Harsco Receives New Industrial Sector Orders in The Netherlands Totaling $9 Million
January 14 2011 - 9:26AM
Worldwide industrial services and engineered products company
Harsco Corporation (NYSE:HSC) announced today two new industrial
sector orders for its Harsco Infrastructure group totaling an
estimated $9 million, reaffirming the group's growing strategic
emphasis on the worldwide industrial construction and plant
maintenance sectors.
The new orders call for Harsco to provide insulation services
for a new desulfurization plant now under construction at the
massive Shell Pernis refinery in The Netherlands, where Harsco is
also providing the access scaffolding during plant
construction. The new plant will produce ultra-low-sulfur fuel
in accordance with the latest European environmental standards,
significantly increasing the site's production capacity for clean
diesel fuel and heating oil. Construction is expected to be
completed by the end of this year. The new order furthers
Harsco's ongoing role at the Shell Pernis plant, where Harsco has
been providing dedicated onsite scaffolding, insulation and
painting services for the past several decades. Shell Pernis
ranks as the largest refinery in Europe and also one of the world's
largest.
Harsco has also secured an order to supply scaffolding and
insulation services for the construction of 15 new commercial
storage tanks this year at the Vopak terminal in Vlaardingen, The
Netherlands. The facility is one of the largest in the world
dedicated to the handling and storage of oleochemicals and
vegetable oils, a key component in the making of biofuels and other
uses.
Announcing the awards, Harsco Executive VP and Infrastructure
Group CEO Ivor Harrington said, "These latest orders highlight the
strategies we now have in place to expand our role in large-scale
industrial and infrastructure sector projects, where we see solid
opportunity to better leverage our footprint, technical expertise
and asset base to deliver improved performance."
Harsco Corporation is one of the world's leading diversified
industrial services and engineered products companies, serving key
industries that play a fundamental role in worldwide economic
growth including metals, infrastructure, 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: Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
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