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Stock Market & Financial Investment News

News Breaks
December 11, 2013
13:14 EDTWORWorthington to close Baltimore steel facility
Worthington disclosed in a regulatory filing that on December 10, the company's steel processing segment announced to its employees that its Baltimore steel facility will be closing by the end of its fiscal year, or May 31, 2014. The company said it has concluded that it can more efficiently service its customers in the Mid-Atlantic Region from other Worthington facilities and processing partners, and believes it will retain most of the business. The company does not expect the net effect from the wind down and closure of the Baltimore facility to have a material impact on its financial position or results of operation.
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