right platform. The current leadership and management, as well as the entire employees’ fraternity, are now working as a team to achieve the stated objectives. Their resolute commitment will surely drive Obsidian Energy back to the financial position they were before the unfortunate crisis.

 

 

Go Here to learn more about Obsidian Energy.

Obsidian Energy: Smaller, Faster, More Competitive

Obsidian Energy, in 2017 producing approximately 31,000 barrels of oil (BOE) per day, is an Alberta Canada Oil Company which is considered a mid-size petroleum company. Obsidian Energy produces a fraction of Canada’s 3.2 million barrels per day.

 

Alberta occupies an area of 250,000 sq. miles and is located in the western province of Canada. According to the 2016 census, Alberta has an approximate population of 4,067,175, being the fourth largest of Canada’s provinces.

 

In June of 2017, the Penn West Petroleum downsized and sold off part of its assets, having already cut the number of its employees by more than fifty percent. Penn West’s shareholders changed its name to Obsidian Energy to become profitable by reducing its costs to reflect the ongoing prices of oil and gas because in 2014 the Canadian price of crude oil dramatically fell.

 

As a result, the oil production of 135,000 BOE was reduced to 31,000 BOE per day. These changes were necessary, smart and gave Penn West’s shareholder’s time to reorganize and resurge as Obsidian Energy.

 

Obsidian’s oil and gas fields are adjacent to the Western Canadian Sedimentary Basin. This basis is the source of the globe’ s significant petroleum reserves, which are located in Alberta’s Peace River oil sands, the Alberta Viking, and the Pembina Cardium.

 

Obsidian Energy and China Investment Corporation of a joint venture named the Peace River Operated Partnership. This joint venture enjoys proper positioning and controls of a significant portion of the crude oil resource that is capable of cold-flow production.

 

David L. French is the President and CEO of Obsidian Energy. He formerly was employed as the President and CEO of Bankers Petroleum Ltd. which is located in Calgary which also operated in Southeastern Europe. Rice University granted French graduated from Harvard Business School and earned an MBA and a mechanical engineering B.A. from Rice University.

 

French has announced a resurgence in Obsidian’s financial health as viewed by an increase of drilling in the third quarter of 2017 and is confident that this economic improvement will continue into 2018.

 

Visit This Page for additional information.

 

See: https://en.wikipedia.org/wiki/Obsidian_Energy

Obsidian Energy: Building a Better Tomorrow, Together

When you think oil and gas, Canada probably isn’t the first thing that comes to mind. But it could be the third. With the third largest petroleum reserves in the world, Canada is a quiet juggernaut of the North American oil economy.

 

And one of the most innovative companies working in that sector must be Obsidian Energy.

 

Obsidian Energy is the reconfigured successor of Penn West Petroleum. Leaner and more focused than ever, Obsidian has streamlined operations under the experienced leadership of industry veteran David French, a recent addition. Mr. French joined the team in October of 2016, leaving a position as President and CEO of Bankers Petroleum.

 

Mr. French is joined at the helm of Obsidian by David Hendry at CFO and Tony Berthelet as vice-president for operations and development.

 

With Canada providing close to 43% of the United States oil imports, the Canadian oil industry remains a rich sector open for continued development. As the oil industry rebounds globally, and as new technologies make oil extraction easier, cleaner, and more sustainable, Obsidian has more than enough room to grow.

 

Under Obsidian’s young and determined leadership the company has launched new and innovative initiatives aimed at acknowledging the historic risks of petroleum production and working in an integrated way with local communities to ensure safe and environmentally friendly methods and standards. Obsidian has dedicated itself to a position of corporate transparency and responsibility.

 

With a sustainable development plan framed by a dedication to pragmatic, practical, and modest growth Obsidian is positioned to climb the industry ladder. With a new corporate culture, Obsidian’s 30,000 barrels a day can’t help but multiply. Visit This Page for additional information about the company.

 

Ultimately, Obsidian is determined to become a new model of middle-sized petroleum company and hopes to set a standard emulated industry wide.

 

And now the former Penn West Petroleum may just have the leadership and confidence necessary to not only meet, but exceed that goal.

 

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

The Life of Gregory Aziz and National Steel Car

Gregory J. Aziz is among the well-recognizable individuals in the business world of North America. He is the chief executive officer, president and the chair of the National Steel Car, which is based in Ontario. The enterprise is one of the worldwide leaders in the engineering and manufacturing for railroad freight cars. Born in 1949, Greg James Aziz studied at Ridley College. Subsequently, he proceeded to the University of Western Ontario where he earned an economics major.

 

James made his career debut in 1971 when he joined Affiliated Foods, a family wholesale food enterprise. Within twenty years, the firm grew to be among the leading importers of fresh foods from South and Central America and Europe. Moreover, the firm’s distribution network grew astoundingly to stretch across the United States and the east of Canada. Later on, Gregory James Aziz proceeded to the investment banking industry in New York where he assumed various leadership roles in several institutions.

 

Through his experience in the finance, economics and business world, Greg Aziz successfully made an acquisition of the National Steel Car from Dofasco in 1994. His prime intention was the restoration of the once great firm to its previous performance status as well as grow the company into a leading railroad freight car manufacturing business across North America. At National Street Car, Gregory Aziz made emphasis on its team building, engineering capacity, human and capital investments, all which are vital in expanding the company.

 

On purchasing National Steel Car, Greg saw the firm’s production capacity rise from a mere 3,500 units to staggering 12,000 freight car units by 1999. In just about the same period, the firm’s workforce grew from 600 to around 3,000 employees. Due to Greg’s pursuit of the company’s engineering and manufacturing excellence, it is currently a leader in production and innovation of thousands of freight car units annually. See More Info Here.

 

Aside from his business interests, James Aziz and his company, National Steel Car commits to the Hamilton community through profound philanthropic activities. In the area, he sponsors the Salvation Army, the Hamilton Opera, the United Way as well as the Theatre Aquarius among other charities. Every year, the National Steel Car conducts a company Christmas party as well as a food drive for Hamilton food banks. Interestingly, current and past employees of the National Steel Car grace the event. His family, in addition, sponsors the Royal Agricultural Winter Fair, which is the largest agricultural fair in Canada. Greg James Aziz’s family is also well known for their love and support for the equestrian sport.

The Success Story of Gregory James Aziz

Greg James Aziz is known in the world of business as one of the most successful and inspirational businessmen. National Steel Car is headed by him, and this company is responsible for the best railroad freight car engineering and manufacturing in North America. Greg is the President, Chairman & CEO of National Steel Car. Greg’s rise as one of the most successful businesspeople in the world is one that is full of inspiration and lessons. To get an idea of how hedid it, how Greg Aziz achieved so many of his goals as an entrepreneur, first we must look back to where he came from.

 

Born in London on April 30, 1949, Greg J Aziz studied at the University of Western Ontario with a major in Economics. Greg Aziz started developing his business mind from his younger years. His first venture to in business is when he joined the wholesale business of his family named Affiliated Foods. Right now, Affiliated Foods is a major food company that distributes its products across the Americas from Europe, but the company wasn’t always such a successful business project. Part of the success of the family business of Aziz came from the participation of Gregory Aziz.

 

Always seeking to grow and expand his knowledge. Greg went to New York in the 80s and found himself in the world of investment banking in the 90s. Proving success in the investment banking field, he was able to purchase National Steel Car in 1994 from Dofasco, and because of his leadership, the company increased its growth from 3,500 cars each year to 12,000 within five years. The number of jobs the company provides also increased from 600 to 3,000.

 

National Steel Car now has more than 100 years of experienced and throughout all those years, they have consistently been honored by awards. Greg’s company has been the top railroad freight car manufacturer in North America for 18 years now. Click Here For More Info.

 

Greg knows that he also owes his success to the people around him and the community he serves, so he and his wife always make sure to give back and help the people with charitable actions and donations. Greg and his wife are known philanthropists and two of the biggest ones around their neighborhood, and are also the sponsors of the Royal Agriculture Winter Fair among many other causes.

 

Right now, Greg Aziz continues to lead National Steel Car and his employees.

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