Harsco Awarded New $55 Million Contract for Steel Mill Services in Italy
March 09 2012 - 3:10PM
Global industrial services and engineered products company Harsco
Corporation (NYSE:HSC) announced today a new six-year contract for
steel mill services in Italy valued in excess of $55 million over
its duration at anticipated production levels.
The award from Alfa Acciai Group, one of Italy's largest
Electric Arc Furnace (EAF) steel producers, addresses the areas of
onsite scrap and slag yard management at Alfa's steel mill in the
northern Italy industrial city of Brescia. Harsco will develop and
manage a new scrap yard for the mill and provide services for the
processing of the mill's EAF slag. Under investments being led
by Alfa Acciai together with Harsco to enhance productivity and
environmental sustainability, the new operations will replace older
equipment with new slag handling carriers, an advanced weighing
system and new GPS detection systems aimed at full control of the
slag transport and scrap yard management processes. Operations
are expected to be completed and underway by the end of this
year.
Alfa Acciai is a new location for Harsco, strategically situated
within hours of the Italy-region head office of Harsco's global
Harsco Metals & Minerals business group. The mill produces
a wide range of reinforced steel bars and has developed process
innovations to give its products special mechanical features,
including high ductility, a quality considered indispensable for
steel used in seismic areas. Alfa Acciai is also recognized as
a leader in social and environmental responsibility.
"We are honored by our selection by this important customer and
the opportunity it provides to deliver meaningful, long-term
value," said Galdino J. Claro, Executive Vice President and CEO of
the Harsco Metals & Minerals group.
Harsco Corporation is a diversified global industrial company
delivering essential services, products and resource recovery
solutions to major industries that are fundamental to global
economic progress and infrastructure development. 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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