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Reliance Steel and Aluminum Open Facility in Shanghai

Dec 21 2007

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Reliance Steel and Aluminum Co. announced today that its subsidiary, Valex Corp. has opened a facility in the People’s Republic of China. Valex China Co. Ltd. is 100% owned by the Hong Kong joint venture company Valex Holdings Ltd. Reliance owns 88% of Valex Holdings.

The 24,000 square foot facility is located in the Nanhui district of Shanghai and will produce ultra high purity tubes, fittings, and valves for the semiconductor, LCD and solar industries. This new venture will be the first Valex manufacturing plant based in China and will position the company to improve its already significant share of the growing Asian market. Valex Corp. also has operations in Ventura, California and Pyongtaek, South Korea and is a 97% owned subsidiary of Reliance.

Reliance’s Chairman and Chief Executive Officer, David H. Hannah, said, “We are very excited about the opening of Valex China. This new facility will allow us to expand our market share in this fast-growing market by offering localized production and enhanced services to our customers and also increases our existing global presence.”

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