Russel Metals rationalizes long product operations in Ontario, Canada

Tuesday, 24 August 2010 01:52:40 (GMT+3)   |  
Russel Metals Inc. Monday announced it intends to combine its Ontario structural steel and other long product operations in its Cambridge facility, resulting in the closure of its Port Robinson facility. The expansion at the Cambridge facility will cost approximately Cdn$6 million. The Company will be able to better serve its customer base from the Cambridge location. This restructuring allows Russel Metals to remain a strong player in this competitive market and reduce its operating costs. The Company estimates 80 employees from the Port Robinson branch will be impacted and that approximately 40 employees will be hired for the expansion in Cambridge.

"The decision to close a location is never easy as it impacts long service employees," said Brian Hedges, Russel Metals Inc. President and CEO. "The expansion at the Cambridge branch allows us to fulfill our commitment to provide better service to our customers and rationalize, as needed, our operations in Ontario."

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three distribution segments: metals service centers, energy tubular products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel, Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.


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