HARRISBURG, Pa., Nov. 14, 2008 (GLOBE NEWSWIRE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today its receipt of two new equipment orders totaling close to $15 million. The orders come from two of the Company's principal target markets for continuing international growth, the Middle East and Asia-Pacific regions.
The orders include a substantial, multi-product supply contract in Qatar that will support construction of the new Barwa Commercial Avenue project, a new $3 billion development that will combine 600 new high-end retail shops and showrooms with more than 1.6 million square feet of state-of-the-art office space and other units. The new complex will extend almost five miles in length. Construction will be led by German contractor Hochtief. Harsco will supply the project with scaffolding, access towers, formwork panels and other equipment, including some rental materials, with the potential to increase its support as the project builds out over the next three years. Harsco continues to add to its presence throughout the Middle East as a key supplier of access-related services and equipment in support of major commercial construction and infrastructure expansion projects.
Harsco has also received a new contract for its railway track maintenance equipment, securing a new order in Australia for two MK VI ballast tamping machines. The units will be manufactured in Harsco's U.S. production facilities and delivered in early 2010. Transfield Services Limited has ordered the new units to support its ongoing rail system maintenance work in Australia, where Harsco also operates an in-country facility for equipment manufacturing, maintenance and contract services to support the Asia-Pacific market.
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. 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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