HARRISBURG, Pa., June 5, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its first-ever contract in the UK with worldwide industrial giant Saudi Basic Industries Corporation (SABIC), already a significant Harsco customer at other industrial locations in The Netherlands and Saudi Arabia.
SABIC is one of the world's leading manufacturers of chemicals, fertilizers, plastics and metals, and ranks as the largest non-oil company in the Middle East. Harsco's contract, valued at close to $2.4 million over its duration, calls for the Company to provide a range of scaffolding equipment and erection and dismantling services to SABIC's Butadiene 3 plant at Wilton on Teesside. Work is scheduled to begin this month and continue into next year. Harsco's equipment will support the refurbishment of five processing columns that are scheduled to undergo repainting and receive new insulation in preparation for a scheduled plant overhaul during quarter one next year. SABIC acquired the Teesside petrochemicals operations in December 2006. The plant Harsco will be working on produces butadiene, which is used in the production of synthetic rubber. Harsco looks forward to developing a closer working relationship with the SABIC UK team during this period, leading to future opportunities on other plant projects.
Announcing the award, Harsco Chairman and CEO Salvatore D. Fazzolari said, "We have been emphasizing our Harsco Infrastructure group's diversity and counter-cyclical opportunities in the industrial maintenance sector, and this contract is an excellent example. It illustrates our continuing strategies and success for increasing Harsco's market share in this sector by delivering world-class service and value to the world's leading industrial firms."
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and progress. The Company employs approximately 20,000 people in 50 countries of operation. 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 Harsco's new website at www.harsco.com.
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