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HARSCO’S RAIL DIVISION RECEIVES NEW INTERNATIONAL ORDERS TOTALING CLOSE TO $25 MILLION
September 27, 2017

CAMP HILL, PA (September 27, 2017) . . . Harsco Corporation’s railway track maintenance division, Harsco Rail, announced today two orders for international delivery this year totalling close to $25 million.

The first order calls for the production of Harsco Rail’s precision rail grinding equipment for use in Saudi Arabia on the double-tracked 453 km (281 mile) high speed line being built between Mecca and Medina. When completed, the rail line is projected to carry a maximum of as many as 166,000 passengers per day. The Harsco-built machines will be used to maintain railhead contours for extended rail life and smoother operation, thus reducing fuel consumption, operating costs and noise. Grinding also corrects possible surface damage that can potentially lead to rail fractures. Harsco’s order also includes initial operator training as well as spare parts support.

Under the second order, Harsco Rail will provide two on-track measuring vehicles for the assessment of rail geometry and ballast profiling in the Republic of South Africa, working as an Original Equipment Manufacturing (OEM) partner in support of Transnet Freight Rail, the heavy haul railway freight system within South Africa. Harsco will be supplying the vehicles to Molamu Majories and Thari Joint Venture (MMTR), the contractor to Transnet.

Deliveries under both orders are expected to be completed by the end of 2017.

Harsco Rail is a global market leader for railway track maintenance and construction, with a broad range of high quality equipment, cutting-edge technology and support to major railroads worldwide. To learn more, visit www.harscorail.com.

Harsco Corporation (NYSE: HSC) 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.

 

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