HARRISBURG, Pa., Oct. 13, 2004 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its MultiServ mill services division has been awarded new multi-year contracts totaling more than $15 million in projected new revenues over their duration for on-site mill services at two specialty steel plants in the U.S. and UK.
In the UK, MultiServ will expand its more than 20-year relationship at the Corus Engineering Steels (CES) Aldwarke works to add on-site slag handling services to its ongoing responsibilities. The contract calls for MultiServ to re-engineer and operate the mill's existing slag pot carriers and to introduce and manage a fleet of new, larger capacity slag pots as the mill increases its annual liquid steel production levels to well over one million tons. CES is one of Europe's major players in the manufacture of high-grade steel for the automotive, aerospace, energy, machining and general engineering industries.
In the U.S., MultiServ is displacing a competitor to take over responsibilities for on-site slag pot carrying and metal recovery services at Timken Latrobe Steel, a leading producer of small-batch, high-speed tool-and-die steels as well as related new-technology metals for specialized applications. The MultiServ operations, now underway, will be managed as a satellite to the division's similar operations at neighboring steel plants in and near Latrobe, Pennsylvania.
Harsco's MultiServ division provides the world's leading steel companies with a comprehensive range of services that support the entire steelmaking process, including integrated materials handling, semi-finished and finished product management, and by-product recovery and recycling. Similar services are provided to the makers of aluminum, copper and other metals. The division operates at more than 160 mills in over 30 countries, making it the world's single largest provider of on-site, outsourced mill services to the steel and metals industries.
Harsco Corporation is a diversified, worldwide industrial services and products company with annual sales in excess of $2 billion. Harsco's market-leading businesses provide mill services, access services, gas technologies, and engineered products and services to major industries around the globe. The Company employs 18,000 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco, including its MultiServ mill services division, can be found at http://www.harsco.com.
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