Earle M Jorgensen (NYSE:JOR)
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From Jun 2019 to Jun 2024
Earle M. Jorgensen Company (NYSE: JOR) announced today
that it has completed the expansion of its Toronto, Ontario facility.
The Company's existing five year old facility was determined to be
ready to support increased operations. Accordingly the original 62,000
square feet of warehouse facilities has been expanded by approximately
50%. The resulting 92,000 square foot operation will include 87,000
square feet of warehouse space.
"We are very pleased with the way our business has been able to
serve customers in the Province of Ontario," said William Gertin,
Director of Canadian Operations for Earle M. Jorgensen Company.
"Ontario is the center for half of all manufacturing activity in
Canada and we are adding more than just extra space to serve that
diversified customer base. We are installing processing equipment and
60% more racking at a cost of C$1.5 million, and as a result, our
customers will see a wider range of product, more metals processing
options and increased efficiency levels."
The expanded facility and the new equipment have already commenced
operations and will be fully operational by September 15th.
This expansion 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. Toronto is the third new facility opening or expansion
announced in recent weeks following those in or near Spokane, WA,
Houston, TX and Hartford, CT.
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