Steel Mills
Worthington Industries to Close Wooster Facility
Written by Sandy Williams
February 13, 2020
Worthington Industries plans to close its manufacturing plant in Wooster, Ohio, this spring. The oil and gas equipment manufacturing operations will be consolidated into Worthington’s facility in Bremen, Ohio.
“We believe the consolidation of our manufacturing footprint in the East will enable us to better serve our customers and accelerate transformation efforts already under way to reduce costs and improve competitiveness,” said Jacob Garrett, general manager of the oil and gas business for Worthington. “These decisions that impact the lives of our employees are never taken lightly.”
The closing is expected to be completed by May 31, 2020, and will affect 122 employees. About half of the employees will have the opportunity to transfer to the Bremen facility.
The Wooster location makes pressurized cylinders for the oil and gas industries serving customers in the eastern U.S. The Bremen facility makes similar products and recently added a paint and blast facility. Both facilities were acquired during the purchase of the Westerman Companies in September 2012. The company also operates a facility in Tulsa, Okla., which serves oil and gas producers in the West.
Worthington financial results for second-quarter 2020, ending Nov. 30, 2019, were solid. The company reported net sales $827.6 million and net earnings of $52.1 million. Sales in the pressure cylinder segment were stable at $209.1 million, a 1 percent decline from the previous quarter.
During the earnings call, CEO John McConnell said, “The company is operating well, and we are optimistic about our momentum going forward.”
Worthington Industries, headquartered in Columbus, Ohio, operates 57 facilities in 15 states and six countries.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.
Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.
Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.
SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.
North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.