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July 31, 2020

Worthington’s Tailor Welded Blanking Joint Venture Recognized by General Motors as a 2019 Supplier of the Year

COLUMBUS, OH – July 31, 2020 – TWB Company, LLC, Worthington Industries (NYSE:WOR) tailor welded blanking joint venture, was named a GM Supplier of the Year by General Motors for the second consecutive year. GM recognized TWB’s facility in Cambridge, Ontario, with the GM Supplier Quality Excellence Award for demonstrating consistent quality performance throughout the year.

This award is given to specific top performing supplier manufacturing locations who have met or exceeded a very stringent set of quality performance criteria and have achieved the cross-functional support of the entire GM organization.

In a letter sent to TWB announcing the recognition, Richard Demuynck, executive director, Global Supplier Quality & Development for GM, stated, “General Motors’ mission is to design, build and sell the world’s best vehicles with the highest levels of quality and safety on the road. Achieving this mission depends largely on the quality of the parts you produce day in and day out. We know that maintaining a focus on the details to deliver defect-free product to our assembly plants consistently is not an easy task, so much that only a fraction of our suppliers has earned this prestigious recognition. You are a critical part of the team who helps ensure the customer is delighted with their product purchase and we want to recognize and thank you for that."

“To receive this award for two consecutive years speaks volumes about the exceptional work of our people,” said Brad Ranly, General Manager US & Canada for TWB. “Our employees are dedicated to quality and are proud to be recognized as one of the best out of more than 4,500 GM direct suppliers.”
 
About TWB Company
TWB is North America’s market leader for tailor welded products with nine locations in Kentucky, Michigan, Tennessee, Ontario and Mexico. Formed in 1992, TWB Company is a joint venture between Worthington Steel and BAOSteel, who merged with Wuhan Iron and Steel Company in 2017. Worthington Industries holds majority ownership and its financial results are consolidated within Worthington’s Steel Processing business segment. More information about TWB can be found at www.TWBCompany.com.

About Worthington Industries
Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company delivering innovative solutions to customers that span many industries including transportation, construction, industrial, agriculture, retail and energy. Worthington is North America’s premier value-added steel processor and producer of laser welded products; and a leading global supplier of pressure cylinders and accessories for applications such as fuel storage, water systems, outdoor living, tools and celebrations. The Company’s brands, primarily sold in retail stores, include Coleman®, Bernzomatic®, Balloon Time®, Mag Torch® and Well-X-Trol®. Worthington’s WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions.

Headquartered in Columbus, Ohio, Worthington operates 53 facilities in 15 states and six countries, sells into over 90 countries and employs approximately 7,500 people. Founded in 1955, the Company follows a people-first philosophy with earning money for its shareholders as its first corporate goal. Relentlessly finding new ways to drive progress and practicing a shared commitment to transformation, Worthington makes better solutions possible for customers, employees, shareholders and communities. 

About General Motors
General Motors (NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the  ChevroletBuickGMCCadillacHoldenBaojun, and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at http://www.gm.com.

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, uncertainties and impacts described from time to time in the Company's filings with the Securities and Exchange Commission, including those related to COVID-19 and the various actions taken in connection therewith, which could also heighten other risks.