Earle M. Jorgensen Company Announces Full Operating Status at Newly-Opened Spokane Facility; Facility Will Support Expansion in
31 Agosto 2005 - 7:00AM
Business Wire
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
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