CAMP HILL, Pa., Oct. 20, 2011 (GLOBE NEWSWIRE) -- Global industrial solutions company Harsco Corporation (NYSE:HSC) announced today the expansion of its Harsco Infrastructure branch operations in Peru with the opening of new and enlarged facilities in Lima, Peru's largest city and capital. The expanded facilities will enhance Harsco's rental forming, shoring and scaffolding equipment and installation services to major civil construction and industrial maintenance projects throughout the region.
The move to larger facilities follows three years of steady revenue growth since Harsco's market entry into Peru at the beginning of 2009. Industry analysts are projecting further growth in Peru's construction sector in the range of 8-9 percent for 2012. "The investments being made by emerging markets in basic infrastructure expansion and modernization are an increasingly important part of Harsco's long-term focus," said Executive VP and Infrastructure Group CEO Ivor J. Harrington.
Since its arrival into the market, Harsco has participated in some of Peru's largest and most prestigious construction projects, including two regional hospitals in Lambayeque and Ica; several office buildings including the Platinum Plaza, Peru's first "green" office building; and the construction of 13 bus stations for Lima's mass transit system. Harsco is currently supporting the construction of the new Mall Aventura Plaza Santa Anita and the new Wong supermarket in Miraflores, and anticipates further work beginning in January 2012 on the Real Plaza San Borja shopping mall. These latest projects alone are expected to generate new revenues of close to $1 million through the end of 2011 and into 2012, in addition to other ongoing and anticipated work.
The new location encompasses more than 10,000 square meters (approximately 100,000 square feet) of space and is fully equipped to support both the construction and industrial maintenance markets with a wide selection of Harsco forming, shoring and scaffolding products, including Rasto forming systems for poured concrete structures; Topflex and GASS shoring; Cuplok scaffolding; and Protecto site protection equipment.
Harsco Corporation is a diversified global solutions company serving industries that are fundamental to worldwide infrastructure development and economic growth, including steel and metals, construction, 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.
The Harsco Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=361