Worthington Industries
From Wikipedia, the free encyclopedia
| Worthington Industries, Inc. | |
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| Type | Public |
|---|---|
| Founded | 1955 (Columbus, Ohio) |
| Headquarters | Columbus, Ohio |
| Key people | John P. McConnell, Chairman & CEO John S. Christie, President & CFO John H. McConnell, Founder |
| Products | Steel |
| Employees | 8,000 |
| Website | www.worthingtonindustries.com |
Worthington Industries, Inc. NYSE: WOR is a leading diversified metal processing company with annual sales of approximately $3 billion. Based in Columbus, Ohio, the company is North America's premier value-added steel processor and a leader in manufactured metal products such as metal framing, pressure cylinders, automotive past model service stampings, metal ceiling grid systems, steel pallets and laser welded blanks. Worthington employes more than 8,000 people and operates 63 facilities in 10 countries.
Worthington Industries has three primary business units (steel processing, metal framing and pressure cylinders) and several joint ventures that complement its focus on metals-related markets. Its divisions and joint ventures include:
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- Worthington Steel
- Dietrich Metal Framing
- Worthington Cylinders
- Worthington SteelPac
- Gerstenslager Company
- Worthington Integrated Building Systems
- Worthington Machine Technology
- Aegis Metal Framing
- Spartan Steel Coating
- Tailor Welded Blanks (TWB Company)
- Viking & Worthington Steel Enterprise
- Worthington Armstrong Venture
- Worthington Specialty Processing
- Accelerated Building Technologies, a Dietrich-Nova Chemicals JV
Fortune Magazine has listed Worthington Industries as one of the 100 Best Companies to Work For three times, most recently in 2006, it has been ranked in Fortune's Most Admired list and it was ranked number 603 in the 2006 Fortune 1000 list. The company operates under a long-standing corporate philosophy rooted in the golden rule, with earning money for its shareholders as the first corporate goal.
Worthington Industries was founded in 1955 by John H. McConnell, who purchased his first load of steel by borrowing $600 against his 1952 Oldsmobile.
OUR PHILOSOPHY*** EARNINGS The first corporate goal for Worthington Industries is to earn money for its shareholders and increase the value of their investment. We believe that the best measurement of the accomplishment of our goal is consistent growth in earnings per share.
- OUR GOLDEN RULE
We treat our customers, employees, investors and suppliers, as we would like to be treated.
- PEOPLE
We are dedicated to the belief that people are our most important asset. We believe people respond to recognition, opportunity to grow and fair compensation. We believe that compensation should be directly related to job performance and therefore use incentives, profit sharing or otherwise, in every possible situation. From employees we expect an honest day’s work for an honest day’s pay. We believe in the philosophy of continued employment for all Worthington people. In filling job openings every effort is expended to find candidates within Worthington, its divisions or subsidiaries.
- CUSTOMERS
Without the customer and their need for our products and services we have nothing. We will exert every effort to see that the customer’s quality and service requirements are met. Once a commitment is made to a customer, every effort is made to fulfill that obligation.
- SUPPLIERS
We cannot operate profitably without those who supply the quality materials we need. We ask that suppliers be competitive in the marketplace with regard to quality, pricing, delivery and volume purchased. We are a loyal customer to suppliers who meet our quality and service requirements through all market conditions.
- ORGANIZATION
We believe in a divisionalized organizational structure with responsibility for performance resting with the head of each operation. All managers are given the operating latitude and authority to accomplish their responsibilities within our corporate goals and objectives. In keeping with this philosophy, we do not create excessive corporate procedures. If procedures are necessary within a particular company operation, that manager creates them. We believe in a small corporate staff and support group to service the needs of our shareholders and operating units as requested.
- COMMUNICATION
We communicate through every possible channel with our customers, employees, shareholders, suppliers and financial community.
- CITIZENSHIP
Worthington Industries practices good citizenship at all levels. We conduct our business in a professional and ethical manner. We encourage all our people to actively participate in community affairs. We support worthwhile community causes.
