HARRISBURG, Pa., Sept. 8, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its MultiServ mill services division has been awarded a new five-year contract valued in excess of $10 million over its term for a range of on-site mill services at the Sidenor Group's Reinosa steel works in northern Spain.
The contract, MultiServ's first at this facility, strengthens MultiServ's worldwide relationship with the Spain-based Sidenor Group, one of Europe's leading specialty steel forging and casting companies. With the addition of the Reinosa works, MultiServ now supports all of the Sidenor Group's steel-producing facilities throughout Spain and Brazil.
MultiServ will take over on-site responsibility for slag pot carrying services, metal recovery, and various logistic services that include the internal transport of scrap and semi-finished products in support of the mill's production operations. The Reinosa mill produces specialty steels and products for the automotive industry. The contract is expected to generate positive Economic Value Added (EVA(r)) benefit for Harsco from its first year of operation. Work under the contract is now underway.
MultiServ provides the world's leading steel companies with a comprehensive range of services that support the entire steelmaking process, including integrated materials handling, semi-finished and finished product management, and by-product recovery and recycling. Similar services are provided to the makers of aluminum, copper and other metals. The division operates at more than 160 mills in more than 30 countries, making it the world's single largest provider of on-site, outsourced mill services to the steel and metals industries.
Harsco Corporation is a diversified, worldwide industrial services and products company with annual sales in excess of $2 billion. Harsco's market-leading businesses provide mill services, access services, gas technologies, and engineered products and services to major industries around the globe. The Company employs 18,000 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco, including its MultiServ division, can be found at http://www.harsco.com.
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