Earle M Jorgensen (NYSE:JOR)
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From Jul 2019 to Jul 2024
Earle M. Jorgensen Company (NYSE:JOR) announced today
that its recently-opened Spokane, WA facility has reached full
operating status. The facility was first opened on July 1, 2005.
The 15,000 square foot facility has an extensive inventory of bar
and tube stock and features the latest in metal cutting equipment.
Five new jobs have been created at the site. The facility will enhance
and expand service levels in the areas of Eastern Washington, Northern
Idaho, and Western Montana.
"Following the significant increase in sales to the region, we
wanted to increase service levels and delivery options to our
customers beyond those available from our Seattle facility," said
Robert Cloos, District Manager for Earle M. Jorgensen Company. "Our
customers, many of who are local screw machine companies, machine
shops and local OEMs, will have the benefit of a wide range of metals,
and value added machining options. They will also have continued
product availability enhanced by the location of the Spokane facility
directly on the route to Seattle from our main Chicago operation,
which provides seven to ten delivery runs a week," added Mr. Cloos.
The opening of this facility continues the Earle M. Jorgensen
Company's strategy of continually increasing service and delivery
levels to its client base through the development of local operations.
This allows the Company to serve its very demanding client base as
locally as possible. The Company's clients are increasingly looking to
outsourcing solutions as they seek to run their businesses more cost
effectively and benefit from the Company's fast response rates, its
unique on-time or free delivery guarantee and its on the ground
knowledge of local needs and practices.
The addition of a facility in Spokane further progresses the Earle
M. Jorgensen Company's strategy of continually increasing service and
delivery levels to its client base by developing added-value
capabilities close to its customers. Spokane is the third new facility
opening or expansion announced in recent weeks following those in
Texas and Connecticut.
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