HARRISBURG, Pa., Sept. 15, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its receipt of new orders to support construction projects in four different countries in the Asia-Pacific and Eastern European regions. The orders, which total more than $3 million, reflect Harsco's broad international reach as well as the Company's increasing strategic focus on emerging market infrastructure.
Harsco's engineered formwork equipment has been selected for the concrete construction of a major new hydropower expansion project now getting underway in central Laos. The Theun-Hinboun expansion is designed to double the electricity-generating capacity of an existing power station to better serve the power grid requirements of both Laos and neighboring Thailand, which share capacity. Harsco will provide a range of formwork equipment to the project for use in the pouring and curing of major concrete structures such as walls, floors and columns.
The order continues Harsco's expanding market presence serving the worldwide power generation sector, where growing energy demands within the world's emerging economies continue to spur new infrastructure investment. Harsco's formwork is also supporting another major hydroelectric construction project in Uganda, and the Company recently announced new orders for formwork support of two new power plants being built in the Netherlands and Hungary.
Harsco has also been named to provide rental formwork support to a new bridge construction project getting underway in eastern Russia, as the city of Vladivostok prepares its bid to host the 2012 summit of APEC, the world's largest international trade and economic organization. The project to construct Russia's first long-span bridge will use Harsco's self-climbing formwork systems and other equipment to form one of the bridge's massive, 1,050 foot high (320m) concrete pillars. Harsco has also received new orders for two other bridge construction projects, providing rental formwork support to several new superhighway bridges being built in southern Poland and the Czech Republic.
"While we await the broader market recovery in the non-residential construction sector overall, Harsco's global reach and industry-leading expertise continue to bring in important wins in a number of targeted emerging market regions, particularly the Middle East and Asia-Pacific," said Harsco President and Infrastructure CEO Geoffrey D. H. Butler. "These wins represent incremental building blocks that continue to add to our market presence and enhance our brand reputation in anticipation of greater things ahead."
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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