Worthington Industries Announces Price Increase on Steel Cylinders and Heating and System Tanks
COLUMBUS, Ohio—March 12, 2021—Worthington Industries (NYSE:WOR) today announced a price increase on the following steel cylinders effective on all new orders shipping on or after May 1, 2021, or as contracts allow.
Prices on all heating and system tanks will advance 5-15 percent.
Prices on all steel portable, industrial cutting gas and all refrigerant refillable and recovery cylinders will advance 8 percent.
“As raw materials and other market conditions continue to drive up our costs, we are forced to make adjustments,” said Jimmy Bowes, general manager of the industrial products business for Worthington Industries. “We remain dedicated to meeting the needs of our customers and our country during these challenging times.”
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®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™. Worthington’s WAVE joint venture with Armstrong is the North American leader in innovative ceiling solutions.
Headquartered in Columbus, Ohio, Worthington operates 51 facilities in 15 states and seven 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.