Harsco Awarded New Contract for Mill Services

HARRISBURG, Pa., March 31, 2003 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC), announced today that its Heckett MultiServ division, the world's leading provider of outsourced, on-site services to the steel and metals industry, has been awarded a new multi-year contract for specialized mill services at the Rocky Mountain Steel Mills unit of Oregon Steel Mills, Inc., located in Pueblo, Colorado. Terms of the contract were not disclosed.

Heckett MultiServ will assume the on-site responsibility for slag handling, slag marketing and metal recovery in support of Rocky Mountain Steel Mills' production operations. Rocky Mountain Steel Mills produces a broad range of products, including seamless pipe for the oil and gas industry, standard carbon and head-hardened rail, high- and low-carbon wire rod/bar, and semi-finished steel billets.

The agreement adds to Harsco's substantial base of multi-year mill services contracts which at year-end 2002 had a potential revenue value of approximately $3 billion. Heckett MultiServ operates on-site at approximately 150 mills in more than 30 countries, providing a broad range of services that include slag handling and metal recovery, by-product recovery and recycling, semi- and finished-product management, integrated materials handling, and specialist transportation services. The contract is forecast to generate positive Economic Value Added (EVA(r)) benefit from its first year of operation.

Harsco Corporation is a $2 billion industrial services and products company employing approximately 17,500 people in more than 40 countries of operation. Harsco's market-leading businesses provide mill services, access services, gas and fluid control products, and other infrastructure products and services to customers worldwide. Additional information about Harsco, including its Heckett MultiServ division, can be found at www.harsco.com.

The Harsco Corporation logo is available at: http://media.primezone.com/prs/single/?pkgid=361


Contact Data