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Harsco Corporation renews over USD120m multi-year service deals in the US.

M2 EQUITYBITES-May 23, 2012-Harsco Corporation renews over USD120m multi-year service deals in the US(C)2012 M2 COMMUNICATIONS

Industrial engineered products company Harsco Corporation (NYSE:HSC) said on Tuesday that it has received three multi-year service contract renewals in the US with combined revenues of more than USD120m over the duration.

The customers are two US steel making locations and the Geneva Steel works in Vineyard, Utah.

Under an agreement, Harsco will continue providing its long-standing onsite services at the two US steel making locations as well as its remediation of a former steel making site, the now-closed Geneva Steel works in Vineyard, Utah, where it will continue its resource recovery services in preparation for the site's pending redevelopment.

According to the company, the massive 1,700 acre, master-planned Geneva community on the shores of Utah Lake expects to add 7,500 new residential homes and 11m square feet of office, industrial and retail space.

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Publication:M2 EquityBites (EQB)
Date:May 23, 2012
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