Wednesday, November 02, 2005

Oneida Ltd. Takes 244,141 Square Feet, IKEA Adds 325,954 Square Feet Of Warehouse Space At Tejon Industrial Complex TEJON RANCH, Calif. (NOV, 2005) – Tejon Ranch Company (NYSE: TRC) announced two lease transactions today with Oneida Ltd. (OTCBB: ONEI) and IKEA. The companies have signed lease agreements totaling approximately 570,000 square feet of space within existing buildings at Tejon Industrial Complex, the 1,450-acre master planned commercial development that anchors California’s central trade corridor.

The commitment by both companies reinforces Tejon Industrial Complex’s presence as a strategic Western location, capable of meeting the demands for warehouse, distribution or manufacturing facilities. These latest transactions will bring the existing 651,909-square-foot modern industrial building to full occupancy.

Oneida Ltd., an international leader in the production and sale of quality tableware products, anticipates that it will begin moving into 244,141 square feet of space in November 2005, and is expected to add up to 100 new jobs at the site.

IKEA, the world’s leading home furnishings retailer, occupies more than two million square feet at Tejon Industrial Complex, inclusive of an expansion lease of 325,954 square feet. Currently, IKEA employs more than 500 at its facility and could add more jobs in 2006 as part of this expansion.

“Tejon Ranch is committed to delivering a site location that meets the needs of today’s industrial companies. We also continue to work hard to provide a solution that will enhance the flow of goods through efficiency, technology and better communication among those involved in the process,” said Robert A. Stine, President and CEO of Tejon Ranch Co., which developed and owns the building through a joint venture with Nevada-based DP Partners.

Tejon Industrial Complex is centrally located immediately north of Los Angeles in Kern County on Interstate 5 where it intersects Highway 99. Positioned on approximately 330 acres, the industrial complex features direct freeway exposure and provides unparalleled, ample room for truck access and maneuvering.

The site delivers roundtrip geographic access to 96 percent of California’s population in a single trucking day, which is crucial for truckers striving to meet new Federal laws requiring them to spend no more than 11 hours on the road in a 24-hour period. Additionally, the location offers access to the markets of 11 western states within a total of 24 hours.

“Tejon Industrial Complex is well-connected to established transportation corridors, as well as the major ports in California,” said Barry Hibbard, Vice President of Commercial and Industrial Development with Tejon Ranch. “There is a large labor pool readily accessible and the region also offers a higher and more affordable quality of life. The business climate of Kern County actually encourages companies to grow and expand here.”

John Minervini of Cushman & Wakefield represented Oneida Ltd. in the transaction. Thomas Taylor and John DeGrinis of Colliers Seeley International, Tejon Industrial Complex’s exclusive marketing and leasing team, represented the ownership.

For more information about the Tejon Industrial Complex, unique regional benefits, trends in global logistics and/or West Coast distribution or manufacturing site selection strategies, please contact Macy + Associates at (310) 821-5300 to secure an interview with the appropriate source.

About Tejon Ranch Co. (NYSE: TRC)

Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the Company, its Tejon Industrial Complex development, Interstate 5 retail centers, agribusiness operations, future real estate projects and land preservation programs, please logon to www.tejonranch.com.

About Oneida Ltd. (OTCBB: ONEI)

Oneida is a leading source of flatware, dinnerware, crystal, glassware and metal serveware for both consumer and food service industries worldwide. For more information on Oneida, its products, operations and corporate history, please logon to www.oneida.com.

About IKEA

IKEA currently has more than 225 stores in 33 countries, including 25 in the U.S., where other stores are being planned in: Brooklyn, NY; Canton, MI; Dublin, CA; Portland, OR; Round Rock, TX; Somerville, MA; Stoughton, MA; and West Sacramento, CA. Since its 1943 founding in Sweden, IKEA has offered home furnishings and accessories of good design and function, at low prices so the majority of the people can afford them. For three consecutive years, IKEA has been named to Working Mother magazine”s annual list of the “100 Best Companies for Working Mothers” and Training magazine”s annual “Top 100″ ranking of companies that excel at human capital development – as well as to this year”s FORTUNE””s “100 Best Companies to Work For” list. IKEA incorporates environmentally friendly efforts into day-to-day business and continuously supports initiatives that benefit causes such as children and the environment. To visit the IKEA Web site, please go to http://www.ikea-usa.com. For information about working at IKEA, please visit http://JobsAt.IKEA-usa.com.

Contact:
Dennis Kaiser/Chris Egger Macy + Associates Inc. (310) 821-5300 or cegger@macyinc.com

Tejon Industrial Complex (TIC) is well on its way to fulfilling its economic promise for Kern County.

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Tuesday, May 24, 2005

Environmental and Conservation Leaders Join Tejon Ranch Company and the Trust for Public Land in Unveiling of 100,000-acre Tejon Ranch Preserve

TEJON RANCH, CA, 05/24/05 – Environmental and conservation leaders today joined Tejon Ranch and the Trust for Public Land (TPL) officials to unveil the much-anticipated 100,000-acre, science-based Tejon Ranch Preserve on the historic ranch, located 60 miles north of Los Angeles.

The Preserve was mapped after nearly two years of scientific study designed to identify the best of the natural resources on the ranch. The process included review and recommendations by a scientific peer review panel and an independent environmental advisory group.

“We are very proud to unveil this preserve design based on hard science after nearly two years of research, on-site verification, and peer review by an independent Science Advisory Panel and a group of environmental advisers. The Tejon Ranch Preserve will protect a pristine, unique, and historic landscape equal to the size of Yosemite Valley and twice the size of Santa Catalina Island,” said Reed Holderman, Executive Director of the Trust for Public Land California.

Tejon Ranch and TPL also have signed an agreement to pursue the purchase, by a public agency or non-profit organization, in fee or through conservation easements, of the land within the defined preserve boundaries.

“The proposed 100,000-acre nature preserve on Tejon Ranch offers an extraordinary opportunity for protection of California”s wildlife heritage,” said Natural Resources Defense Council senior attorney Joel Reynolds, “This acquisition is critical to ensuring the preservation forever of this essential biological connection between the Sierras and the mountains of southern California.”

“The design of the 100,000-acre proposed nature preserve on Tejon Ranch is an excellent model for science-based conservation planning. It is designed to protect the best wildlife habitat from destruction, degradation, and fragmentation which are the driving forces behind today”s decline in species and biodiversity all over the country,” said Paul Henson, Ph.D., Assistant Manager, Ecological Services, California/Nevada Operations, U.S. Fish and Wildlife Service.

“The preserve design is the result of intensive scientific research and groundtruthing. Local environmentalists reviewed the design and offered input. The result is a sound preserve rooted in science with sensitivity to local environmental issues,” said attorney Carlyle Hall, co-founder of the Center for Law in the Public Interest in Los Angeles.

Overall, the Tejon Ranch Preserve protects the habitat of threatened and endangered species, preserves wilderness areas, and provides public access as the preserve design includes a long-hoped for realignment through Tejon Ranch of the Pacific Crest Trail, a 2,650-mile long congressionally designated scenic trail from the Mexican border to Canada.

“We are excited that the Pacific Crest Trail will have a secure and permanent corridor as part of the Tejon Ranch Preserve. This reroute of PCT will allow public access and a much improved user experience in this wonderful region of California,” said Liz Bergeron, executive director of the Pacific Crest Trail Association.

“The Tejon Ranch Preserve is a central part of our overall vision for the future of Tejon Ranch and is consistent with the Ranch”s historic core values of conservation and good stewardship,” said Bob Stine, President and Chief Executive Officer of Tejon Ranch Company. “We believe the Tejon Ranch Vision, which also calls for continuing our historic ranching and farming operations and the limited development of about five percent of the Ranch over the next 25 years, is a responsible and balanced plan for the future of Tejon Ranch, and shows our commitment to preserving California”s legacy and providing for California”s future,” Stine continued.

Tejon Ranch Company and TPL announced their partnership in 2003 to protect up to 100,000 acres of the ranch. Following the announcement, TPL hired Michael Josselyn, Ph.D., an authority on Southern California natural resources and president of WRA, Inc., of San Rafael, California, to lead a team of experts to evaluate the entire 270,000-acre Tejon Ranch and to design a 100,000-acre nature preserve.

Dr. Josselyn and his team had exclusive, full access to Tejon Ranch”s surveys and data and together with on-the-ground verifications, mapped important habitat areas of the ranch, including high value, environmentally sensitive lands, and lands connecting key habitats, and identified key areas for permanent conservation using six conservation priorities: watershed integrity, biodiversity, landscape connectivity, special status plant species, special status wildlife, and regionally underrepresented habitats.

“We have designed a preserve using sound conservation principles and the best scientific knowledge we have to meet the needs of special habitat species and regional goals, including the protection of the California condor, the ranch”s vast oak woodlands, and the unique biodiversity of Tejon Ranch,” said Josselyn.

Dr. Josselyn consulted with local and statewide environmental and biological experts, nonprofits, government agencies and others who have information important to the creation of the preserve. He also worked on the design of the science-based preserve with the project”s Environmental Advisory Group, which includes Joel Reynolds, senior attorney at the Natural Resources Defense Council; Esther Feldman of Feldman and Associates; Professor Victoria Sork, Ph.D., chair of the Department of Ecology and Evolutionary Biology at the University of California, Los Angeles; environmental attorney Carlyle Hall Jr. of the law firm Akin, Gump, Strauss, Hauer & Feld LLP, and Terri Stoller, co-founder of the Smart Growth Coalition of Kern County and a Bakersfield agribusiness owner. The Environmental Advisory Group was formed at the outset to provide Tejon Ranch and TPL with advice on how to enhance conservation planning efforts.

“The next steps are to begin the appraisal process to determine the value of the land and then to seek funding to purchase it. Working together, we hope to protect the many sensitive habitat lands that are home to the California condor and the largest unspoiled oak woodland in the state, as well as the critical wildlife corridor that links the coast to the sequoias,” Holderman added.

TPL is a national land conservation organization dedicated to conserving land for people as parks, greenways, wilderness areas and natural, historic and cultural resources for future generations. Founded in 1972, TPL has protected more than 2 million acres nationwide.

Tejon Ranch Company is listed on the New York Stock Exchange under the symbol TRC. Its principal asset is the 270,000-acre Tejon Ranch, which is located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. Founded in 1843 as several Mexican land grants, Tejon Ranch is now home to farming operations, cattle grazing, oil production, mining, recreational activities, and limited development along the Interstate 5 corridor.

More information is available at www.tejonranch.com

The statements contained herein, which are not historical facts, are forward-looking statements based on strategic plans, economic forecasts and other factors, which by their nature involve risk and uncertainties. In particular, among the factors that could cause eventual outcomes to differ materially from such statements are the following: results of scientific surveys and analyses, outcomes of negotiations, governmental decision-making, governmental fiscal conditions, business conditions and the general economy. For further information on factors that could affect Tejon Ranch Company, the reader should refer to its filings with the Securities and Exchange Commission.

Editor”s Note: High resolution maps and graphics on Tejon Ranch Preserve are available for downloading by going to www.tejonranch.com/news/trpreserve

Contact: Mary Menees, Trust for Public Land, (415) 495-5660 x375 or (415) 608-2645 (cell) Barry Zoeller, Tejon Ranch Company, (661) 663-4212

Welcome to the first edition of the Tejon Grapevine, a newsletter designed to keep you informed and up-to-date on what’s happening at Tejon Ranch and with the Tejon Ranch Vision.

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Wednesday, February 16, 2005

Tejon Ranch Company (NYSE: TRC) is pleased to announce it has reached a development agreement with Rockefeller Group Development Corporation (RGDC) for a joint venture at Tejon Industrial Complex (TIC). The joint venture calls for the designation of 500 acres at TIC as a Foreign Trade Zone (FTZ) and the development of the property within the FTZ for warehouse/distribution uses.

Rockefeller Group Development Corporation has been involved in the development, management, and ownership of some of the most prestigious and well-known properties in the United States, most notably Rockefeller Center in New York City. For the last 20 years it has also been the leader in foreign trade zone development and management.

“The Rockefeller Group is one of the largest and most successful developers of FTZs in the United States,” says Robert A. Stine, President and CEO of Tejon Ranch Company. “We’re very pleased to be working with a company whose reputation and expertise is second to none.” The joint venture represents The Rockefeller Group’s first major industrial investment on the West Coast.

The Rockefeller Group recently commissioned a commodity flow analysis of imported materials into the ports of Los Angeles and Long Beach to assess trends and the direction of flow of such materials. The study indicated Tejon Industrial Complex is ideally suited for a Foreign Trade Zone designation. In fact, RGDC is already working with IKEA to obtain FTZ designation for the IKEA distribution center at TIC.

“Tejon Ranch’s Tejon Industrial Complex has all the elements that make it the right location for us,” says Tom McCormick, RGDC’s Senior Vice President of Development. “It’s a master-planned industrial center in the heart of California, and it’s one of the few places in the state that has enough land assembled to create the critical mass necessary for a successful FTZ.”

“The fact that Tejon offers direct access to both the ports of LA/Long Beach and the Port of Oakland, makes it a strategic location for all FTZ users looking to operate on the West Coast,” McCormick continued.

There are three main benefits for companies locating at a Foreign Trade Zone. It allows manufacturers or distributors to pay no duty on imported items or raw materials until such goods enter the commerce of the U.S. FTZ users may also receive permission from Customs to move imported items directly from the ports to the FTZ, thereby avoiding delays at congested ports. In addition, the Trade and Development Act of 2000 allows FTZ users to submit weekly reports and pay one broker and processing fee per week, rather than submitting a report and paying a fee for each shipment. This can result in significant potential cost savings.

Tejon Industrial Complex is located at the junction of Interstate 5 and Highway 99, at the southern end of the San Joaquin Valley, approximately 70 minutes north of Los Angeles. The 1450-acre industrial/commercial complex is already home to IKEA’s Western North American Distribution Center, which serves California and the western United States and Canada.

Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. Rockefeller Group Development Corporation is a subsidiary of The Rockefeller Group, headquartered in New York City.

Contact: Barry Zoeller, Tejon Ranch Company, (661) 248-3000 Sandra Manley, The Rockefeller Group (212) 282-2123