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About
Worthington Industries, Inc. engages in metals processing, which focuses on value-added steel processing and manufactured metal products. It offers pressure cylinder products such as propane, oxygen and helium tanks, hand torches, refrigerant and industrial cylinders, camping cylinders, scuba tanks, compressed natural gas cylinders and helium balloon kits; engineered cabs and operator stations and cab components; framing systems for mid-rise buildings; 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. The company operates through the following business segments: Steel Processing, Pressure Cylinders, and Engineered Cabs. The Steel Processing segment designs and manufactures recyclable steel packaging solutions for the movement of products. The Pressure Cylinders segment refers to Worthington Cylinders business unit which operates manufacturing facilities, and two consolidated joint ventures: Turkey-based Worthington Aritas Basincli Kaplar Sanayi, a manufacturer of cryogenic pressure vessels for LNG and other gas storage applications; and Utah-based dHybrid Systems, LLC, a manufacturer of CNG fuel systems for large trucks. The Engineered Cabs segment consists of the Worthington Industries Engineered Cabs business unit, which operates two main facilities. The Other segment includes construction services and Worthington Energy Innovations. Worthington Industries was founded by John H. McConnell in 1955 and is headquartered in Columbus, OH. | |||
Description
Worthington Industries, Inc., a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Europe, Mexico, Canada, and internationally. The company operates through Steel Processing, Pressure Cylinders, Engineered Cabs, and Other segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, hardware, HVAC, lawn and garden, leisure and recreation, and office furniture and equipment markets. It also toll processes steel for steel mills, large end-users, service centers, and other processors; and designs and manufactures reusable custom steel platforms, racks, and pallets for supporting, protecting, and handling products in the shipping process for customers in industries, such as automotive, lawn and garden, and recreational vehicles. The Pressure Cylinders segment manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, oil and gas equipment, and various accessories and related products for a range of end-use market applications, including industrial products, consumer products, alternative fuels, oil and gas equipment, and cryogenics. The Engineered Cabs segment designs and manufactures custom-engineered open and enclosed cabs, as well as operator stations and custom fabrications for heavy mobile equipment used in agricultural, construction, forestry, military, and mining industries; and machined structural components, complex and painted weldments, engine doors, boom components, and complete frames. The Other segment develops energy solutions for entities in North America and Asia. Worthington Industries, Inc. was founded in 1955 and is headquartered in Columbus, Ohio. |