Harsco's Metals Group Renews Two Key Mexican Contracts Valued at More Than $225 Million
March 11 2011 - 1:21PM
Worldwide industrial services and engineered products company
Harsco Corporation (NYSE:HSC) announced today that its Harsco
Metals group has been awarded two key multi-year contract renewals
from one of Mexico's major steelmakers totaling more than $225
million in projected revenues.
The contracts, each close to ten years in duration and
reflecting new and expanded commercial terms, extend Harsco's
strong relationships with steelmaker Ternium México at Ternium's
two Monterrey operations, Guerrero and Apodaca. The sites represent
over 40 years of Harsco support at one location and more than 15
years at the other. Harsco Metals provides both mills with a
range of onsite scrap management, slag management, slag handling
and metal recovery services, as well as mineral and DRI (direct
reduced iron) handling services. A major producer of steel for
both the domestic and export markets, Ternium México is a unit of
Ternium S.A., one of the leading steel companies in Latin
America.
Announcing the contracts, Harsco Metals and Harsco Minerals
Group CEO Galdino Claro said, "These are substantial,
value-enhancing awards that reaffirm our long-term competitive
opportunities in this emerging market region. The Mexican
steel and metals sector is re-inventing itself with technical
advances, continued consolidation and increased
productivity. These objectives align well with our Harsco
business model for innovation and technical leadership, and our
overall strategies for further expansion within the world's
developing economies."
Harsco Corporation serves key industries that play a fundamental
role in global infrastructure development, including construction,
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: 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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