HARRISBURG, Pa., June 11, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that its Huennebeck access services division has received three new contracts totaling more than $4.5 million to supply rental concrete-forming equipment systems for major construction projects in Germany and the Middle East.
Huennebeck has been selected to handle the pre-installation engineering as well as coordination of rental formwork supplies and materials for a new 675 megawatt power plant being built for Vattenfall Europe at Boxberg, in the Saxony region of eastern Germany. The project, Huennebeck's largest construction site in Germany at the present time, will result in a new lignite-fired plant equipped with state-of-the-art environmental systems to support Germany's growing energy requirements. Approximately one-third of the required electricity in Germany is generated from lignite. Huennebeck's wall and floor-shaping forms and shoring supports will be used throughout the pouring and curing of the plant's cast-in-place concrete joists, walls, and columns. The first construction phase is scheduled through 2008 and also includes the use of Huennebeck's highly versatile modular climbing scaffold during the erection of walls and columns.
Huennebeck's subsidiary in the United Arab Emirates has secured two formwork rental contracts in Dubai, including the new H.H. Sheikh Hamdan Awards Building Complex, a prestigious multi-story structure that will become the centerpiece for Dubai's internationally recognized academic and medical sciences awards program similar to the Nobel Prize program. The new complex will comprise three semi-circular structures totaling nearly 125,000 sq. ft. (116,000 square meters). Huennebeck will supply a range of concrete form systems for the walls, floors and columns as well as shoring to support high beams and slabs during construction.
Huennebeck will also supply rental forms and shoring supports to the construction of the new IBIS Hotel Dubai-Al Barsha, a new 480-room mid-rise hotel scheduled to open to the public in 2008.
These latest contract wins are further examples of Harsco Access Services' expanding presence in the fast-growing global infrastructure markets, where independent estimates of the global investment needed over the next 25 years in such areas as transportation infrastructure, education and healthcare facilities, energy and utilities, and communications infrastructure are as high as $30 trillion.
The Huennebeck division is part of Harsco's global Access Services business group, which also includes the international SGB and North America-based Patent divisions. The three complementary Harsco Access Services businesses operate from an extensive global network that provides rental scaffolding, concrete forming and shoring equipment and services to many of the world's premier non-residential construction and infrastructure projects. Harsco Access Services is also a market leader in serving the industrial access needs of planned plant maintenance and emergency shutdown schedules at powerplants, petrochemical and refining plants, pharmaceutical facilities, and off-shore oil and gas rigs.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving major customers in the non-residential construction, steel and metals, 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 about Harsco, including its Access Services business group, can be found at www.harsco.com.
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