Founder John Morison Gibson Parent organization National Industries, Inc. | Founded 1912 | |
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National Steel Car is the largest manufacturer of rolling stock in Canada, based in Hamilton, Ontario. The company was founded in 1912, and has been a top 3 rolling stock manufacturer in Canada for its lifetime. National Steel Car is a subsidiary of National Industries Inc., and is currently led by Greg Aziz, Chairman and CEO of National Steel Car.
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History
Founded in 1912 by several investors led by Sir John Morison Gibson and with interests related to the Magor Car Corporation, Basil Magor was enlisted to lead the National Steel Car project. Once the new plant was functioning in Hamilton, Ontario, Magor became General Manager of National Steel Car Company Limited. The first few years of National Steel Car's production surpassed the expectations of its investors. The company began manufacturing just as Canadian rolling stock orders reached an all-time high in 1913. Due to the company's impeccable timing, National Steel Car began business with a large number of box car orders from Canadian Pacific Railway, and various railcar orders from Canadian Northern Railway. In 1919, Donald Symington of Baltimore and Robert Magor of Magor Car Corp. made an offer on the company, and from there on it was reorganized as National Steel Car Corporation Limited.
Business at National Steel Car boomed from the beginning of its life until just before the depression period of the 1930s. During the depression, National Steel Car was falling behind in terms of diversity in comparison to its competitors, and suffered a severe lack of orders. At one point the company resorted to producing motor trucks, bus bodies, and outboard motor boats, just so they had orders to fill. World War II renewed National Steel Car's business, and the company has been in a relatively healthy state for most of its life since. It shares nearly all Canadian rolling stock orders with Eastern Car Company. National Steel Car also exports to the United States regularly, more so in the later years of its life.
In 1962, Dofasco bought National Steel Car, but by 1990 it had effectively given up control of the declining company, and in 1994 they sold it to Hamilton corporation National Industries Inc., owned by Greg Aziz. By the year 2000, Aziz had increased National Steel Car's workforce from 500 to 3,000 employees, and its production capacity from 3,500 to 12,500 rail cars annually. Today, National Steel Car makes and supplies various rolling stock to Canadian and American customers, mainly railway operators and commercial rail operators.
Originally named Imperial Steel Car, the name was changed before the end of 1912.
Today National Steel Car is one of a few remaining rolling stock companies left in Canada.
Products
The following are past and present products made by National Steel Car.
Current
National Steel Car has focused on freight car production since the 1960s and was the second largest car builder in 1950s.
Past
National Steel Car has manufactured various railcar and non-rail products.
Up until 1950 National Steel Car made wood and steel railcars. In 1945 it acquired Valdes Lumber Company of British Columbia to supply wood for their railcar products.
Clients
Prior to 1995 National Steel Car's focus was within Canada, but since the 1990s it has focused elsewhere in North America, namely the United States.