Harsco Corporation (HSC) recently won a new contract from Tata Steel to provide industrial scaffolding support of plant maintenance activities at the Tata Steel plant in Scunthorpe, UK. The tenure of the contract is three years, with an estimated value of $10 million.
In mid-March, Harsco agreed to extend its ongoing industrial scaffolding support of facility maintenance at Tata Steel for an additional five years, and add new scaffolding services with Tata Power and Tata Mines. The extended contracts total approximately $8 million over their terms.
Management stated that the award establishes Harsco’s growing multi-discipline relationship with the Tata Group and Harsco Infrastructure’s increasing global focus on the industrial maintenance and infrastructure sectors.
The company’s association with Tata Group highlights its strategic goals for market expansion in India’s industrial sector. Further, Harsco serves Tata Steel at its flagship steelmaking operations in Jamshedpur.
In addition, Harsco’s metal division also received two key multi-year contract renewals from Ternium Mexico, a unit of Ternium S.A., one of the leading steel companies in Latin America. Both the awards are projected to generate more than $225 million in revenues, with a duration of ten years each.
Under the agreement, Harsco will provide 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 to Ternium’s two Monterrey operations, Guerrero and Apodaca.
Harsco provides industrial services and engineered products serving global infrastructure, metals, minerals, rail and industrial sectors. Harsco in particular, offers industrial mill services, gas control, and containment products, scaffolding services and railway maintenance.
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