Harsco Rail Signs Contract with Saudi Railway Company
Harsco Corporation (NYSE: HSC) announced today that its rail
division has signed a nearly $31-million contract with Saudi
Railway Company (SAR) to provide it with a 60-stone rail grinder.
Additionally, to support the immediate needs of the customer,
Harsco Rail will provide two years of grinding services starting in
In demonstrating its commitment to SAR, a team of operators and
mechanics based in Saudi Arabia will operate a 20 stone machine and
handle all customer requests. Additionally, Harsco Rail will
establish a local warehouse for spares and consumables for all
customers in the region.
"Our continued relationship with the Saudi Arabia and Middle
Eastern markets is a significant milestone for us," said Claus
Heuschmid, Harsco Rail's Chief Operating Officer. "This contract
demonstrates Saudi Railway Company's confidence in Harsco Rail as a
valued supplier that delivers innovative and sustainable advanced
products. We look forward to a long relationship with SAR, and we
are very appreciative of the trust they have placed in us."
Harsco Rail's 60 stone grinder, which removes surface defects on
rails and re-profiles the railhead on both rails, is one of the
most technologically advanced grinders working today.
About Harsco Rail
Harsco Rail, a worldwide operating segment of Harsco
Corporation, is a technological and innovative global supplier of
railway track maintenance products and services. Harsco Rail
provides expert engineering, vehicles and equipment, innovative
technology, safety technology, dedicated parts and services,
contracting services, and quality maintenance from nine main
locations in the United States, the United Kingdom, Germany, India,
Brazil, China, and Australia. Additional information can be found
About Harsco Corporation
Harsco Corporation (NYSE: HSC) is a global market leader
providing environmental solutions for industrial and specialty
waste streams, and innovative technologies for the rail sector.
Based in Camp Hill, PA, the 12,000-employee company operates in
more than 30 countries. Harsco's common stock is a component of the
S&P SmallCap 600 Index and the Russell 2000 Index. Additional
information can be found at www.harsco.com.
About Saudi Railway Company
With Vision 2030 Saudi Arabia has ambitious plans to diversify
its economy. The transportation and logistics sectors are crucial
enablers and the backbone of this goal. The National Transportation
and Logistics Strategy therefore aims to transform the country into
a leading logistical hub for the entire region over the coming
years. To ensure progress, the railway sector has received a lot of
attention and seen substantial consolidation and re-organization
over the last years, with SAR becoming the single most relevant
corporation overlooking all operational activities of the railway
sector and driving its transformation.
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