HARRISBURG, Pa., Jan. 15, 2010 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its receipt of two multi-year specialty metal processing services contracts having a combined value that could be as much as $70 million over their duration, including one contract at a new operating location for Harsco.
The contracts, both with leading specialty metals producer ATI Allegheny Ludlum, call for a range of on-site by-product handling and metal recovery services at two of Allegheny Ludlum's larger facilities, its Midland, PA and Brackenridge, PA plants in Western Pennsylvania. Harsco has been providing services at the Brackenridge site since 1972, and will now add similar services at the Midland plant, where Allegheny Ludlum produces high quality stainless steel slabs. Harsco also provides onsite services to Allegheny Ludlum's Latrobe, PA specialty metals plant.
Announcing the awards, Harsco Metals CEO Galdino Claro said, "We are delighted by this opportunity to further expand our long relationship with ATI Allegheny Ludlum. We believe that the competitive advantage represented by our Harsco commitment to safety, the environment, integrity and value creation increases exponentially as customers evaluate their criteria for selecting long-term partners."
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 is recognized as one of the Fortune 1000 leading companies in America and has been named five times to the Platinum 400 list of the best big companies by Forbes magazine. Harsco's common stock is a component of the S&P Mid Cap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
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