Worthington Industries (WOR) Announces Agreement to Supply Composite Hydrogen Cylinders to Teijin Engineering to be Used on Hydrogen Fuel Cell Vehicle Worthington Industries, Inc. (NYSE: WOR) announced today that its Alternative Fuels business has signed a multi-year contract with Teijin Engineering to supply Type 3, composite hydrogen cylinders to a major Japanese automotive OEM, to be used on a new hydrogen fuel cell vehicle. This exclusive agreement with Teijin Engineering of Osaka, Japan, will be to supply cylinders for automobiles in the Japanese market in early 2016 and later in the U.S. "As a leader in onboard fuel storage technology, our proprietary design and manufacturing processes for hydrogen (H2) storage enabled us to be the first manufacturer of 10,000 PSI, Type 3 composite cylinders with UN-GRT heavy-duty testing approvals," said Wayne Powers, general manager of Worthington Industries' Alternative Fuels business. "This agreement is for approximately 5,000 vehicles over the life of the five-year agreement, with two of our cylinders in each, and will require expanding the space and manufacturing capabilities in our Pomona, Calif. facility. Worthington has been doing business in Japan with Teijin Engineering for more than 20 years and is excited to be working with them on this latest project."
Yesterday, Worthington Industries announced that it has signed a multi-year contract with Osaka-based Teijin Engineering to supply composite hydrogen cylinders to major Japanese automotive, OEM, which will be used in a new hydrogen fuel cell vehicle. This exclusive agreement with Teijin Engineering is apparently to supply the cylinders for automobiles in the Japanese market in early 2016 and later in the US.