HARRISBURG, Pa., July 28, 2008 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today it has secured three new contracts valued at approximately $7 million to support large-scale infrastructure and construction projects in Europe and the Middle East.
Under a new contract in Dubai from Todini S.p.a, one of the world's leading infrastructure contractors, Harsco will supply a range of rental formwork systems for use in constructing roads and bridges in the Jumeirah Lake Towers area, a huge development consisting of 87 mid- and high-rise towers being built along the banks of a network of new man-made lakes and waterways. The contract continues the succession of large-scale project wins for Harsco within this strategically important and growing region.
Near Paris, Harsco has been awarded a large-scale contract by French construction giant Bouygues to provide rental formwork for a new state-of-the-art office tower known as the Tour MOZART. When completed in 2010, the new offices will become the headquarters for Bouygues Telecom, one of the largest mobile phone companies in France. Bouygues is a long-standing customer for Harsco's equipment and services.
In Germany, Harsco's rental formwork will be used for the cast-in-place concrete construction of the Rhein-Galerie, a major new shopping mall being built in the center city district of Ludwigshafen on the banks of the Rhine River. Scheduled for completion in late 2010, the new mall will accommodate 120 shops and restaurants in nearly 325,000 square feet of floor space. Ludwigshafen is one of the most important industrial cities in southwestern Germany, home to BASF and the world's largest integrated chemical complex.
"These contracts underscore Harsco's substantial international balance and major client relationships serving multiple market sectors," said Harsco Chairman and CEO Salvatore D. Fazzolari. "The inherent mobility of our rental stock allows us to redeploy our equipment wherever necessary to meet our customers' growing needs on an expanding geographic basis."
Harsco's modern equipment and advanced engineering services to the global infrastructure sector are part of a balanced portfolio of businesses serving major industries that are fundamental to worldwide economic growth and development, including non-residential construction, metals and minerals, and railways. The company employs nearly 23,000 people in 50 countries of operation throughout the world. 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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