August 22, 2008

MultiServ bags 3 contracts in Australia, Italy and UK

Worldwide industrial services company Harsco Corporation announced that its industry leading mill services division MultiServ has been awarded multi year contracts in Australia, Italy and the UK that include USD 15 million in combined new revenues over their terms.

1. MultiServ has received a 7 year contract extension from OneSteel at its operations at Victoria in Australia that includes new responsibilities for a range of melt shop and property services previously handled by outside contractors. The contract adds to a nearly 20 year MultiServ presence at this location.

2. In Italy, MultiServ has been awarded a new contract to provide manual slab scarfing and oxycutting services at Duferco's Verona Steel Spa plate mill. MultiServ's scarfing services remove surface and sub surface imperfections on steel slabs prior to rolling. The plant is in the heartland of Italy's steelmaking zone adjacent to the Ferriera Valsider. Under a JV signed last year between Duferco and Novolipetsk Steel, the Verona Steel works is being upgraded with a 25% capacity increase to handle and process high quality steel slabs produced by NLMK.

3. Under a new contract from Corus Group's Teesside Beam Mill in the UK, MultiServ will provide round the clock handling and stockyard management of incoming steel slabs from the nearby Scunthorpe works for processing at the Teesside beam rolling mill in accordance with the mill's production schedules. The Teesside plant is regarded as one of the most efficient structural section rolling mills in the world, handling approximately 750,000 tons per year and producing a range of structural beams and columns for the construction industry.

Harsco's MultiServ division is the world's largest provider of on site, outsourced mill services to the steel and metals industries, serving some 170 sites in 35 countries.