HARRISBURG, Pa., Sept. 10, 2008 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today a new order from Europe valued at more than $7 million for its switch and crossing rail grinding equipment, continuing the broad-based internationalization of Harsco's railway track maintenance services and equipment division.
The order from Germany's voestalpine BWG GmbH & Co. KG adds to that company's existing fleet of Harsco rail grinding equipment and will be used to precision grind complex switch and crossing rail surfaces throughout the German railway system. Delivery is scheduled for the second half of 2009. Harsco's state-of-the-art rail grinders remove rail surface defects and reshape rail profiles to maintain the correct wheel-to-rail contact interface and provide smoother travel at higher speeds, thus extending rail life while reducing fuel consumption and operating costs.
In expanding the international market reach of its Harsco rail division, Harsco has secured major orders from China, Brazil, Europe and elsewhere. The Company is currently producing its largest order ever, a $350 million order from China's Ministry of Railways for more than 40 new rail grinding machines scheduled for delivery through early 2011, where they will join a growing fleet of Harsco equipment in China. Harsco ranks as one of the world's largest providers of specialized railway track maintenance services and equipment, and serves major railway networks and rapid transit systems throughout the world from facilities in the U.S., U.K. and Australia.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and development, including infrastructure, metals and railways. The Company employs approximately 23,000 people in 50 countries of operation and recorded 2007 sales of $3.7 billion. 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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