April 01, 2019

Worthington Industries Announces Price Increase on North American Composite Cylinder Products

COLUMBUS, Ohio — April 1, 2019 — Worthington Industries (NYSE:WOR) today announced a price increase on all North American composite cylinder products. Price increases are effective on orders placed on or after April 1, 2019, or as contracts allow. “Increasing costs associated with changing global market dynamics have required us to make adjustments to offset these inflationary pressures,” said Ryan Murry, director of North America High Pressure for Worthington Industries.

About Worthington Industries
Worthington Industries is a leading global diversified metals manufacturing company with 2018 fiscal year net sales of $3.6 billion. Headquartered in Columbus, Ohio, Worthington is North America’s premier value-added steel processor providing customers with wide ranging capabilities, products and services for a variety of markets including automotive, construction and agriculture; a global leader in manufacturing pressure cylinders for propane, refrigerant and industrial gasses and cryogenic applications, water well tanks for commercial and residential uses, CNG and LNG storage, transportation and alternative fuel tanks, oil & gas equipment, and consumer products for camping, grilling, hand torch solutions and helium balloon kits; and a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington employs approximately 12,000 people and operates 81 facilities in 11 countries.