HARRISBURG, Pa., July 11, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that its Huennebeck division has been awarded a prestigious new order to provide 30,000 square meters (nearly 325,000 square feet) of rental scaffolding over the next 18 months for the construction of the new Sea Towers office and apartment complex, a dramatic new high-rise which will become Poland's tallest building outside Warsaw. Terms of the order were not disclosed.
Sea Towers will stand as a major new commercial and residential landmark on the Polish coastline at Gdynia, an important seaport on Gdansk Bay on the south coast of the Baltic Sea. The building consists of two high-rise towers linked through a connecting passageway, with the taller of the two towers reaching approximately 138 meters (450 feet) in height. Its top floor will offer a panoramic viewing terrace for residents and their guests.
The prestigious order underscores Harsco's strengthening presence as one of the leading access services and rental equipment suppliers within the growing Eastern Europe construction and infrastructure sectors, where new construction and revitalization projects have helped contribute to record-setting performance by the Company's worldwide Access Services business group. For the first quarter of this year, Harsco's Access Services sales were up 40 percent over the prior year, while operating income for the group increased by 109 percent. The group consists of European-based Huennebeck, which Harsco acquired in November 2005, together with the international UK-based SGB division and the North America-based Patent division. The three complementary Harsco Access Services businesses operate from an extensive global network that includes more than 200 rental, sale and service branches in 29 countries, including 25 branches in eight Eastern European countries. The Access Services group serves the scaffolding, forming and shoring requirements of the non-residential construction and industrial plant maintenance markets worldwide.
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 can be found at www.harsco.com.
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