HARRISBURG, Pa., Feb. 12, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today its implementation of a new, unified global structure and identity for its MultiServ division, the world's single largest provider of on-site, outsourced mill services to the steel and metals industries.
Harsco Chairman, President and CEO Derek C. Hathaway said that the unified MultiServ division will be centrally headquartered in Leatherhead, United Kingdom, near London. A network of regional offices in Europe, the United States, Latin America, South Africa and Australia will continue to focus on these key operating sectors, reporting to the central headquarters. "As a single global team, we expect MultiServ to become even stronger and more competitive in support of its customers," Mr. Hathaway said. "Our strategic plans are to expand MultiServ's scope of services and geographic spread through a focused and targeted investment program."
According to MultiServ division president and CEO Geoffrey D. H. Butler, the combined MultiServ team comprises an unparalleled wealth of knowledge and experience in the field of specialized mill services. Employing nearly 10,000 people, the division, Harsco's largest, operates at more than 160 mills in more than 30 countries, providing the world's leading steelmakers with a comprehensive range of services that support and enhance virtually every phase of the steelmaking operation. At December 31, 2003, the combined value of its long-term, multi-year mill service contracts stood at an estimated $3.4 billion.
To support its unification, the division has established an integrated communications network that enables each location to share its best practices and ensure that MultiServ's worldwide customers and operations benefit from the application of MultiServ's global experience. MultiServ has also successfully implemented a division-wide Six Sigma continuous process improvement methodology, an initiative that will now be further accelerated through its consolidation.
To accompany these changes, the new MultiServ name and visual identity have also been introduced. The new symbol will appear familiar to many, and reflects the distinguished history of the division and its predecessors over the past 100 years. The red stripes portray the fire of the metals industry, while the green stripes signify MultiServ and the environment. Together they symbolize the partnership between MultiServ and its customers. The MultiServ name reflects a total commitment and focus at all levels and all geographic locations, to bring value to customers through the delivery of high quality mill services. More information about Harsco's MultiServ division and its services can be found at www.multiservgroup.com.
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Harsco Corporation is a diversified $2.1 billion worldwide 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. More information can be found at www.harsco.com.
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