Harsco's Infrastructure Group Expands Market Presence with Three New International Contract Awards
HARRISBURG, Pa., Feb. 19, 2009 - Worldwide industrial services company Harsco Corporation announced today its receipt of three new international awards by its Harsco Infrastructure group totaling more than $1.5 million, including awards in two of Harsco's newest international markets, Romania and Peru.
In Romania, Harsco has won an order to supply rental concrete formwork during the modernization of Romania's largest power station, the CET Turceni plant. The facility is the largest thermal power plant in Romania and one of the largest in Europe, generating about ten percent of Romania's domestic electricity consumption. Harsco's entry into the Romanian market last year has given the Company a direct operating presence in one of the fastest-growing construction markets in Eastern Europe.Harsco has expanded its presence to include equipment rental and related engineering support services, which have broadened the Company's support to large-scale projects and helped position the Company for additional market share gains.
Harsco has also been selected to provide rental formwork to a new office building near Paris, working with French construction giant Eiffage, with whom Harsco also collaborated last year for the construction of France's second largest hospital. Harsco's formwork will be used during construction of the office tower's cast-in-place concrete walls, floors and ceilings. Work is scheduled to begin next month.
In Peru, Harsco's newest operating subsidiary has secured its first sales order, supplying formwork and related engineering support to leading construction contractor SSK Montajes e Instalaciones S.A.C. for use in the construction of a new water treatment plant and pumping station for one of the world's largest gold producers. The new order underscores both the ready mobility of Harsco Infrastructure's rental equipment for entering new markets and also Harsco's strategic goals for expanding its global footprint, particularly in emerging market economies such as Peru.
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, including infrastructure, metals and railways. The Company employs approximately 21,000 people in 50 countries of operation and recorded 2008 sales of approximately $4 billion. 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.
Media Contact:
Kenneth D. Julian
717.730.3683
kjulian@harsco.com
