National Steel Car has been witnessing a number of developments during the past few years, and a lot of this progress has been because of the efforts of Gregory J Aziz, who currently stands as the CEO of the company.
Being an engineering company, a lot of the focus of National Steel Car is on the innovation that they bring on. A company must be able to adapt and develop with the times if they want to stand out in the field, which is precisely what National Steel Car has been trying to do. When Aziz took over as the CEO of the company in 2010, Gregory J Aziz made it his main priority to focus on the development of National Steel Car so that he could take the company into the future of the engineering industry.
National Steel Car first started its operations in 1912 under the name Imperial Steel Car. The company has been working for over a hundred years, and it has only been because of their constant adaptability and development that the company experienced. By implementing the best technology, coupled with innovation and commitment to the job, National Steel Car has grown to be one of the top Canadian engineering companies.
Greg Aziz first joined the company back in 1994. He started out in the financial department of the company and worked his way up to important executive positions within the company. He has been a great mentor and guide to all the people working at National Steel Car which has, in turn, aided its overall development. Through sheer commitment and drive, Greg Aziz has become one of the most well-reputed leaders of the company.
The first experience that Aziz had when he was working with the company was while he was working at a banking firm in New York. During this time, he was asked to come on board and start working alongside a few executives at National Steel Car, which was at the time undergoing a few financial changes. Using his knowledge and experience, he was able to guide National Steel Car and overall benefited the company. See This Article to learn more.
Seeing his contribution and drive, he was offered a position at the company, in the financial department. Aziz knew the opportunities that he would be presented if he joined National Steel Car, which is why he decided that this would be an excellent approach to join them full time. Soon, this proved to be one of the most beneficial decisions that Aziz made during his career.
Gregory J Aziz was born on April 30th, 1949 in London, Ontario Canada to the parents of a wholesale food business. James Aziz went on to join that business and made substantial progress towards growing it into the company it is today. He joined the family business in 1971 and kick-started its growth.
Greg Aziz gained the knowledge needed for business at Ridley College and the University of Western Ontario. He graduated after majoring in economics.
Gregory James Aziz made the money he needed to purchase National Steel Car in the world of investing. In 1994 he finalized the purchase of National Steel Car from Dofasco.
During the first half decade as the head of National Steel Car, Greg Aziz transformed the company for the better. Shortly after purchasing the company, the freight car manufacturing went through a bad time. When the financial disaster was over only about 4 freight car producers were left standing in Canada. National Steel Car was miles ahead of the competition.
Greg Aziz and his company are also supporters of the local community. National Steel Car has sponsored productions at both Theatre Aquarius and the Hamilton Opera. Gregory Aziz also donates money to the United Way, the Salvation Army and other altruistic causes. The most notable charitable action is one that Aziz carries out every ear. Thanks to Aziz and his wife, the Royal Agricultural Winter Fair is able to operate every year. The fair is the largest agricultural festival in all of Canada.
History of National Steel Car
National Steel Car was founded in June 1912 under the name of the Imperial Car Company. This name only lasted a months’ time before it was renamed to its current title. National Steel Cars extensive history has qualified it to be considered North America’s number one freight car manufacturer.
National Steel Car is the only freight car company that is certified ISO 9001:2008 in the entire North American continent and has been honored nearly every year with the TTX SECO award. The National in National Steel Car may stand for Canada, but National Steel Car provides its products to companies all over North America, including CSX, one of the biggest railroad operators in the United States of America. Read This Article for additional information.
National Steel Car Chairman and CEO Gregory James Aziz was born in London, Ontario on April 30, 1949. The Hamilton, Ontario based company is the largest railroad freight car engineering and manufacturing company in Canada. National Steel Car supplies various railway freight and tank cars to Canadian and American railway operators and commercial rail operators. The company was founded in 1912 under the name Imperial Steel Car but the name was changed to National Steel Car shortly thereafter.
National Steel Car quickly became an industry leader in rolling stock and has the distinction of maintaining a top 3 position in Canada during its entire existence. Greg Aziz acquired the company in 1994 from its then owner Dofasco, and quickly set into motion a plan that would see the company well prepared for operation into the new century. National Steel Car has seen a massive expansion of its operations and production capabilities under Greg James Aziz. The company’s workforce has been increased from 500 to 3000 employees. This has coincided with a massive production increase from 3,500 to 12,500 railcars annually.
Greg James Aziz attended school at Ridley College and the University of Western Ontario, majoring in economics. After college, he joined Affiliated Foods, his family’s wholesale food business. In the late 80s and early 90s he worked in the investment banking sector in New York. He purchased National Steel Car in 1994 and immediately set to work attaining the vision he had for rejuvenating the company. National Steel Car’s current success is a direct result of Greg Aziz’s vision.
In making certain that National Steel Car was ready to move into the 21st Century, Greg Aziz emphasized the strengths that the company already possessed. Strong engineering capabilities that were already in place were paired with an emphasis on team building. Gregory J Aziz also made significant human and capital investments. Due to these measures, National Steel Car was able to expand its manufacturing capability from 3,500 cars per year in 1994 to 12,000 cars per years by 1999. The human investment included expanding the company’s payroll up to 3000 employees.
Greg Aziz’s vision for the growth of National Steel Car and his emphasis on engineering and manufacturing excellence has allowed the company to become the industry leader in new railcar innovation. Greg Aziz’s reputation for showing great appreciation and respect for his employees motivates his teams of technologists and engineers to create some of the most innovative designs in the railcar industry.
Greg Aziz has stated regarding his teams of employees that, “The cornerstone of this great company is our people. We are immensely proud of what we have achieved together. National Steel Car today is more dynamic, diverse, innovative and values-driven than ever before.” With a leader like Gregory James Aziz at the helm, it is not hard to see why National Steel Car is a leader in the railcar industry. Refer to This Article for more information.
Gregory is a successful Canadian businessman. He is the owner and CEO of the biggest engineering and manufacturing firm in the country known as the National steel car. It is a company he bought in 1994. Gregory J Aziz bought it after the previous management failed to sustain its operations. He, therefore, took over at a time when the business looked like it was collapsing. In what many thought as a bad move, he proved everyone wrong. Immediately he took over the company he put up measures that saw business pick up very fast. Gregory proved how brilliant he was with business management through the achievements he made with National steel car.
National steel car is a company with a long history. It was started in the 1910s under the name Imperial Steel Car and remains one of the best in the production of railroad freight cars. It has dominated this sector in such a way that many competitors closed down business and still left it operational. The difference between other companies and National steel car comes in the name of Gregory Aziz. He is the reason that we still have this company operating. While it looked like it was going down, he came up with a strategy that shore it up.
National steel car is a company with a huge impact on the people of Canada. It is located in Hamilton, a place where it has benefited many people with employment. The company has also improved the economy of the area by investing in plans that benefit the community. Gregory Aziz has been investing in agricultural shows in the area. National steel car is now able to produce over 12000 cars and employ over 2000 people. It is a huge improvement compared to what it was like before he took over. National Steel Car was producing just 3500 cars. Refer to This Article for more information.
Gregory James Aziz was born in Ontario, Canada. He is familiar with the business environment in the area and therefore when he took over National steel car he knew what was needed to make the business great again. Greg Aziz is also an economist, and therefore he knows to study the economy and know industries that are likely to be good for investment. As an economist, this was a good choice he had made. The railway’s sector still needed this manufacturing plant, and this is what Greg Aziz gave the market.
Greg Aziz is a philanthropist and a business mentor as well.
In the competitive world of business, there are many fascinating innovators worthy of note. These characters are somehow able to turn companies around armed only with good ideas and persistence. One of these impressive personalities worth further note is Canadian born Businessman Louis R Chenevert. Born in Montreal, Quebec in 1958, Chenevert grew up and chose to attend college at HEC Montreal. In 1979 he earned his bachelors from the university in business administration. Louis Chenevert achievements later in life would also earn him 2 honorary doctorates one from HEC Montreal in 2011 and Concordia University in 2014. These achievements were hard won as he began his Career at General Electric. For 14 years he impressed all those he worked with earning the position of general production manager by the time he was ready to move on. He left General Electric in 1993 and pursued a position with Pratt and Whitney Canada. Chenevert’s skills translated impressively to the new company and he was named President by 1999. After years of service Chenevert was ready to take on a new challenge. He found that challenge at United Technologies Corporation. In 2006 Chenevert joined the company and took on the role of President as well as Chief Operating Officer and Director. Follow him on Twitter.
His new undertaking proved to be what Chenevert needed, a challenge. At the time Chenevert took on the leadership role at UTC the country and the company were experiencing financial turmoil. With the recession in full swing, most companies were struggling to hold on. However, Chenevert did not focus on the obstacles instead he focused on the opportunity and he guided UTC to prosperity. The company’s stock prices were a pitiful $37 a share before Chenevert took the reins and by the end of his time running the company they had grown robustly to $117 a share. This growth delivered investors roughly 200% on their initial investments as well as dividends paid out regularly. Chenevert’s success is not limited to this growth. Chenevert impressive abilities can also be admired by how this growth was obtained. Instead of moving production overseas or infusing the company with money on new equipment of technology he achieved this growth by reorganizing the company to maximize what it already has. Find More Related Here.
Louis Chenevert is a progressive leader who has the ability to look to the future and live the moment. He has always led by example and knows that he must support a productive culture in any company that he is working with. Louis took over as the CEO of United Technologies Corporation and immediately began to instill his principles on the team in order to bring UTC back to the forefront of its industry. He was prepared to listen to new ideas and help those under his charge develop those ideas into successful business practices. UTC has been on the cutting edge of its market since Chenevert took over as the leader. He believed that the company could have a positive impact on the American economy by creating opportunity for others.
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Technology is continuously evolving. The demand for the technology gets more and more sophisticated as a market expands. Louis was prepared for these events. He made plans to hire more than 25,000 people within a three-year period in just the United States alone. The move was made to show the others in the industry that UTC was serious about creating the opportunity that it speaks of. Go Here For additional information.
The main organization should always inspire the growth of its affiliate brands. UTC uses many suppliers in order to support its huge network. Chenevert understands that he must invest in these other entities. The company dedicated up to 40 million dollars in investments over a 3-year span in order to help suppliers produce the highest quality products possible.
People are the creators of technology. Therefore, it is important to support the creative minds that are producing the ideas. In order to help its innovators, think outside the box, UTC initiated a program that would allow its team members to attend college for a bachelor’s degree no matter what the field of study is. The company pays for the tuition.
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Louis Chenevert is a graduate of HEC Montreal, which is a business school within the University of Montreal. He had successful tours at General Motors and Pratt & Whitney before moving on to UTC. Louis eventually stepped down from his position as CEO of United Technologies Corporation and looks forward to upcoming opportunities.
The life of Gregory James Aziz has truly been a time of innovation and success. He has set himself apart, not only as a lucrative businessman, but as an innovator obsessed with quality. Greg Aziz was born in London Ontario in 1949, to the family that would eventually found Affiliated Foods. Sometimes called James Aziz, he knew that he wanted to go into business when Affiliated Foods was founded in 1968. He graduated with a degree in Economics from the University of Western Ontario and joined the business in 1971. He would oversee the growth of the new grocery supplier and it would be among his first real-life business lessons.
Until 1987, Gregory James Aziz worked with Affiliated Foods to see massive growth. The company began to import from Europe, Central America, and South America. This was important because they became the first suppliers to do so and it gave them a very competitive edge. Their food was better quality and they had a larger array of stock. Aziz saw this and marked it into his own brain for future reference. He decided to leave the company shortly after that and began to think about starting his own business.
In 1994, an opportunity presented itself that he could not pass up. National Steel Car, a once great freight car manufacturer, was on the market. Even though the company had been on the decline for several years, Aziz saw a lot of potential. He purchased the company right away and began working on quality. In just two years, the company had received the TTX SECO award for their high-quality products. They have held this award consecutively since then. This denotes the change in direction that Aziz wanted. While he wanted to honor the history of National Steel Car, he did not want to skate by on their former reputation. This was a great time for him to define himself.
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By the year 2000, Aziz had increased the workforce of National Steel Car by over 3,000 and productions to almost 12,000 cars a year. That was a substantial change from just 600 employees making 3,500 cars a year. This means that the workforce went from creating roughly nine cars a day to over 32. This was an incredible win for Aziz and National Steel Car. To this day, National Steel Car remains a leading freight car manufacturer throughout the world. Truly, Aziz achieved his dreams.
Located in Calgary, Obsidian Energy is a well-known oil and gas company in Canada. The main production area for Obsidian oil and gas are; Alberta Viking, Peace Fields and Pembina Cardium.
Obsidian Energy takes pride in assisting individuals in the evaluation of oil and gas investments. With over twenty-five years of technical experience, they have the ability to evaluate oil and gas properties to determine the risk and reward. They also work with institutional investors; helping them expand their portfolio and profitability. They are considered experts at the evaluation of oil and natural gas assets.
FrontFour Capital, based out of Greenwich Connecticut is quite impressed with Obsidian Energy. They have a significant investment in Obsidian Energy. By accumulating over twenty-seven million shares, the hedge fund investment company increased its stake in Obsidian by 5.5 percent. FrontFour Capital completed the paper work with the Securities and Exchange commission, which is required when any individual or corporation owns more than five percent of a publicly traded company.
Obsidian Energy continues on track for financial success. The strong momentum through 2017, allows Obsidian to continue to meet their goals for oil and natural gas production. The third quarter of 2017 ended with a sold future and strong financial gains for Obsidian Energy.
The first exploration into the Western Canadian Basin produced results that well exceeded expectations. The Western Canadian Basin area has three wells. Further development of this area is anticipated in 2018. Adding to the financial success are the production areas located in Peace River, Alberta Viking and Cardium. Under new management and utilizing an advanced well delivery system, Obsidian continue to exceed production expectations
Obsidian predicts their oil and natural gas business to increase by five percent in 2018. With exceptional management and flexibility with their operations team, it is quite possible they may exceed the anticipated growth rate of five percent. Refer to This Article for more information about the company.
Penn has changed its name to Obsidian Energy after 92% of the shareholders voted in favor of the name change. Although there is a fixed price of gas and oil, Penn West Petroleum hopes to pursue a steady growth in the next three years. The company chose to go with Obsidian because it’s natural gas that can be honed and sharpened.
Going forward Obsidian Energy will also be positioned with the right assets including a prudent hedging strategy and a healthy balance sheet that will make it easy for Obsidian Energy to come up with standards for performance that can be implemented on the lower price environment. That aside, Obsidian has started the first quarter of the year on a solid start regardless of the limited activity within the season breakup condition.
According to the company CEO, they are looking to restructure their operation to gain more in the second quarter. To achieve this, they have reduced and reallocated some of their budgets to fit the current price environment. This is important since it will be easier for them to have a stable financial and at the same time keep the debt low. Obsidian has several subsidiaries including Canetic Resources Trust, Endev Resources Partnership, and Sifton Energy Inc. Currently, the company has approximately 300 employees on staff.
In the subsequent months, Obsidian will be focusing more on development programs. At the moment they can efficiently manage the current commodity environment, and they look forward to making updates through the newly established accountable, relentless and disciplined firm.
During the second quarter of operation, the Obsidian Energy cooperates production averaged at thirty thousand boe a day. The production in the development areas remained significant even after successful workover projects and favorable optimization decline during the breakup period. The operating costs at the same time were valued at fourteen dollars per boe. Read More Information on this page.
What’s more, the annual turn around and maintenance with additional expenses were on a high in the second quarter. With such a trend the company is hoping to trend down the second half to target the operating cost by 13 to 13.5 per bow. The funds that were used in the operation of the second quarter was estimated at 43 million dollars which reflects the high sale price.
Oils and natural gas businesses experience challenges due to global price fluctuations. Many of these companies do well in business while others don’t. Obsidian Energy LTD. is one of the natural gas and oil production companies that is working hard to remain on top of the industry. This oil production company is based in Calgary, and it has been performing well in production as well as in the stock market.
It was previously known as Penn West Petroleum Ltd. until June 2017. The change of name has come with new set of approaches and strategies that will make the company more productive. The company aims to produce more oil and natural gas by employing new technologies and strategies. This requires capital investment which they are ready to spend for a more productive Obsidian Energy LTD. The company has reemerged stronger and more capable of dealing with many challenges that come in the competitive industry.
The oil company has been one of the largest companies on Toronto Stock Exchange. In January 2008, Obsidian reached $9.5 billion which was a peak market capitalization, and since then it has been doing well in the stock exchange market. In 2014, the oil and gas production company were affected by low oil prices, but they managed to overcome the financial difficulties. Obsidian Energy has always remained on toes since then enabling it to grow while making more profits.
Obsidian Energy has huge oil field across Alberta. Along the Western Canadian Sedimentary Basin is where the company owns oil and gas fields as it is one of the largest petroleum reserves. Obsidian Energy produces an average of 30000 bbl equivalent per day and is targeting to increase the production with time. The company has been performing this good as it is managed well by experts who own the company’s vision and goals.
Obsidian energy is led by David l. French who is the president as well as the CEO. To manage finances, Obsidian Energy has David Hendry as the chief financial officer who has a financial experience of over 25 years. On top of that, Obsidian Energy has a reputable board of directors who always want to see the company perform better in oil and natural gas production.
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