Ryerson Holds Groundbreaking Ceremony for New Central Steel & Wire Facility
(Chicago – June 6, 2022) Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, held a groundbreaking ceremony on June 1 for its new 900,000-square-foot state-of-the-art facility – a service center facility and headquarters for its wholly-owned subsidiary, Central Steel & Wire Company, LLC (“CS&W”). Located in University Park, IL (a southern suburb of Chicago), the new facility will provide over 300 jobs and will feature expanded bar and tube processing equipment. The facility is expected to be operational by the middle of 2023.
“We have been creating and providing family wage jobs for a combined 293 years as Ryerson was founded in Chicago in 1842 and CS&W was founded in Chicago in 1909. How many things do you know that have lasted that long?” asked Eddie Lehner, Ryerson President & CEO, in a speech delivered at the ceremony. “It speaks to the durability, resiliency, and potential that brings us all here today. Our mission, our passion, and our purpose is to provide great experiences for our customers, employees, shareholders, suppliers, and communities. Great experiences never go out of style, and we need them now more than ever.”
Jack Barger, President, CS&W, added “On behalf of our more than 500 team members at CSW, we are thrilled to become part of the University Park community and relocate our main facility to Will County. Thank you to all of the elected officials and team members for your support and efforts.”
Special guests at the groundbreaking ceremony included University Park Mayor Joseph Roudez, Will County CEO Jennifer Bertino-Tarrant, Illinois State Senator Patrick Joyce, Governors State University President Dr. Cheryl Green, Clayco VP and Industrial Business Unit Leader Trevor Ryor, Principal at Venture One Mark Goode, and the Ryerson leadership team.
Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,000 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.
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