This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Harsco Receives Additional Multi-Year Scaffolding Contract From Tata Steel Worth Close To $10 Million

HARRISBURG, Pa., March 24, 2011 (GLOBE NEWSWIRE) -- Worldwide industrial services and engineered products company Harsco Corporation (NYSE:HSC) announced today a further award from Tata Steel to provide industrial scaffolding support of plant maintenance activities at one of its major operations. The contract, valued at close to $10 million over its 3-year term, provides for 24/7 scaffolding support of the 2,000 acre Tata Steel plant in Scunthorpe, UK, a major location where Harsco Metals also provides onsite metal recovery and material handling services to Tata Steel's steelmaking operations.

The award reinforces Harsco Infrastructure's increasing global focus on the industrial maintenance and infrastructure sectors and also demonstrates the Company's growing multi-discipline relationship with the Tata Group. Last week, Harsco announced similar industrial scaffolding orders in India totaling more than $8 million with Tata Steel, Tata Power and Tata Mines.

Harsco's industrial maintenance expertise was seen as a principal factor in winning the award, as the Company identified key areas in which savings could be made through increased efficiencies and reduced waste. "Our decision to move to a new work-at-height contract provider was not one that was taken lightly," said Dave Jones, Contracts Manager at Tata Steel in Scunthorpe. Unlike traditional scaffolding arrangements in which scaffolding providers normally charge by the hour based on how many and how long their scaffolders were provided, Harsco Infrastructure proposed a solutions-focused approach built around each project requirement. "The development of this solutions-focused approach will be a radical change but one that will save us a lot of money," said Jones. "These savings along with Harsco's best-in-industry operations standards give me confidence that benefits across the whole site will be felt quickly." Harsco Infrastructure is one of the world's largest and most complete providers of engineered scaffolding, shoring and forming systems for major construction and industrial maintenance projects.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs