HARRISBURG, Pa., Oct. 30, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that its global Harsco Metals division has been awarded a new 10-year contract valued at more than $100 million over its duration to provide a range of on-site services at a major steelworks in Italy.
Harsco will assume responsibility for on-site slag transport and slag processing at Italy's second largest steel producer, the Lucchini Piombino works located on the western coast of Italy. Harsco expects to begin work in the second half of 2010. The plant, a new location for Harsco Metals, manufactures a range of steel products for the infrastructure and construction industries and is a leading producer of high-quality wire rod for welding and other applications. The plant is also one of the few qualified European producers of 108 meter/354 foot-length rail for high speed and conventional railways, as well as a wide range of products for railway infrastructure.
"We look forward to this new contract and customer location as another opportunity to create a long-term, value-creating partnership built on Harsco's value propositions for Insight onsite(TM) operating efficiency and global expertise," said Harsco Metals CEO Galdino Claro.
The contract will add to Harsco's relationship with OAO Severstal, the giant international steelmaker which has a principal ownership stake in the Piombino mill and also owns one of the largest fully integrated steelworks in the world, the massive Cherepovets works in northwestern Russia. Harsco is already supporting two Severstal mills in France.
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 www.harsco.com.
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