On this page you will see our safe harbor statement. I just want to make sure some special important information regarding forward looking statements and estimates that we will be presenting today. Little bit of our overview of Harsco Corporation. We are a $3.3 billion industrial services business, serving over 50 countries globally. We operate through four business groups, four business segments, the largest of which is the metals and minerals segment.
The metals and minerals segment is the largest outsourced supplier service provider to the global metals industries. And we do that in over 30 countries. We’d like to say our services are focused on reducing the environmental impact of the waste streams produced by the metals industries. We do that in several ways. Waste streams such as slag produced by the steel making process contain metallics which we recover, so it’s a resource recovery. The remaining slag components we convert into beneficial use products such as fertilizer, aggregates for road building, as well as concrete.
We also – we are in the environmental solutions and we also provide other services such as logistics and material handling such as scrap management as well. We operate in about 160 mill sites throughout the globe. There are a total of about 600 mill sites in the globe. About 400 of those 600 are considered our target market. Within the 160 mill sites that we operate we are about 40% penetration with our services. So as you can see, between the number of mill sites in our targeted market, as well as service penetration within our current mill sites, we have substantial market opportunity for growth.
This business, metals and minerals business also includes the minerals side of the business which in addition to resource recovery from stainless steel mills, also produces other beneficial products from waste streams such as roofing granules and aggregates, not aggregates, but abrasives for use in the infrastructure refurbishment industry.
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