Worldwide industrial services company Harsco Corporation (NYSE:HSC) has announced that its Harsco Metals group is expanding into the United Arab Emirates under a new ten-year contract valued in excess of $35 million over its term.
The contract with Abu Dhabi-based Emirates Steel L.L.C. installs Harsco as the principal onsite service partner to a new electric arc furnace (EAF) steel plant entering production with capacity for up to 400,000 tons of steel billets and 250,000 tons of gas based DRI production per year. Harsco was invited to take on responsibilities for a broad range of high-value onsite material handling and environmental services, having worked successfully with the mill’s management team at other steelmaking operations. The mill is a subsidiary of Al Nasser Industrial Enterprises (ANIE), one of the leading manufacturing companies in the United Arab Emirates. Harsco expects to begin work within the next one to two months.
Harsco Metals is the world’s largest provider of on-site services to steel mills and other metals producers, serving as an integral, on-site service partner at approximately 170 operating locations in 35 countries. The company supports virtually every phase of modern metal making operations, including integrated materials handling, semi-finished and finished product management, and environmental control and recycling solutions for metal making by-products.
Harsco Corporation is one of the world’s leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery. The Company employs approximately 20,000 people in 50 countries of operation and recorded 2008 sales of approximately $4 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