Worthington Industries

New Hydrogen Cylinders Enable Faster Filling

New Hydrogen Cylinders Enable Faster Filling

Developed with advanced composite materials . Meet or exceed SAE J2601 objectives and can be used in 250° F (121 C) operating temperature. Designed to capture, contain and use hydrogen with service pressures ranging from 248–700 bar (3,600–10,150 psi).

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Company News

Worthington Industries Lauds ITC’s Affirmative Vote in Chinese Non-refillable Steel Cylinders Trade Case

Columbus​, Ohio, April 16, 2021 - The U.S. International Trade Commission (ITC) today determined that unfairly traded imports of DOT-39 non-refillable steel cylinders from China have materially injured Worthington Industries. These cylinders deliver gases that are critical for HVAC and refrigeration and service the construction industry. “We thank the International Trade Commission for its...

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New Hydrogen Cylinders Enable Faster Filling

New Hydrogen Cylinders Enable Faster Filling

Developed with advanced composite materials . Meet or exceed SAE J2601 objectives and can be used in 250° F (121 C) operating temperature. Designed to capture, contain and use hydrogen with service pressures ranging from 248–700 bar (3,600–10,150 psi).

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Company News

Worthington Industries Divests Oil & Gas Equipment Business

Columbus, OH – February 1, 2021 - Worthington Industries, Inc. (NYSE: WOR) today announced that it sold its oil & gas equipment business to an affiliate of Ten Oaks Group. The divestiture includes the related operating assets located in Bremen, Ohio and Tulsa, Okla. Worthington retained the real estate associated with the business and is leasing it back to the new owners, who will operate the...

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Mergers & Acquisitions

Worthington Industries Acquires General Tools & Instruments Company

Columbus, OH – February 1, 2021 - Worthington Industries, Inc. (NYSE: WOR) today announced the acquisition of General Tools & Instruments Company LLC (General Tools), a provider of over 1,200 feature-rich, specialized tools with well-established brands and a nearly 100-year history. The acquisition broadens Worthington’s consumer products brands in niche tools and outdoor living. General...

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Mergers & Acquisitions

Worthington Industries Acquires German Valve and Component Company

Columbus, OH – Jan. 7, 2021 - Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany. “Our purchase of PTEC adds to our investments in the...

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Company News

Worthington Industries Declares Quarterly Dividend

COLUMBUS, OH – Dec. 17, 2020 -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.25 per share. The dividend is payable on March 29, 2021, to shareholders of record March 15, 2021. Worthington has paid a quarterly dividend since it became a public company in 1968. About Worthington Industries Worthington Industries (NYSE:WOR) is a leading...

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Company News

Worthington Industries Announces Support of Stay At Home Orders

COLUMBUS, OH – March 24, 2020 -- Worthington Industries, Inc. (NYSE:WOR) today announced its support of the various Stay At Home executive orders issued in states where it operates, including Ohio, where Worthington is headquartered and 16 of its 57 facilities are located.    “We are committed to the health and safety of our employees and minimizing the spread of COVID-19 by enforcing all...

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Company News

Worthington Specialty Processing Announces Consolidation of Operations

COLUMBUS, Ohio – March 19, 2020 – Worthington Specialty Processing (WSP), a joint venture between Worthington Industries, Inc. (NYSE: WOR) and United States Steel Corporation (NYSE: X), today announced a plan to consolidate its operations. Under the consolidation plan, WSP will close its Canton, Mich., facility. Its two remaining facilities in Jackson and Taylor, Mich. will continue to...

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Company News

Worthington Industries Announces Consolidation of Oil and Gas Operations

Columbus, Ohio - February 12, 2020 - Worthington Industries Inc. (NYSE: WOR) today announced a plan to consolidate its oil and gas equipment manufacturing operation in Wooster, Ohio into its existing facility in Bremen, Ohio.  The consolidation will help utilize available capacity at Bremen which manufactures similar products. The closure of the Wooster operation is expected to be complete by...

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Mergers & Acquisitions

Worthington Industries Acquires a Majority Ownership of Samuel Steel Pickling Company

Columbus, OH – Jan. 6, 2020 - Worthington Industries Inc. (NYSE: WOR) today announced it has acquired a majority ownership of the Samuel Steel Pickling Company, a joint venture Worthington has had with Samuel, Son & Co. since 2010. The transaction includes adding Worthington’s recently acquired Heidtman Cleveland facility to the joint venture, which also has facilities in Cleveland and...

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