Earle M. Jorgensen Company

September 07, 2005 09:20 ET

Earle M. Jorgensen Company Completes Previously Announced Expansion of its Toronto, Ontario Facility; Larger Operation Will Support Increased Canadian Activity

TORONTO, ONTARIO--(CCNMatthews - Sept. 7, 2005) -

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.

Contact Information

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