Harsco Receives $17 Million Contract Award for Additional Mill Services in France
Posted on: Tuesday, 14 October 2008, 12:00 CDT
HARRISBURG, Pa., Oct. 14, 2008 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today it has been awarded a new six-year contract valued at more than $17 million to provide steel upgrading and finishing services in France, continuing Harsco's expanding role in providing on-site, value-adding service solutions to the global metals industry.
The award from Ascometal's Fos sur Mer operations in the south of France will add to Harsco's ongoing services at this location and introduce a bar handling and grinding service with a projected volume of 100,000 bars per year. Ascometal makes high performance steels, including alloyed and heat-treated products, for a range of industrial markets. Harsco's work is to begin immediately and is expected to contribute positively to the Company's Economic Value Added (EVA(r)) performance.
In expanding the reach of its industry-leading Mill Services business group into additional value-adding services, Harsco continues to extend its range up the steel- and metals-making value chain as one of the world's leading providers of logistics, environmental and product upgrading solutions for the global metals industry.
Harsco Corporation serves key industries that play a fundamental role in worldwide economic growth and development, including infrastructure, metals and railways. The Company employs approximately 23,000 people in 50 countries of operation and recorded 2007 sales of $3.7 billion. 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
This news release was distributed by GlobeNewswire, www.globenewswire.com
CONTACT: Harsco Corporation Media Contact Kenneth D. Julian 717.730.3683 kjulian@harsco.com Investor Contact Eugene M. Truett 717.975.5677 etruett@harsco.com
Source: PrimeNewswire
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