October 07, 2008

Harsco Corporation in advance stage of divesting Harsco GasServ

Worldwide industrial services and products company Harsco Corporation has announced that it is in the advanced stages of completing its previously announced plans for divesting its Gas Technologies business group, Harsco GasServ.

Harsco announced its intentions to pursue the divestiture of the Harsco GasServ business in January 2007, consistent with the Company's overall strategic focus on industrial services.

Mr Derek C Hathaway chairman & CEO of Harsco said "We have made significant progress and are at an advanced stage in the sale process. We now anticipate that the transaction will be completed within the fourth quarter of this year and we continue to take all appropriate actions to ensure a transaction that is in the best interests of Harsco stockholders."

Harsco Corporation is one of the world's leading diversified industrial services companies, serving major customers in the non residential construction and infrastructure, steel and metals energy and railway industries. The Company posted 2006 revenues of USD 3.4 billion and employs approximately 21,500 people worldwide. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index.