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Harsco Group Awarded Three New Contracts
04/11/2012 - Harsco Corp. announced three multiyear contract awards for onsite steel mill services from new customers in Bahrain, Sweden, and Chile totaling more than $135 million in projected revenues.
Harsco Corp. announced three multiyear contract awards for onsite steel mill services from new customers in Bahrain, Sweden, and Chile totaling more than $135 million in projected revenues.
The contracts include the first steel mill to be built in Bahrain, the new United Steel Company (SULB) steelworks that is nearing completion in the Hidd Industrial Area of northeastern Bahrain. The mill will reportedly be the Gulf Region’s first fully integrated producer of medium and heavy beams and structural steel sections. Harsco’s new five-year contract, scheduled to begin in the second half of this year, will service the mill’s anticipated production levels of close to 1 million tonnes per year, with objectives for further capacity expansion in the coming years.
The SULB works becomes the second Harsco Metals & Minerals group operating site in Bahrain, joining Harsco’s AluServ aluminum dross processing facility at Askar, which will now also provide slag processing support for the SULB contract.
The award in Sweden comes from SSAB, the largest Nordic manufacturer of heavy steel plate. Harsco will provide a range of scrap management services at SSAB’s plant in Oxelösund over a 10-year period that will enable the mill to better maximize its usage of internally generated scrap, while also enhancing the sorting and segregation of highly alloyed scrap materials for various production recipes. Harsco’s work will include a high-productivity Ferrocut® operation for reducing oversized scrap material into production-ready sizes.
For the third award, a six-year contract, Harsco will begin services at the Gerdau AZA steelworks in Chile, a regional producer of steel products for the construction sector and other markets. Harsco’s work will include slag processing, metal recovery, and the sale of slag aggregates. The company’s services are scheduled to start up in the third quarter of 2012 and, following completion of a slag processing site, the company expects to be fully operational with all service activities by the first quarter of 2013.
Harsco Corp. is a diversified industrial company delivering essential services and products to major industries, including steel and metals, construction, railways and energy.
