Harsco Corporation (HSC) was recently awarded two key multi-year contract renewals from Ternium Mexico, a unit of Ternium S.A., one of the leading steel companies in Latin America. Together both the awards are projected to generate more than $225 million in revenues.
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.
The duration of both the contracts is ten years. The contracts were for Ternium’s two Monterrey operations, Guerrero and Apodaca. Harsco provides both mills with 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.
Harsco also received two additional railway track maintenance equipment orders from China metro transit system operators – Suzhou and Guangfo – totaling approximately $11 million. The orders are scheduled for delivery in 2012.
Besides, Harsco won new awards from India’s Tata Group, which further extends the company’s 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 awards total approximately $8 million over their terms.
Management stated that the company’s association with Tata Group underscores its strategic goals for market expansion in India’s industrial sector. Harsco serves Tata Steel at its flagship steelmaking operations in Jamshedpur. In addition, the company will undertake similar on-site scaffolding services in support of facility maintenance for Tata Power and Tata Mines.
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