HARRISBURG, Pa., Dec. 17, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its MultiServ mill services division will significantly expand its on-site service responsibilities at Arcelor's Creusot Metal steel mill in France under a five-year contract renewal valued at close to $15 million. The new contract triples the previous contract revenues and adds to a nearly 12-year on-site relationship. The additional services are scheduled to begin in January 2004.
MultiServ will take over a range of slag handling and scrap oxycutting responsibilities at Creusot Metal, where the division also provides scrap yard management and handling services, as well as automated Androfer slab scarfing, MultiServ's proprietary flame technology for preparing steel surfaces for high-quality automotive and other uses. Creusot Metal is a subsidiary of Arcelor's Industeel group, which specializes in advanced technology carbon, alloy and stainless steel slabs and ingots.
MultiServ provides the world's leading steelmakers with a comprehensive range of services that support the entire steelmaking process. The division operates at more than 160 mills in more than 30 countries, making it the world's single largest provider of on-site, outsourced mill services to the steel and metals industries.
The newly-introduced MultiServ name and logo symbolize the division's evolution and consolidation as a global, full-service enterprise, mirroring the steel industry's trend of consolidation and globalization. Harsco recently added to its mill services leadership with the acquisition of the U.S.-based Industrial Services Division of C. J. Langenfelder & Son, Inc., which provides mill services to U.S. Steel and International Steel Group, two of the major players in the ongoing consolidation efforts to make the North American steel industry more competitive.
Harsco Corporation is a $2 billion, diversified industrial services and products company employing approximately 17,500 people in more than 40 countries of operation. Harsco's market-leading businesses provide mill services, access services, gas and fluid control products, and other infrastructure products and services to customers worldwide. Additional information about Harsco, including its MultiServ division, can be found at www.harsco.com.
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