HARRISBURG, Pa., April 24, 2009 -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its receipt of new orders from a number of international infrastructure construction projects totaling close to $1.5 million in projected new revenues. The orders, which include new work in Eastern Europe and the Middle East, reflect the Company's continuing multi-national services to the global infrastructure sector.
Harsco has won two awards to support new highway construction projects in Eastern Europe, including a new highway interchange in Poland and a new seven-span highway bridge in the Czech Republic. Harsco's rental formwork and shoring systems will be used to support the concrete construction of wall and bridge sections and other major superstructure. Harsco has received several new highway and bridge construction orders recently that reflect the Company's strengthening focus in this sector. New bridge and highway construction is expected to be a substantial component of many of the upcoming global economic stimulus programs now being readied for implementation throughout the world.
Harsco's orders also include the provision of rental scaffolding and on-site erection and dismantling (E&D) support to a new shopping mall being constructed in the downtown center of Budapest, Hungary. The new glass-covered Corvin Atrium mall is seen as a centerpiece to one of the largest urban rehabilitation programs in this region. Harsco's support will continue through this summer.
Harsco has also been selected to provide rental scaffolding support to the ongoing construction of a new multi-billion dollar urban community in Doha, the capital city of Qatar. Touted as a new standard for community design, the 1.2 million square meter development known as Al Wa'ab City will integrate a variety of housing villas, small and large scale retail shops, offices, and a new urban piazza in an energy-saving environment that aims to be virtually self-sufficient in services, amenities, recreation and entertainment. Harsco's order continues its substantial equipment and technical service support to the project, which has already involved some $2.5 million worth of Harsco wall and column formwork and access scaffolding.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery. The Company employs approximately 20,000 people in 50 countries of operation. 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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Kenneth D. Julian