Worthington in joint venture to produce cold-rolled strip

Oct 01, 2013 | 02:48 PM | Corinna Petry

Tags  Worthington Industries, Nisshin Steel, Marubeni-Itochu Steel, MISI, Chinese joint venture, cold-rolled strip, Geoff Gilmore, Clarkwestern Dietrich Building Systems Corinna Petry

CHICAGO — Worthington Industries Inc. has reached an agreement to participate in a joint venture near Shanghai to produce cold-rolled strip steel primarily for the automotive industry.

The steel processor and distributor will join Tokyo-based Nisshin Steel Co. Ltd. and Marubeni-Itochu Steel Inc. (MISI) in the joint venture, to be called Zhejiang Nisshin Worthington Precision Specialty Steel Co. Ltd. Columbus, Ohio-based Worthington will own a 10-percent stake in the....

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