Harsco Secures China Metro Orders for Rail Grinders Totaling $11 Million
November 11 2010 - 3:02PM
Worldwide industrial services and engineered products company
Harsco Corporation (NYSE:HSC) announced today its receipt of two
new railway equipment orders in China totaling close to $11
million.
The orders, both for major rapid transit system operators in
China, call for 20-stone rail grinders for delivery in 2011. The
units will be used to maintain rail profiles for smoother travel at
higher speeds and to remove rail surface defects, thus extending
rail life while reducing fuel consumption and operating
costs. Harsco Rail has developed a configuration expressly for
the metro market which includes fully integrated, on-board
diagnostics to simplify maintenance and minimize downtime in
high-volume rapid transit roles. The 20-stone designation
refers to the number of grinding heads, each of which can be
individually aligned to restore precise rail profiles.
The additional orders from China continue the broad U.S. and
international expansion of the Harsco Rail business as one of the
world's leading providers of equipment and service solutions for
total track maintenance. Current production includes its major
order from China's Ministry of Railways for more than 40 rail
grinders which extends into 2012, as well as additional orders from
U.S. and other international customers for rail grinders, the new
innovative drone tamper, and other track maintenance
systems. The Company also provides contract service support to
major U.S. and international rail operators and is pursuing
additional service and equipment bidding opportunities throughout
the world.
Harsco Corporation is a diversified industrial services company
serving global industries that are fundamental to worldwide
economic growth, including infrastructure, metals, railways and
energy. Harsco's common stock is a component of the S&P
MidCap 400 Index and the Russell 1000 Index. Additional
information can be found at www.harsco.com.
The Harsco Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=361
CONTACT: Harsco Corporation
Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
Harsco (NYSE:HSC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Harsco (NYSE:HSC)
Historical Stock Chart
From Sep 2023 to Sep 2024