Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products. The company’s manufactured metal products include pressure cylinders for liquefied petroleum gas (LPG), compressed natural gas (CNG), oxygen, refrigerant, and other industrial gas storage; hand torches and filled hand torch cylinders; propane-filled camping cylinders; helium-filled balloon kits; steel and fiberglass tanks and processing equipment primarily for the oil and gas industry; cryogenic pressure vessels for liquefied natural gas (LNG) and other gas storage applications; engineered cabs and operator stations and cab components; steel pallets and racks; and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings, laser welded blanks, light gauge steel framing for commercial and residential construction, and current and past model automotive service stampings. Segments The company operates through three segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. Steel Processing This segment consists of the Worthington Steel business unit (Worthington Steel), which operates 12 main facilities; Precision Specialty Metals, Inc., a specialty stainless processor located in Los Angeles, California; and Worthington Steelpac Systems, LLC (SteelPac), which designs and manufactures recyclable steel packaging solutions for the movement of products, as well as includes two consolidated joint ventures, such as Spartan Steel Coating, LLC (Spartan), which operates a cold-rolled hot dipped galvanizing line in Monroe, Michigan; and TWB Company, L.L.C. (TWB), which operates a laser welded blank business headquartered in Monroe, Michigan. This segment serves approximately 1,000 customers, principally in the agricultural, appliance, automotive, construction, hardware, HVAC, lawn and garden, leisure and recreation, office furniture, office equipment, container, and aerospace markets. This segment buys coils of steel from integrated steel mills and mini-mills and processes them to the precise type, thickness, length, width, shape and surface quality required by customer specifications. Computer-aided processing capabilities include, among others, cold reducing, which achieves close tolerances of thickness; configured blanking, which stamps steel into specific shapes; cutting-to-length, which cuts flattened steel sheets to exact lengths; dry-lubing, the process of coating steel with a dry, soap-based lubricant; edging, which conditions the edges of the steel by imparting round, smooth or knurled edges; hot-dipped galvanizing, which coats steel with zinc and zinc alloys through a hot-dip process; hydrogen annealing, a thermal process that changes the hardness and certain metallurgical characteristics of steel; laser welding, which joins metal blanks and coils with different thicknesses, coatings or material strength; pickling, a chemical process using an acidic solution to remove surface oxide, which develops on hot-rolled steel; primacoat, which is a high-lubricity, acrylic-based coating; slitting, which cuts steel coils or steel sheets to specific widths; oscillate slitting, a slitting process that spools together various narrow coils welded into one larger coil; temper rolling, which is the process of light cold-rolling sheet steel; tension leveling, a method of applying pressure to achieve precise flatness tolerances; and non-metallic coating, including acrylic and paint coating. This segment also toll processes steel for steel mills, large end-users, service centers and other processors. The company owns a 55% controlling interest in TWB, which operates three facilities in the United States, with one facility in each of Alabama, Michigan and Tennessee, and four facilities in Mexico. SteelPac designs and manufactures reusable custom steel platforms, racks and pallets for supporting, protecting and handling products throughout the shipping process for customers in industries, such as automotive, lawn and garden and recreational vehicles. SteelPac operates three facilities, with one facility in each of Indiana, Ohio and Pennsylvania.
(WOR:New York Consolidated)
200 Old Wilson Bridge Road
Columbus, OH 43085
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