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Worthington Steel Announces Pickling Line for Mexico Operations

05/12/2011
Expansion of Serviacero Joint Venture in Monterrey

COLUMBUS, Ohio, May 12, 2011 (BUSINESS WIRE) --

Worthington Industries, Inc. (NYSE: WOR) announced today that its Worthington Steel joint venture with Serviacero will expand to include a pickling line in its Monterrey, Mexico facility. The expansion project will begin immediately.

"We are very pleased to get this expansion underway and begin to offer additional services to our customers in Mexico," said Chairman and CEO John P. McConnell. "This pickling line, combined with our five other pickling facilities, is a significant expansion of our position as one of the largest independent pickling networks in North America."

The 160,000 square foot expansion will have the capacity to process 500,000 tons per year for both tolling and direct customers. In addition to the Monterrey facility, the Serviacero Worthington, S.A. de C.V. joint venture also has locations in Leon and Queretaro.

About Worthington Steel
Worthington Steel, a Worthington Industries company, is one of America's largest independent processors of flat-rolled steel. Operating 19 facilities across the United States and Mexico, the company offers the widest range of services in the industry, including cold-rolling both carbon and stainless steel, configured blanking, cutting-to-length, cleaning and inspecting, acrylic coating, dry lubricating, edging, hot-dipped galvanizing and galvannealing, hydrogen annealing, pickling, slitting, temper rolling and tension leveling. Worthington Steel also has a technical team in its metallurgical laboratory equipped to assist customers on site and in product testing.

About Worthington Industries
Worthington Industries is a leading diversified metals manufacturing company with 2010 fiscal year sales of approximately $1.9 billion. The Columbus, Ohio based company is North America's premier value-added steel processor and a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand torches, refrigerant and industrial cylinders, camping cylinders, and scuba tanks; framing systems and stairs 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, compressed natural gas storage cylinders, light gauge steel framing for commercial and residential construction and current and past model automotive service stampings. Worthington employs approximately 7,000 people and operates 79 facilities in 11 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 relating to the formation of the joint venture and its expected strength, profitability, operations, benefits and opportunities, capabilities, services, and other non-historical matters constitute "forward-looking statements" within the meaning of the Act. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation: failure to reach definitive agreements; difficulties in integrating the businesses and achieving cost savings, and other expected benefits in the joint venture; demand, pricing, competition, and overall economic and business conditions in the construction industry, and those risks described from time to time in filings with the United States Securities and Exchange Commission.

SOURCE: Worthington Industries, Inc.

Worthington Industries, Inc.
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
or
www.WorthingtonIndustries.com

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