Ryerson CEO Eddie Lehner told a crowd of elected officials, dignitaries and construction workers earlier this month that well-paying manufacturing jobs are key to the American economy, according to the Chicago Tribune.
He made the remarks came during a ground-breaking ceremony for wholly owned subsidiary Central Steel & Wire.
“I am going to say it three times for good luck,” Lehner said. “Manufacturing, manufacturing, manufacturing.”
The new 900,000-square-foot facility – a service center facility and headquarters for Central Steel & Wire – is located in University Park (a southern suburb of Chicago). The new facility will provide more than 300 jobs and will feature expanded bar and tube processing equipment. The facility is expected to be operational by the middle of 2023.
“When we make it here, everyone benefits and it’s not a zero-sum game but we create new prosperity and new family wage jobs that can stand the test of competition and time,” Lehner told the group.
Ryerson (NYSE:RYI), a Platinum Equity portfolio company, is publicly traded on the New York Stock Exchange and is one of the largest processors and distributors of metals in North America. The company processes and distributes a full line of products in stainless steel, aluminum, carbon steel and alloy steels and a limited line of nickel and red metals in various shapes and forms.