Business Services Industry
Earle M. Jorgensen Company Announces Opening of New Connecticut Facility to Support Northeastern Expansion
Business Wire, August 25, 2005
HARTFORD, Conn. -- Earle M. Jorgensen Company (NYSE:JOR) announced today that it is to expand its operations in the Northeastern United States with the opening of a new facility in Southington, Conn.
Located in Southington outside of Hartford, the 32,000-square-foot facility is scheduled to open on October 1, 2005, and is expected to create nine new jobs. The facility will enhance and expand service levels in Connecticut and Northeastern New York.
Related Results
"The opening of this facility continues the Earle M. Jorgensen Company's strategy of continually increasing service and delivery levels to our client base in the Northeast. The facility will have an extensive inventory of bar and tube stock and will feature the latest in metal-cutting equipment. This allows us to serve our very demanding client base as they continually seek outsourcing solutions to run their business more cost effectively," said Jim Hoffman, Vice President of Earle M. Jorgensen Company.
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.
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