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Serviacero Worthington Opens New Facility in Northern Mexico


COLUMBUS, Ohio--(BUSINESS WIRE)--Aug. 19, 2009-- Worthington Industries, Inc. (NYSE: WOR) today announced that its joint venture, Serviacero Worthington, completed phase one of its greenfield steel processing facility, located in the Monterrey region in Escobedo, Mexico. In addition to the Monterrey facility in northern Mexico, Serviacero Worthington has steel processing facilities in central Mexico in Leon and Queretaro.

Phase one of the Monterrey greenfield is a 65,000 square foot facility with rail access and includes a 72” x ¼” slitting line and automated packaging line. Phase two is expected to include a cut-to-length line. The facility will employ approximately 20 in phase one.

“The new Monterrey facility allows us to more efficiently service the increasing number of customers with current and expanding operations in northern Mexico,” stated Benjamin Zermeño, general manager of Serviacero Worthington. “With the addition of this facility, we are the only steel service center with locations in both north and central Mexico.”

Serviacero Worthington is a 50 percent-owned joint venture between the Serviacero Group and The Worthington Steel Company. Serviacero Worthington has three facilities in Mexico and offers services such as slitting, multi-blanking and cutting-to-length to customers in a variety of industries including automotive, appliance, electronics and heavy equipment.

Founded in 1966 and with 16 facilities in eight Mexican states, Serviacero Group is one of the largest distributors and processors of steel in Mexico. The Serviacero Group serves a variety of construction and metal-related industries through its three divisions: Serviacero Comercial, Serviacero Especiales and the Serviacero Worthington joint venture.

Worthington Steel, a Worthington Industries company, is one of America’s largest independent steel processors of flat-rolled steel. Operating 14 facilities across North America, the company offers the widest range of services in the industry, including acrylic coating, cleaning, cold-rolling, configured blanking, cutting-to-length, dry lubricating, edging, galvannealing, hot-dipped galvanizing, hydrogen annealing, pickling, slitting, temper rolling and tension leveling.

Worthington Industries is a leading diversified metal processing company with annual sales of approximately $2.6 billion. The Columbus, Ohio based company is North America’s premier value-added steel processor and a leader in manufactured metal products such as light gauge steel framing for commercial and residential construction; framing systems and stairs for mid-rise buildings; pressure cylinder products such as propane, oxygen and helium tanks, hand torches, camping cylinders, and scuba tanks; current and past model automotive service stampings; metal ceiling grid systems; steel pallets and racks; and laser welded blanks. Worthington employs approximately 6,400 people and operates 61 facilities in 10 countries.

Safe Harbor Statement

The company wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 ("the Act"). Statements by the company which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks described from time to time in the company's filings with the Securities and Exchange Commission.

Source: Worthington Industries, Inc.

Worthington Industries
Cathy M. Lyttle, 614-438-3077
VP, Corporate Communications and Investor Relations
Sonya L. Higginbotham, 614-438-7391
Director, Corporate Communications

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