HARRISBURG, Pa., March 11, 2011 (GLOBE NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today that its Harsco Metals group has been awarded two key multi-year contract renewals from one of Mexico's major steelmakers totaling more than $225 million in projected revenues.
The contracts, each close to ten years in duration and reflecting new and expanded commercial terms, extend Harsco's strong relationships with steelmaker Ternium México at Ternium's two Monterrey operations, Guerrero and Apodaca. The sites represent over 40 years of Harsco support at one location and more than 15 years at the other. Harsco Metals provides both mills with a range of onsite scrap management, slag management, slag handling and metal recovery services, as well as mineral and DRI (direct reduced iron) handling services. A major producer of steel for both the domestic and export markets, Ternium México is a unit of Ternium S.A., one of the leading steel companies in Latin America.
Announcing the contracts, Harsco Metals and Harsco Minerals Group CEO Galdino Claro said, "These are substantial, value-enhancing awards that reaffirm our long-term competitive opportunities in this emerging market region. The Mexican steel and metals sector is re-inventing itself with technical advances, continued consolidation and increased productivity. These objectives align well with our Harsco business model for innovation and technical leadership, and our overall strategies for further expansion within the world's developing economies."Harsco Corporation serves key industries that play a fundamental role in global infrastructure development, including construction, 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 . The Harsco Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=361
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