Harsco Receives Japan and North America Railway Equipment Orders Totaling $13 Million
August 22 2011 - 12:38PM
Worldwide industrial solutions company Harsco Corporation
(NYSE:HSC) announced today new orders for railway track maintenance
equipment totaling more than $13 million from customers in Japan
and North America.
The Japan order calls for Harsco's 20-stone rail grinder
configuration, a self-propelled track maintenance unit that will be
used to maintain rail surfaces and rail-to-wheel contours on the
high-volume Shinzai and Shinkansen lines operated by the East
Japan Railway Company, JR East. Delivery of the unit is
scheduled for the second half of 2012.
The orders from North America will support railway track
maintenance requirements for a range of customers and include a
number of machine types, including ballast tampers and a new-design
tie anchor unit. Deliveries are expected to be completed by
the end of this year. All of the units will be built at Harsco
Rail's US production facilities.
"As these orders reconfirm, we continue to see an especially
active bidding market virtually across the world for our
specialized rail equipment," said Harsco Chairman, President and
CEO Salvatore D. Fazzolari. "The solid geographic base we have
built is a key part of our continuing optimism for this business
and its prospects for long-term growth." Harsco Rail is one of
the world's foremost developers and producers of equipment for the
maintenance and construction of railway track. The division's
ongoing production backlog includes its largest order ever,
involving rail grinders for China, in addition to serving customers
throughout North and South America, Europe and other parts of the
world.
Harsco Corporation provides engineered industrial and
environmental solutions to major industries fundamental to
worldwide infrastructure development and economic growth, including
steel and metals, construction, 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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