Harsco Receives New Railway Equipment Orders for 2012 Production Totaling $13 Million
October 25 2011 - 10:15AM
Worldwide industrial solutions company Harsco Corporation
(NYSE:HSC) announced today new orders for railway track maintenance
equipment from New Zealand and North America that are expected to
generate new revenues of more than $13 million and add to Harsco
Rail's production and delivery order book for 2012.
The New Zealand order comes from KiwiRail, that country's
national rail operator, and calls for three consists, each made up
of a Harsco tamper and ballast regulator. The Tampers are Harsco
Mark VI machines, designed for mainline and switch tamping. The
Mark VI for KiwiRail includes such features as four driving axles,
front and rear operator cabins and the ability to travel while
coupled to the ballast regulator. This allows the two machines to
be operated as a train, thereby improving mobility throughout the
system and greatly improving safety. Ballast Regulators follow the
tamping process to restore the correct ballast profile, which is
important for the lateral and longitudinal stability of the newly
tamped track.
According to Harsco Rail's Surfacing Product Manager, Allen
Branham, the KiwiRail order marks the first tamper/ballast
regulator pairing to utilize Harsco's proprietary Jupiter Control
System in both units. Designed and developed by Harsco Rail, the
Jupiter system uses a network of input/output modules positioned
throughout the machine to provide the operator with real-time
display screen control and monitoring of key operating systems
along with onboard diagnostics to minimize maintenance and
downtime. Jupiter will also enable the two-unit consist to be
driven from either machine.
The KiwiRail Ballast Regulators will be produced at Harsco
Rail's Queensland, Australia plant, continuing a relationship of
more than 30 years between the Australian operation and this
customer, while the Mark VI Tampers will be produced at Harsco
Rail's Columbia, South Carolina headquarters plant. Deliveries are
scheduled for the second half of 2012.
Harsco has also received orders from North America that include
several tamper configurations for use by customers in a range of
short line, metro and industrial railroad applications. These
units, which will also be produced at the Columbia, South Carolina
plant, are scheduled for delivery principally in the first half of
2012, with one unit scheduled for delivery in the last quarter of
2012.
Announcing the orders, Harsco Rail President Scott W. Jacoby
said, "Our production pipeline continues to be built across a broad
cross-section of market geographies and customers, which is a
direct reflection of Harsco Rail's increasing global breadth and
scope. These orders also underscore the success of our product line
management approach to understanding global customer needs to drive
our product development. The pairing of Tampers and Ballast
Regulators into a single consist underpinned by our Jupiter system
is a perfect example of our ability to leverage our technology to
our customers' advantage." Harsco Rail is one of the world's
foremost developers and producers of equipment for the maintenance
and construction of railway track and serves major railway, short
line and urban transit system operators throughout 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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