HARRISBURG, Pa., Sept. 22, 2010 (GLOBE NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today two follow-on orders in its Harsco Rail track maintenance business group valued at more than $15 million, both of which continue Harsco's strong presence in providing specialized rail grinding equipment and services to leading U.S. and international railways.
The first order is a follow-on equipment sale in Germany, where the unit will join a growing fleet of Harsco rail grinders that provide precision rail grinding of complex switch and crossing rail surfaces throughout the German railway system. Delivery is scheduled for the latter part of 2011.
The U.S. contract addresses similar switch grinding work in the U.S. but under a contract service relationship in which Harsco owns, operates and maintains the equipment on the customer's behalf. This latest renewal covers a five-year contract period. Regular rail grinding re-profiles railhead contours for extended rail life and smoother travel, thus reducing fuel consumption, operating costs and noise, while also correcting surface damage that could lead to rail fractures. Harsco Rail is the largest provider of railway track maintenance of way services and equipment in the U.S. and the second largest in the world, serving customers in virtually every geographic sector. Its operations include facilities in the U.S., U.K. and Australia.
Harsco Corporation serves key industries that play a fundamental role in worldwide economic growth, including infrastructure, metals, railways and energy. 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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