Harsco’s Rail Division Receives New International Orders Totaling Close to $25 Million
September 27 2017 - 4:20PM
Harsco Corporation’s railway track maintenance division, Harsco
Rail, announced today two orders for international delivery this
year totalling close to $25 million.
The first order calls for the production of Harsco Rail’s
precision rail grinding equipment for use in Saudi Arabia on the
double-tracked 453 km (281 mile) high speed line being built
between Mecca and Medina. When completed, the rail line is
projected to carry a maximum of as many as 166,000 passengers per
day. The Harsco-built machines will be used to maintain
railhead contours for extended rail life and smoother operation,
thus reducing fuel consumption, operating costs and noise.
Grinding also corrects possible surface damage that can potentially
lead to rail fractures. Harsco’s order also includes initial
operator training as well as spare parts support.
Under the second order, Harsco Rail will provide two on-track
measuring vehicles for the assessment of rail geometry and ballast
profiling in the Republic of South Africa, working as an Original
Equipment Manufacturing (OEM) partner in support of Transnet
Freight Rail, the heavy haul railway freight system within South
Africa. Harsco will be supplying the vehicles to Molamu
Majories and Thari Joint Venture (MMTR), the contractor to
Transnet.
Deliveries under both orders are expected to be completed by the
end of 2017.
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 support to major railroads
worldwide. To learn more, visit www.harscorail.com.
Harsco Corporation (NYSE:HSC) 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.
Martin717.612.5628damartin@harsco.com
Media Contact Kenneth D.
Julian717.730.3683kjulian@harsco.com
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