HARRISBURG, Pa., June 14, 2010 (GLOBE NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today that its Harsco Infrastructure business group has received new industrial sector orders in the U.S. and Caribbean, initially valued at more than $4 million.
"These latest orders demonstrate our strategic execution capability for being able to move into the Industrial markets while the Commercial and Multifamily construction markets are still challenging," said Eric Reisner, president of the Harsco Infrastructure Americas region operations.
The orders include new work on the Louisiana Superdome, home to the New Orleans Saints football team, as that facility undergoes a series of concourse upgrades and seating expansions in advance of the 2010 football season later this year. Harsco will provide rental equipment and full installation and dismantling services for the construction of a new grand stairway entrance and removal of the stadium's east ramp, while also providing rental scaffolding installations for the restoration of the Superdome's exterior façade. Approximately 16,000 bronze-colored aluminum panels are being installed that will restore the original color of the stadium with a new fade-proof finish while also saving energy costs through improved insulation. Additional structural work is planned for the summer of 2011 after the conclusion of the football season.
Harsco has also received new orders to support the expansion of a new Amgen pharmaceuticals plant in Puerto Rico and the construction of the new Pueblo Viejo gold processing facility in the Dominican Republic. Harsco will provide rental scaffolding and concrete forming equipment, related engineering services and turnkey labor support to the projects, both of which are being managed by Fluor Daniel, a subsidiary of international giant Fluor Corporation and one of the region's largest construction and engineering contractors. Construction-related activity at the gold processing site is expected to continue for the next several years and provide numerous follow-on bidding opportunities.
Harsco has also been selected to provide new scaffolding equipment sales and onsite project support to a new shipbuilding project in the U.S. that could also lead to potential future opportunities in this industrial sector.
Harsco Corporation is one of the world's leading diversified industrial services and engineered products companies, serving key industries that play a fundamental role in worldwide economic growth. 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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