HARRISBURG, Pa., Feb. 22, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today that its industry-leading MultiServ mill services division has been awarded three new international contracts having a combined total value of more than $18 million over their duration.
MultiServ will expand its 11-year service relationship at the EZDK steelworks in Alexandria, Egypt under a new six-year scrap management contract that awards MultiServ additional responsibilities for the handling and processing of incoming scrap materials used by the mill in the production of new steel. EZDK is Egypt's leading steel producer, serving markets throughout the Middle East region with a range of long products including construction rebar.
In the west of France, MultiServ has been awarded a new three-year contract to provide packaging services at Arcelor Mittal Packaging's Basse Indre plant near Nantes, a leading producer of steel for the food and beverage container industry. MultiServ's contract, which includes coil packaging, plate packaging and packaging consumables preparation, replaces a previous competitor and mirrors similar MultiServ operations at two other Arcelor Mittal Packaging steel plants in France's north and east, at Mardyck and Florange.
MultiServ has also been awarded a two-year expansion of its services to the LME Valenciennes Beltrame Group mill in the north of France, taking on additional responsibilities for scrap shearing and meltshop clean-up. MultiServ has been providing the LME mill with a range of core services since 2003.
The new contracts reflect Harsco's continuing global opportunities for expanding services to existing customers as well as serving additional new customers. Harsco's long-term mill service contracts to the global steel and metals industries totaled $4.4 billion in projected revenue value at year-end 2006, the highest level in Company history.
Harsco Corporation is a leading diversified industrial services company serving major customers around the globe in the steel and metals, non-residential construction, energy and railway industries. The Company posted 2006 revenues of $3.4 billion and employs approximately 21,500 people worldwide. 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.
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