Through its North American affiliate, Marubeni-Itochu Steel America Inc. (MISA), Marubeni-Itochu Steel Inc. announced that it has finished buying the last Worthington Specialty Processing facility in Jackson, Michigan. MISA Specialty Processing, Inc. will be the new name of the Jackson plant.
A 51-49 percent joint venture between Worthington Industries and United States Steel Corporation is called Worthington Specialty Processing.
The purchase is a component of MISI's plan to increase its steel processing capacity in order to better serve clients in the North American automotive sector.
Through Worthington Industries' joint venture for ClarkDietrich construction goods, MISI already collaborates with the firm in the United States.
Through the joint venture for ClarkDietrich construction goods, MISI already collaborates with Worthington Industries in the United States.
The primary value-added steel processor in North America is Worthington, which also manufactures electrical steel laminations, laser welded solutions, and safety-critical and emission-reducing components for the mobility sector.
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