HARRISBURG, Pa., Aug. 14, 2006 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its SGB access services division has been awarded a three-year contract that will significantly expand its industrial plant maintenance services support to the vast Shell Netherlands oil refining and chemicals manufacturing complex, the largest facility of its kind in Europe. The expanded contract is expected to generate an additional $20 million in added service revenues over its term, and also includes an optional two-year extension providing additional revenue potential.
The award expands SGB's long-term rental scaffolding and related access services to the 1,400 acre Shell Netherlands complex, where SGB has had an ongoing presence for more than 20 years, and will include for the first time under SGB the installation of thermal insulation, a newly-added service capability obtained through Harsco's recently-announced asset acquisition of the Cleton industrial maintenance services business in Europe. Cleton specializes in providing insulation and related scaffolding services for the maintenance of large-scale industrial facilities, including a nearly 60-year presence at the Shell Netherlands facility as well as other major oil refineries, petrochemical producers and process plants.
Harsco's Access Services segment serves the industrial plant maintenance, non-residential construction and energy markets as the world's foremost provider of access-related services. In addition to SGB, the segment includes Harsco's Hunnebeck Group division, which operates throughout Europe and in the Middle East, and the Patent Construction Systems division, which operates throughout North America.
Harsco employs approximately 21,000 people in 45 countries of operation and recorded 2005 sales of approximately $2.8 billion. Harsco's four market-leading business groups provide mill services, access services, engineered products and services, and gas containment and control technologies to major customers worldwide. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information about Harsco, including its SGB division and Access Services segment, can be found at www.harsco.com.
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