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
Harsco (NYSE:HSC)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Harsco Charts.
Harsco (NYSE:HSC)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Harsco Charts.