Harsco Receives Multi-Year Contract at New Tata Steel Plant in India
May 09 2017 - 4:18PM
Harsco Corporation (NYSE:HSC) announced today a new Metals &
Minerals division contract to provide metal recovery and slag sales
services at an all-new steel mill now underway in India.
The multi-year contract, valued in excess of $25 million over
its duration, calls on Harsco to support the new, state-of-the-art
Tata Steel Kalinganagar works, a major integrated steel plant
producing high-end flat products for domestic and export
markets. Harsco will also be responsible for developing the
commercialization of slag in the region, a specialized service and
product discipline in which Harsco is the world leader. The
contract adds to Harsco’s growing multinational relationship with
Tata Steel.
Announcing the agreement, Harsco Metals & Minerals chief
operating officer Chris Whistler said, “By delivering exceptional
performance and pacesetting innovation, our aim is to build on this
award and become the preferred long-term partner for all of Tata’s
India operations.”
About Harsco’s Metals & Minerals
DivisionHarsco’s Metals & Minerals division is the
largest and most comprehensive provider of onsite material
processing and environmental services to the worldwide metals
industry. The division serves as a technology partner to
cleaner, more efficient metal production, providing customers with
effective solutions for converting production waste streams into
beneficial commercial use. Its operations span approximately
140 customer sites across more than 30 countries.
About Tata SteelTata Steel Group stands among
the top global steel companies with an annual crude steel capacity
of 28 million tonnes per annum (MTPA) and a turnover of US $17.69
billion in FY16. It is the world's second-most
geographically-diversified steel producer, with operations in 26
countries and a commercial presence in over 50 countries.
Established in 1907, the Group’s vision is to be the world steel
industry benchmark in “Value Creation” and “Corporate Citizenship”
through the excellence of its people, its innovative approach and
overall conduct. Underpinning this vision is a performance
culture committed to aspiration targets, safety and social
responsibility, continuous improvement, openness, and
transparency. Having received the Deming Application Prize
and Deming Grand Prize for continuous improvement in 2008 and 2012
respectively, Tata Steel Group has now been recognized as the
global industry leader in the steel category by the Dow Jones
Sustainability Index. Besides being one of the worldsteel
association’s Climate Change Action members, Tata Steel has also
been awarded the CII ITC Sustainability Prize, presented by the
CII – ITC Centre for Excellence for Sustainable
Development; the TIME India award-2016 for Best-in-Class
Manufacturing; the Prime Minister’s Trophy for the best performing
integrated steel plant, many times; as well as several other awards
and recognitions.
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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