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
E-mail: cmlyttle@WorthingtonIndustries.com
or
Sonya
L. Higginbotham, 614-438-7391
Director, Corporate Communications
E-mail:
slhiggin@WorthingtonIndustries.com