Harsco Secures Two Steel Mill Service Contracts in Latin America Totaling More Than $50 Million
September 05 2017 - 4:15PM
Harsco Corporation (NYSE:HSC) announced today multi-year contracts
for onsite services at two major steelmaking plants in Latin
America totaling more than $50 million in projected revenues.
Harsco’s Metals & Minerals division will begin providing new
services for scrap handling and processing at the Ternium Siderar
basic oxygen furnace (BOF) mill in San Nicolas, Argentina, the
largest steelmaking plant in Argentina. With capacity of
nearly 2.5 million tons per year, Ternium Siderar produces a wide
range of steel products for the construction, energy, automotive
and other markets. Harsco’s services, awarded under a new
five-year contract, are scheduled to begin in January 2018,
replacing a local provider in favor of outsourcing to
Harsco.
Harsco will also extend its services under a seven-year contract
renewal at the Deacero electric arc furnace (EAF) mill in Celaya,
Mexico, continuing more than 12 years of Harsco support at this
location, since 2005. Deacero is Mexico’s largest long
products producer, and its Celaya mill serves the construction
sector throughout Latin America with rebar and wire rod products.
Harsco’s services at Celaya include molten slag transport and metal
recovery, whereby metal content is captured from steelmaking slag
for reuse in the production of new steel.
Announcing the contracts, Harsco Metals & Minerals Chief
Operating Officer Chris Whistler said, “Both of these contracts are
with well-positioned, substantial customers at the leading edge of
their markets. They ably reflect our continuing strategies
and objectives for growth in this region, and for our Harsco
business overall.”
About Harsco Harsco’s Metals & Minerals
division serves as a technology partner to cleaner, more efficient
metal production, providing customers with effective solutions for
converting production waste streams into beneficial commercial
use. Its operations span approximately 140 customer sites
across more than 30 countries.
Harsco Corporation is a diversified industrial company providing
a range of onsite services and engineered products to the global
steel, energy and railway sectors. Harsco’s common stock is a
component of the S&P SmallCap 600 Index and the Russell 2000
Index. Additional information can be found at
www.harsco.com.
Investor Contact
David S. Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
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