HARSCO ANNOUNCES $60 MILLION CONTRACT RENEWAL IN ITALY FOR ONSITE STEEL MILL SERVICES
CAMP HILL, PA (September 8, 2015) . . . Harsco Corporation (NYSE: HSC) announced today the contract renewal of several Harsco Metals & Minerals onsite mill services at the ThyssenKrupp-owned Acciai Speciali Terni (AST) stainless steel works in Terni, Italy. The award, valued at approximately $60 million in projected revenues over its duration, adds to three other Harsco service renewals at this site last year which together, continue Harsco’s long-standing role as the mill’s principal mill services contractor. Harsco has been providing continuous onsite services to the AST works, Italy’s only manufacturer of stainless steel flat products, for more than two decades.
The AST award joins a growing list of contract renewals and add-on service expansions that the Company has successfully negotiated and secured this year totaling some $450 million in projected revenues over their duration.
Announcing the AST renewal, Harsco President and CEO Nick Grasberger said, “In many ways, this award and the confidence that it demonstrates underscore the progress we continue to make in our Metals & Minerals transformation. ThyssenKrupp AS Terni is a large and important site that is clearly rebuilding for a strong future. We are delighted to earn this renewal as a trusted and valued partner to their objectives.”
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry, with operations at approximately 170 customer sites across more than 30 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams across the industry.
About Harsco Corporation
Harsco Corporation is a diversified global industrial company focused on serving major industries that are fundamental to worldwide economic growth. The Company’s market-leading products and services support customers worldwide in the steel and metals, railways and energy sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com