HARRISBURG, Pa., April 25, 2008 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today two new international contracts totaling more than $24 million in projected new revenues as the Company continues to see strong market opportunities in key international market sectors.
Harsco's Access Services group has won a two-year contract to provide rental scaffolding and concrete formwork equipment and services during the construction of a new 800-bed hospital in the central belt of Scotland. Already underway, the new Forth Valley facility ranks as Scotland's largest public sector construction project. Harsco's contract from UK construction giant Laing O'Rourke continues the Company's strong presence in the public works sector and follows a similar contract announced by Harsco last month with French construction leader Eiffage to support the construction of a major new hospital in France.
Harsco's Mill Services group has been awarded a multi-year extension of its ongoing services to one of Brazil's leading steel mills, the Gerdau Acominas mill in Minas Gerais state. Harsco's contract includes a significant expansion of responsibilities as the mill has completed an increase in its production output from 3 million tons to approximately 4.5 million tons per year. A long-standing Harsco customer at several locations, the Gerdau Group is one of the agents in the consolidation process of the global steel business, the largest producer of long steel in the Americas, and the world leader in long specialty steel for the automotive industry.
As one of the world's leading diversified industrial services companies, Harsco Corporation serves major customers in key industries that play a fundamental role in worldwide economic growth and development, including non-residential construction and infrastructure, metals and minerals, railways, and energy. The Company posted 2007 revenues of $3.7 billion and operates in 50 countries 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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