HARRISBURG, Pa., March 22, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today that its global MultiServ mill services division has been awarded two multi-year agreements in Brazil that include more than $16 million in added services.
MultiServ will expand its role at the Acos Villares steel mill in Mogi das Cruzes under an eight-year add-on agreement that includes new on-site material handling responsibilities for the mill's finished and semi-finished products and raw materials. The work was previously performed by a local contractor. The agreement further expands MultiServ's nearly 30-year support of Acos Villares' steelmaking operations in Brazil.
MultiServ has also been awarded a six-year extension to its ongoing services at Usiminas, one of Brazil's leading independent, integrated steelworks and its largest producer of steel plate. The award continues MultiServ's ongoing role as the mill's principal services provider and awards additional responsibilities for on-site slag processing services.
Both awards reflect Harsco's significant organic growth opportunities for expanding its services to existing customers as well as serving additional new customers throughout the world. Harsco Corporation is a leading diversified industrial services company serving major customers in the global non-residential construction, steel and metals, energy and railway industries. The Company posted 2006 revenues of $3.4 billion and employs approximately 21,500 people worldwide. 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.
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