Harsco Extends Railway Track Maintenance Services in the UK Under $50 Million Contract
May 11 2011 - 3:07PM
Worldwide industrial services and engineered products company
Harsco Corporation (NYSE:HSC) announced today that its Harsco Rail
unit has received a significant four-year extension of its contract
services program in the UK under an award from Network Rail
estimated at more than $50 million over its duration.
The award continues Harsco's role as the exclusive contract
services provider to Network Rail for railway switch grinding
throughout the UK rail system. Rail grinding re-profiles railhead
contours for extended rail life and smoother operation, thus
reducing fuel consumption, operating costs and noise. Grinding also
corrects surface damage that could lead to rail fractures.
Under the UK program, Harsco Rail will operate and maintain a
dedicated fleet of up to five switch grinding units that perform
regular rail grinding of complex switch and crossing trackwork
across the UK, making it among the largest of Harsco Rail's
contract services programs worldwide. The division has been
providing railway track maintenance services to Network Rail and
its predecessor Railtrack since 1997. This latest award follows a
recently-completed competitive bidding program in which Harsco Rail
was assessed on quality, capability and cost. Rail grinding is
part of a comprehensive range of services and equipment that Harsco
Rail provides to customers worldwide for the repair, maintenance
and new construction of railway track.
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 global infrastructure
development and economic growth. 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
Harsco (NYSE:HSC)
Historical Stock Chart
From Apr 2024 to May 2024
Harsco (NYSE:HSC)
Historical Stock Chart
From May 2023 to May 2024