Earle M. Jorgensen Company
NYSE : JOR

October 10, 2005 18:34 ET

Earle M. Jorgensen Company Announces Groundbreaking at New Satellite Facility in Quebec City; New Facility Will Support Increased Service Levels to Quebec City and the Region

QUEBEC CITY, Quebec--(CCNMatthews - Oct 10, 2005) -

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

Contact Information

  • Earle M. Jorgensen Company
    William S. Johnson, 323-923-6124
    323-567-1034 (FAX)
    or
    CCG Investor Relations
    Mark Collinson, 310-231-8600, Ext. 117
    310-231-8663 (FAX)