MultiServ Extends Services at Ternium and Siderperu
08/17/2007 - Harsco’s MultiServ division enters multi-year contracts extending its on-site mill services at three Mexico-based operations of Ternium, one of the leading steel companies in Latin America, and at Siderperu, Peru's largest steel producer.
Harsco Corp.’s MultiServ division will expand its services to two of the leading steel producers in Latin America under multi-year contracts that are expected to generate more than $15 million in additional new revenues over their duration.
The contracts further extend MultiServ's on-site mill services at three Mexico-based operations of Ternium, one of the leading steel companies in Latin America, and at Siderperu, Peru's largest steel producer.
At Ternium Hylsa's flat rolled steel manufacturing plant in Monterrey, Mexico, MultiServ has been awarded a new five-year contract that expands the division's responsibilities to include handling the mill's iron ore and other raw materials. The latest addition extends a 40-year MultiServ presence at this site.
MultiServ was also awarded additional responsibilities for scrap-basket handling at Ternium's Apodaca long products plant, and a multi-year renewal of its coil handling and transport services at Ternium's Puebla long products plant.
MultiServ's contract in Peru at the Siderperu steelmaking plant expands the division's responsibilities to include work in such areas as on-site slag transport, slag processing and metal recovery. The Siderperu mill was acquired last year by the Gerdau Group, and the new contract follows Gerdau's strong outsourcing relationships with MultiServ at several other locations.
Ternium, a member of the worldwide Techint Group, consolidates the operations of Hylsa in Mexico, Siderar in Argentina, and Sidor in Venezuela. Ternium also recently announced its acquisition of Grupo Imsa, a steel manufacturer with operations in Mexico, the U.S., and Guatemala.
Gerdau, the largest producer of long steel in the Americas, has mills in Argentina, Brazil, Canada, Chile, Columbia, Mexico, Peru, Uruguay, and the U.S. Newly revitalized under Gerdau's ownership, the Siderperu mill is on track to nearly double its production output by the end of this decade.
Harsco's MultiServ mill services division serves the world's leading steel and metals companies as an integral, on-site service partner at more than 160 mills in over 30 countries. The division custom-tailors its services to each location, drawing from a comprehensive range of professional outsourced services that support virtually every stage of the steel and metals production process, from incoming raw material processing to the environmental recycling of production by-products.
Harsco is one of the world's leading diversified industrial services companies, serving major customers in the non-residential construction, steel and metals, energy and railway industries. The company posted 2006 revenues of $3.4 billion and employs approximately 21,500 people worldwide.
