October 12, 2008

Harsco receives new contracts of USD 24 million

Worldwide industrial services company Harsco Corporation announced two new international contracts totaling more than USD 24 million in projected new revenues as the Company continues to see strong market opportunities in key international market sectors.

Harsco's Access Services group has won a two year contract to provide rental scaffolding and concrete formwork equipment and services during the construction of a new 800 bed hospital in the central belt of Scotland. Already underway, the new Forth Valley facility ranks as Scotland's largest public sector construction project. Harsco's contract from UK construction giant Laing O'Rourke continues the Company's strong presence in the public works sector and follows a similar contract announced by Harsco last month with French construction leader Eiffage to support the construction of a major new hospital in France.

Harsco's Mill Services group has been awarded a multi-year extension of its ongoing services to one of Brazil's leading steel mills, the Gerdau Acominas mill in Minas Gerais state. Harsco's contract includes a significant expansion of responsibilities as the mill has completed an increase in its production output from 3 million tons to approximately 4.5 million tons per year. A long standing Harsco customer at several locations, the Gerdau Group is one of the agents in the consolidation process of the global steel business, the largest producer of long steel in the Americas, and the world leader in long specialty steel for the automotive industry.