HARRISBURG, Pa., Oct. 30, 2007 (PRIME NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today that its MultiServ mill services division has received a ten-year contract extension from ArcelorMittal Tubarao which will support the plant's expansion from 5 to 7.5 million tons of slabs per year.
The contract extension includes nearly $60 million in added new services and continues MultiServ's 12-year support of this client's core processes. The contract adds important new service elements for the handling, processing and recovery of metallic content from the mill's BOF (Basic Oxygen Furnace) converter slag. ArcelorMittal Tubarao currently operates three BOF converters having a combined capacity of seven and a half million tons of slabs per year. Under the new agreement, MultiServ is implementing a brand new slag processing area to handle the substantial increase in materials to be processed and recycled for use as an essential element in ArcelorMittal Tubarao's steelmaking process.
Harsco's MultiServ mill services division serves the world's leading steel companies as an integral, on-site service partner at some 170 mills in over 30 countries. The division's core services include integrated materials handling, semi-finished and finished product management, and by-product recovery and recycling. Similar services are provided to the makers of aluminum, copper and other metals. The Company sees continuing opportunities throughout the global steel industry to further extend MultiServ's significant value proposition for mill service outsourcing, which includes unparalleled industry experience, resources and support to core on-site operations.
The MultiServ logo is available at http://www.primezone.com/newsroom/prs/?pkgid=808
Harsco is one of the world's leading diversified industrial services companies, serving major customers in the non-residential construction and infrastructure, steel and metals, energy and railway industries. The Company recorded 2006 sales of $3.4 billion and employs approximately 21,500 people in 46 countries of operation. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information about Harsco, including its MultiServ mill services division, can be found at www.harsco.com.
The Harsco Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=361