Steel Mills
November 19, 2013
Cryogenic Cylinders a Billion Dollar Market
Written by Sandy Williams
Worthington Industries is poised to take advantage of the natural gas boom through production of pressure cylinders and gas processing units. About a third of Worthington’s profits are derived from their pressure cylinder segment. Worthington has five Ohio facilities and, with proximity to the Marcellus and Utica shale plays, has begun the manufacture of cryogenic (stainless) tanks used for the storage and transportation of liquefied natural gas (LNG).
In September 2012, Worthington acquired Westerman Companies, a supplier of oil and gas separators, production units and related wellhead equipment and the only North American manufacturer of enriched uranium hexafluoride (UF6) storage and transportation cylinders for the nuclear industry. Westerman has production facilities in Bremen and Wooster, Ohio.
