Harsco Metals Division to Expand Services in France Under New Contracts Totaling $10 Million
July 22 2011 - 4:53PM
Worldwide industrial solutions and engineered products company
Harsco Corporation (NYSE:HSC) announced today it has been awarded
two multi-year contracts in France that will expand its logistics
and handling services to two leading steel industry customers and
generate new revenues estimated at $10 million over their duration.
The first contract expands Harsco Metals' 30-year relationship
with ArcelorMittal at its Fos-sur-Mer facility to add new services
for the handling and packaging of finished products previously
performed by a competitor. Harsco already performs handling and
packaging at ArcelorMittal's Mardyck and Florange facilities, and
sent an experienced site manager to Fos-sur-Mer to manage this new
contract. Work under the three-year contract is now underway,
adding to Harsco's ongoing contract services which includes lag
management and metal recovery, briquetting and pelletizing of the
mill's by-products for production re-use, as well as ship loading
and unloading.
Under the second contract, Harsco is extending its expertise in
steel mill materials handling, winning a five-year contract at the
ASCOMETAL facility in Fos-sur-Mer, where Harsco also has a 30-year
relationship. The new contract expands Harsco's role to
include the onsite transport and loading for expedition of
semi-finished materials throughout various mill
operations. Work has also begun on this contract.
"At the ArcelorMittal site, winning this contract required
strong quality control and committed management," said Galdino J.
Claro, Executive Vice President and Group CEO for Harsco Metals and
Harsco Minerals. "Our willingness to bring an experienced site
manager from the Dunkirk/Mardyck site to Fos-sur-Mer showed we can
export best practices and immediately improve service. At the
ASCOMETAL site, our agility, reliability and commitment to
collaboration in delivering quality services during the worldwide
downturn showed our customer we can excel under the toughest
economic conditions. That collaborative spirit won us this new
logistics contract."
Harsco Corporation is a global solutions company serving major
industries that are fundamental to worldwide 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
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