HARSCO WINS NEW RAILWAY TRACK MAINTENANCE EQUIPMENT ORDERS
April 4, 2012
CAMP HILL, PA (April 4, 2012) . . . Global industrial services and engineered products company Harsco Corporation (NYSE: HSC) announced today new international orders for its railway track maintenance rail grinders totaling more than $20 million, including the Company’s first rail equipment order from South Korea and its first larger-capacity 30-stone rail grinder sale into China’s burgeoning urban metro transit market.
The new orders, all for delivery beginning this year into and extending into early 2014, underscore Harsco Rail’s continuing success in expanding its customer base as it captures new orders in emerging international markets and introduces additional product configurations within its existing markets. Harsco Rail is one of the world’s largest developers and producers of advanced technology equipment and service solutions for railway track maintenance, repair and new track construction.
The South Korea order comes from Sampyo Engineering & Construction (SENC), Korea’s leading railway track and bridge construction company and part of the diversified Sampyo Group headquartered in Seoul. The machine will support the new 113 mile (183 km) high-speed Korea Train Express line scheduled to be completed in 2014 from Osong to Gwangju, and to Mokpo in 2015.
The metro order from China’s Ningbo Rail Transit Group Co. Ltd. builds on Harsco’s ongoing sales success in the Chinese metro transit segment with its compact 10 and 20-stone grinders to now include its first 30-stone unit sale into this market. The 30-stone configuration is a larger capacity rail grinder that offers expanded efficiency and performance in grinding operations. The number of stones refers to the grinding heads that the operator can precisely align to re-contour and smooth rail surfaces for increased train speeds, better fuel efficiency and safety. The sale is Harsco’s first to Ningbo Rail Transit, a new rapid transit system now under construction to serve the city of Ningbo and its surrounding suburbs, home to more than 7 million residents.
The orders also include a rail grinder sale into the UK rail network, where Harsco has been operating similar equipment under contract for the past ten years. The latest order will expand the in-country fleet of machines operated by Harsco in support of rail maintenance throughout the UK.
Harsco Corporation is a diversified worldwide industrial company serving markets that are fundamental to global economic progress and infrastructure development, including steel and metals, construction, railways and energy. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
# # #
[ back to article listing ]