Worthington Steel Joint Venture, TWB Company, Signs Licensing Agreement with ArcelorMittal Tailored Blanks for Patented Ablation Technology
Worthington Steel, Inc. Common Shares (WS)
Company Research
Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) announced today that its tailor welded blanking joint venture, TWB Company, LLC (TWB), has signed a licensing agreement with ArcelorMittal Tailored Blanks for use of its patented ablation technology in the production of hot formed tailored blanks. This technology expands TWB’s hot formed tailored blanking capabilities in North America. Along with this agreement, TWB plans to install a fully automated ablation line at its Monroe, Michigan, facility.“We’re excited to be one of two companies in North America to offer ablation technology and hot formed tailored blanks to our customers,” said Worthington Steel president and CEO Geoff Gilmore. “As one of the fastest growing segments in the tailored blank market, this innovative technology allows for welding of advanced high-strength steel, enhancing strength, crash performance and reducing weight for automotive applications.”Specifically, the ablation process allows for
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WS
Earnings
- 3/21/24 - Beat
WS
Sec Filings
- 4/25/24 - Form 144
- 4/12/24 - Form 10-Q
- 4/10/24 - Form SC
- WS's page on the SEC website