HARRISBURG, Pa., May 11, 2010-- Worldwide industrial services and engineered products company Harsco Corporation announced today new contracts in the Gulf Region of the Middle East totaling close to $5 million over three years that will make Harsco one of the leading environmental services providers to that region's growing aluminum industry.
Operating through a Harsco-controlled joint venture partnership in Bahrain called AluServ, Harsco serves the Gulf Region as one of the leading processors of aluminum dross, a metal-containing by-product of aluminum production. As the region continues to expand its aluminum output, Harsco is responding with the installation of a state of the art Rotating Tilting Furnace (RTF) that will make Harsco the largest dross processor in the Gulf Region and also enable the Company to serve an increasing number of customers. The new RTF facility will be integrated with a new salt cake processing plant also being installed by Harsco that will give the region an environmentally-responsive, zero waste solution for the recycling of aluminum dross.
Announcing the latest contracts, Harsco Metals CEO Galdino Claro said, "Increasing our environmental solutions presence in the Gulf Region's aluminum industry aligns well with our twin strategies for broadening the non-ferrous footprint of our Harsco Metals business while building strong and expandable positions within the world's emerging market economies." Harsco expects to pursue additional growth opportunities as the Gulf Region continues to benefit from investments in new plant construction and expansion from some of the world's leading aluminum producers.
Harsco Corporation is one of the world's leading diversified industrial services and engineered products companies, serving key industries that play a fundamental role in worldwide economic development. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
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