Friday, 13 May 2022

Worthington Industries Acquires German Valve and Component

Worthington Industries Acquires German Valve and Component

Worthington is adding products that are adjacent to its core pressure cylinders business, providing more comprehensive systems for the storage, transport and use of alternative fuels like hydrogen and CNG. The Company’s strategy is to be a leading solutions provider in the rapidly growing hydrogen economy, particularly in Europe where strict, mandated emissions reductions are accelerating growth. In addition to the Company’s existing composite cylinder production facility in Poland, to meet projected demand, the Company has also constructed a type III and IV hydrogen cylinders production line at its facility in Kienberg, Austria.

 



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