Joint Ventures
A key part of Worthington's focus on steel and metals-related businesses, our seven joint ventures contribute through earnings growth, geographic expansion and product diversity. We have established joint ventures that enable us to enter new markets while sharing resources, operating expenses and risk.
LEFCO Worthington
LEFCO Worthington is a joint venture between Worthington Steelpac Systems and LEFCO Industries, a minority business enterprise (MBE). Located in Cleveland, Ohio, the company manufactures engineered wooden crates, specialty pallets and steel racking systems.
Serviacero Worthington
Serviacero Worthington, a Worthington Industries-Serviacero Planos joint venture, was formed in 2007 and operates two steel service centers in central Mexico.
Spartan Steel Coating
Spartan Steel Coating is a joint venture with Severstal North America. Located in Monroe, Michigan, Spartan is capable of producing 450,000 tons annually of light gauge hot-dipped galvanized steel, primarily for value-added automotive applications. It is intended that approximately 80 percent of Spartan's production will be toll processed for Severstal. With its focus on coating light gauge cold-rolled steel, Spartan complements the galvanizing expertise at Worthington's Delta facility, which galvanizes hot-rolled steel.
Tailor Welded Blanks (TWB Company)
TWB Company in Monroe, Mich., Columbus, Ind. and Ramos Arizpe and Hermosillo, Mexico, is a joint venture with Thyssen-Krupp Stahl that produces laser welded blanks for the automotive industry. Laser welding technology enables TWB to fuse steel shapes of different sizes, thicknesses, grades, and coatings into a single, flat steel blank. Automakers use TWB's products to create lighter, stronger, and less costly metal components, such as inner door panels, interior body frames and side rails.
Worthington Armstrong Venture (WAVE)
Worthington Armstrong Venture (WAVE), a joint venture of Worthington and Armstrong World Industries, has established worldwide leadership in production of suspended ceiling systems. WAVE produces metal ceiling grids that can be combined with Armstrong ceiling boards as a complete package or sold individually.
Worthington Specialty Processing (WSP)
Worthington Specialty Processing (WSP), a partnership with U.S. Steel, toll processes more than 750,000 tons of wide sheet steel annually for the auto industry. Worthington's first joint venture, established in 1986, WSP has three facilities in Jackson, Canton, and Taylor Michigan.
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