Harsco's Infrastructure Group Expands Peruvian Operations to Support Anticipated Market Growth
October 20 2011 - 9:14AM
Global industrial solutions company Harsco Corporation (NYSE:HSC)
announced today the expansion of its Harsco Infrastructure branch
operations in Peru with the opening of new and enlarged facilities
in Lima, Peru's largest city and capital. The expanded facilities
will enhance Harsco's rental forming, shoring and scaffolding
equipment and installation services to major civil construction and
industrial maintenance projects throughout the region.
The move to larger facilities follows three years of steady
revenue growth since Harsco's market entry into Peru at the
beginning of 2009. Industry analysts are projecting further
growth in Peru's construction sector in the range of 8-9 percent
for 2012. "The investments being made by emerging markets in
basic infrastructure expansion and modernization are an
increasingly important part of Harsco's long-term focus," said
Executive VP and Infrastructure Group CEO Ivor J.
Harrington.
Since its arrival into the market, Harsco has participated in
some of Peru's largest and most prestigious construction projects,
including two regional hospitals in Lambayeque and Ica; several
office buildings including the Platinum Plaza, Peru's first "green"
office building; and the construction of 13 bus stations for Lima's
mass transit system. Harsco is currently supporting the
construction of the new Mall Aventura Plaza Santa Anita and the new
Wong supermarket in Miraflores, and anticipates further work
beginning in January 2012 on the Real Plaza San Borja shopping
mall. These latest projects alone are expected to generate new
revenues of close to $1 million through the end of 2011 and into
2012, in addition to other ongoing and anticipated work.
The new location encompasses more than 10,000 square meters
(approximately 100,000 square feet) of space and is fully equipped
to support both the construction and industrial maintenance markets
with a wide selection of Harsco forming, shoring and scaffolding
products, including Rasto forming systems for poured concrete
structures; Topflex and GASS shoring; Cuplok scaffolding; and
Protecto site protection equipment.
Harsco Corporation is a diversified global solutions company
serving industries that are 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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