February 01, 2019

Worthington Industries Announces Price Increase on Refrigerant Recovery and Refillable Cylinders

COLUMBUS, Ohio—Feb. 1, 2019—Worthington Industries (NYSE:WOR) today announced a price increase on all refrigerant recovery and refillable cylinders, sizes ranging from 30 to 1,000 pounds. Prices will advance 5 percent effective on all orders shipping on or after March 1, 2019, or as contracts allow.

“Increasing freight and conversion costs, as well as changing global market dynamics, have forced us to make adjustments to offset these inflationary pressures,” said Eric Smolenski, general manager of industrial products 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.