HARRISBURG, Pa., Jan. 24, 2008 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that its industry-leading MultiServ mill services division has been awarded multi-year contracts in Australia, Italy and the UK that include close to $15 million in combined new revenues over their terms.
MultiServ has received a seven-year contract extension from OneSteel at its operations in Victoria, Australia that includes new responsibilities for a range of melt shop and property services previously handled by outside contractors. The contract adds to a nearly 20-year MultiServ presence at this location, a former Smorgon Steel operation. Smorgon recently merged with OneSteel to form Australia's leading manufacturer of steel long products.
In Italy, MultiServ has been awarded a new contract to provide manual slab scarfing and oxycutting services at Duferco's Verona Steel S.p.a. plate mill. MultiServ's scarfing services remove surface and sub-surface imperfections on steel slabs prior to rolling. The plant, a new service location for the MultiServ division, is in the heartland of Italy's steelmaking zone adjacent to the Ferriera Valsider works, where in 2006 MultiServ initiated similar contract services for oxycutting and manual slab scarfing. Under a joint venture signed last year between Duferco and Russia's fourth-largest steelmaker, Novolipetsk Steel (NLMK), the Verona Steel works is being upgraded with a 25 percent capacity increase to handle and process high quality steel slabs produced by NLMK.
Under a new contract from Corus Group's Teesside Beam Mill in the UK, MultiServ will provide round-the-clock handling and stockyard management of incoming steel slabs from the nearby Scunthorpe works for processing at the Teesside beam rolling mill in accordance with the mill's production schedules. The Teesside plant is regarded as one of the most efficient structural section rolling mills in the world, handling approximately 750,000 tons per year and producing a range of structural beams and columns for the construction industry. MultiServ's long-standing customer, Corus Group, is Europe's second largest steel producer and a subsidiary of Tata Steel Ltd., the world's sixth largest and second most global steel producer.
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. Harsco's MultiServ division is the world's largest provider of on-site, outsourced mill services to the steel and metals industries, serving some 170 sites in 35 countries. Harsco common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information about Harsco, including its MultiServ division, can be found at www.harsco.com.
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