Harsco’s Rail Business Captures Multi-Million Dollar Contract Awards for Track Construction Services
March 09 2016 - 7:46PM
Global industrial company Harsco Corporation (NYSE:HSC) announced
today that its Harsco Rail track maintenance business has won
competitive awards for two separate contract services projects on
major transit railroads in the northeastern US totaling
approximately $10 million in projected revenues.
Photos accompanying this announcement
are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/7b219b18-6fe9-4f2b-9f2e-06ca46e11796
http://www.globenewswire.com/NewsRoom/AttachmentNg/bbfa4e8f-2cf4-4ee8-933b-2f07b54ddf74
Under the first award, a Harsco P811 Track Renewal System and
its 24-person crew will replace approximately 22,000 ties and eight
miles of rail in the greater New York City metropolitan area during
2016 and 2017. Together with its crew, the versatile P811
removes and replaces old crossties, fasteners and rail in a single,
self-contained set of units, giving railroad operators a fast and
efficient solution to their track renewal and replacement needs.
The track renewal projects are scheduled to begin in early
spring and finish by the end of May each year, such that the work
is completed prior to the summer-season upturn in rail traffic.
In the second award, a Harsco NTC (New Track Construction)
machine and its 13-person crew will be working in New York and
Connecticut building approximately five miles of new CWR
(continuous welded rail) track in both 2016 and 2017. This
project will entail laying approximately 12,000 new ties and
installing the new CWR rail.
Harsco Rail is a global market leader for railway
track maintenance and construction, with a broad range of high
quality equipment, cutting-edge technology, and worldwide
support to major railroads worldwide. To learn more, visit
www.harscorail.com.
About Harsco CorporationHarsco Corporation is a
leading 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 Martin
717.612.5628
damartin@harsco.com
Media Contact
Kenneth Julian
717.730.3683
kjulian@harsco.com
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