Worthington Steel JV TWB Company, Signs Licensing Agreement With ArcelorMittal Tailored Blanks For Ablation Technology; TWB To Install Automated Ablation Line At Monroe, Michigan Facility.
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Worthington Steel's joint venture, TWB Company, has entered into a licensing agreement with ArcelorMittal Tailored Blanks to use its ablation technology. TWB plans to install an automated ablation line at its Monroe, Michigan facility.
March 13, 2024 | 8:02 pm
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Worthington Steel's JV, TWB Company, signs a licensing agreement with ArcelorMittal for ablation technology, indicating a strategic move to enhance its manufacturing capabilities.
The licensing agreement with ArcelorMittal allows TWB Company to enhance its manufacturing capabilities, which could lead to improved efficiency and product quality. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in Worthington Steel's stock price.
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