Earle M. Jorgensen Company Announces Groundbreaking at New Satellite Facility in Quebec City; New Facility Will Support Increase
October 10 2005 - 4:56PM
Business Wire
Earle M. Jorgensen Company (NYSE:JOR) announced today that it has
commenced groundbreaking for its new metals processing and
distribution facility in Quebec City. The 20,000-square-foot
facility, scheduled to open in January 2006, will hold an extensive
inventory of bar and tube stock and will have cutting equipment on
site. The facility will increase service levels and delivery
frequencies to Earle M. Jorgensen Company's customers in Quebec
City and surrounding areas currently served by the Company's
Montreal Facility. "We are looking forward to increasing our level
of service to new and existing customers in Quebec City and the
region, and expect to have daily deliveries to customers in and
around the major cities served by the new operation," said William
Gertin, Director of Canadian Operations for Earle M. Jorgensen
Company. The new facility, located at 180 Rue des Grands-Lacs, St.
Augustin de Desmaures, Quebec, will have a full time area manager
on site and will be looking to add a staff of five or six people.
This expansion furthers Earle M. Jorgensen Company's strategy of
expanding its operations to offer added-value capabilities, and
increased service and delivery levels to its customers in North
America. Quebec City is the fifth new facility opening or expansion
announced in recent months following those in or near Toronto;
Spokane, Wash.; Houston; and Hartford, Conn. About Earle M.
Jorgensen Company Earle M. Jorgensen Company is one of the largest
distributors of metal products in North America, with 37 service
and processing centers. The Company inventories more than 25,000
different bar, tubing, plate, and various other metal products,
specializing in cold finished carbon and alloy bars, mechanical
tubing, stainless bars and shapes, aluminum bars, shapes and tubes,
and hot-rolled carbon and alloy bars. Forward-Looking Statements
Any forward-looking statements, as defined by the Private
Securities Litigation Reform Act of 1995, contained in this press
release are subject to risks, uncertainties and other factors, such
as the cyclicality of the metals industry and the industries that
purchase our products, fluctuations in metals prices, risks
associated with the implementation of new technology, general
economic conditions, competition in the metals service center
industry, and our ability to satisfy our "on-time or free" delivery
guarantee. Actual events or results may differ materially from
expectations due to these risks, uncertainties and other factors.
These factors and additional information are included in Earle M.
Jorgensen Company's filings with the Securities and Exchange
Commission. In particular, we refer you to Earle M. Jorgensen
Company's Annual Report on Form 10-K for the fiscal year ended
March 31, 2005, filed with the Securities and Exchange Commission
on June 29, 2005. You should be aware that we do not plan to update
these forward-looking statements, whether as a result of new
information, future events or otherwise unless required by law.
JORG
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