HARSCO EXPANDS MILL SERVICES CONTRACT WITH CHILE’S LARGEST STEELMAKER
September 19, 2016
$40 million agreement with CAP Huachipato extends
length of contract, increases scope of work
CAMP HILL, PA (September 19, 2016) . . . Harsco Corporation’s (NYSE: HSC) Metals & Minerals division today announced the multi-year extension – and expansion – of its onsite mill services to CAP Huachipato, Chile’s largest steelmaker. Valued at approximately $40 million over its duration, this seven-year agreement calls for the continuation of Harsco’s core mill services for metal recovery and meltshop support, and adds a number of new services including scrap management.
Harsco has provided continuous onsite services to CAP Huachipato since 1981. The mill serves domestic and international markets with a range of steel products, particularly for the mining, metallurgical industry, and construction sectors.
“The expansion of this agreement – both in length and scope – marks a significant step forward in our decades-long relationship with CAP Huachipato,” said Harsco President and CEO Nick Grasberger. “Even in the face of challenging market conditions, we are able to provide our customers with an unmatched portfolio of services and experience that directly meets their needs and expectations.”
About Harsco Corporation
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry, with operations at approximately 140 customer sites across more than 30 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams.
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