Harsco Signs $125M Agreement with Chinese Plate Mill
02/05/2016 - Harsco Corp. has landed a 15-year, US$125 million contract to provide additional mill services at Hebei Iron & Steel Group’s Tangshan plate mill, the company has announced.
Through the agreement, Harsco said it is furthering its relationship with the mill, one of two subsidiaries under Hebei’s Tangshan Iron and Steel Group, known as TangSteel.
Harsco has been providing the mill with a range of slag handling and metal recovery services through a Harsco-led joint venture. Now its role also will include a new metal recovery plant, a BOF briquetting operation and a steambox slag-cooling process.
“We are particularly proud to add to our strong relationship with HBIS and its flagship TangSteel operations,” said Harsco president and CEO Nick Grasberger in a statement.
“Over the past decade, we have worked side-by-side as a technology and service partner to deliver efficiency improvements and enhanced environmental performance to these major operations. Our aims and those of HBIS and TangSteel are firmly aligned on these objectives.”
The mill produces premium-grade plates and sections used in structural applications and shipbuilding.
The contract will be under the auspices of Harsco’s metals and minerals division. Yan Zhang, a 19-year Harsco veteran who recently was named the division’s regional president for China, will ultimately be responsible for its execution.
Harsco said the contract expands Harsco’s already substantial market presence in China, where the company serves not only the steel industry through the metals and minerals division, but also the Chinese rail sector through its rail division and the industrial grating sector through its industrial division.
Harsco said in November that it would pursue strategic options for separating the metals and minerals segment from the rest of the company.
Harsco has been providing the mill with a range of slag handling and metal recovery services through a Harsco-led joint venture. Now its role also will include a new metal recovery plant, a BOF briquetting operation and a steambox slag-cooling process.
“We are particularly proud to add to our strong relationship with HBIS and its flagship TangSteel operations,” said Harsco president and CEO Nick Grasberger in a statement.
“Over the past decade, we have worked side-by-side as a technology and service partner to deliver efficiency improvements and enhanced environmental performance to these major operations. Our aims and those of HBIS and TangSteel are firmly aligned on these objectives.”
The mill produces premium-grade plates and sections used in structural applications and shipbuilding.
The contract will be under the auspices of Harsco’s metals and minerals division. Yan Zhang, a 19-year Harsco veteran who recently was named the division’s regional president for China, will ultimately be responsible for its execution.
Harsco said the contract expands Harsco’s already substantial market presence in China, where the company serves not only the steel industry through the metals and minerals division, but also the Chinese rail sector through its rail division and the industrial grating sector through its industrial division.
Harsco said in November that it would pursue strategic options for separating the metals and minerals segment from the rest of the company.
