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North American Stainless Extends Service Contract with Harsco

03/09/2009 - Harsco Metals group is awarded a five-year contract renewal by North America Stainless, North America’s largest stainless steel production facility.

Harsco Metals group has been awarded a five-year contract renewal by North America Stainless, North America’s largest stainless steel production facility.
 
Under the new award, Harsco will focus its services on the higher-value hot work requirements including onsite molten slag and scrap handling services. Harsco also will reassign lower-end services for general labor, road watering, sweeping and scrap yard stacking to a handful of other companies.
 
“This new contract will facilitate a more positive commercial relationship and create a firm foundation on which to establish further growth opportunities that fit our strategic profile,” said Harsco President and CEO of the Harsco Metals group Geoffrey D. H. Butler, commenting on the award. “It outlines a more focused, higher value-adding service to achieve greater customer satisfaction.”
 
Harsco’s contract extension with North American Stainless covers a five-year period with provisions for rollover renewal. Valued at up to $50 million over its duration, the contract is said to represent win-win scenarios for both companies.
 
North American Stainless is owned by Acerinox SA, the world’s second largest stainless steel producer. Harsco also supports Acerinox through contracts in Spain and South Africa.
 
Harsco Metals is the world’s largest provider of on-site services to steel mills and other metals producers, serving an integral, on-site service partner at approximately 170 locations in 35 countries. Services include integrated materials handling, semi-finished and finished product management, and environmental recycling solutions for by-product management.
 
Harsco Corp. is one of the world’s leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery. The company employs approximately 20,000 people in 50 countries of operation and recorded 2008 sales of approximately $4 billion.