HARRISBURG, Pa., Aug. 19, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today two new contracts totaling close to $4 million to provide rental formwork and scaffolding services during the construction of two new power plants in Europe.
In the Netherlands, Harsco will supply a range of rental formwork systems to the construction of one of the cleanest and most energy efficient coal/biomass power plants in the world, being built near the industrial center of Rotterdam. The plant's owner, French utility GDF Suez, has stated that the plant will have an energy efficiency of 46 percent, nearly a third higher than the plant it is replacing. Higher efficiency plants burn less fuel to create more electricity. The new facility is scheduled to begin operating in 2013. Harsco's infrastructure market presence in the Netherlands continues to be strong, reflecting the Company's substantial role in the country's highly developed industrial sector. Major programs include Harsco's dedicated 24/7 access support and thermal insulation services to one of the world's largest refineries, the massive Shell Pernis plant, as well as Harsco's ongoing access support of plant maintenance for such major customers as SABIC at its polypropylene plant in Geleen.
In Hungary, Harsco's scaffolding and erection and dismantling services will support the construction of a new gas fired power plant that is also expected to be one of the most environmentally friendly plants in the world, with an energy efficiency of 58 percent. Harsco's contract from engineering giant Siemens calls for more than 100,000 cubic meters of scaffolding to be erected during construction. Harsco will support the project with a dedicated on-site crew and equipment, serving the customer's requirement for the highest possible safety standards during this project.
Harsco's work on both projects will continue through 2010.
Commenting on the awards, Harsco President and Infrastructure Group CEO Geoffrey D. H. Butler said, "Our increasing emphasis on the more resilient global industrial infrastructure sector should benefit our performance with greater predictability and higher utilization of our equipment. This will help to offset the continuing impact on non-residential construction brought on by the global economic downturn."
Harsco Corporation is a diversified industrial services company serving global industries that are fundamental to worldwide economic growth, including infrastructure, metals, railways and energy. 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 Harsco's new website at www.harsco.com.
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