2011-01-14 New Industrial orders in The Netherlands totaling $9 million
Worldwide industrial services and engineered products company Harsco Corporation (NYSE: HSC) announced today two new industrial sector orders for its Harsco Infrastructure group totaling an estimated $9 million, reaffirming the group’s growing strategic emphasis on the worldwide industrial construction and plant maintenance sectors.
The new orders call for Harsco to provide insulation services for a new desulfurization plant now under construction at the massive Shell Pernis refinery in The Netherlands, where Harsco is also providing the access scaffolding during plant construction. The new plant will produce ultra-low-sulfur fuel in accordance with the latest European environmental standards, significantly increasing the site’s production capacity for clean diesel fuel and heating oil. Construction is expected to be completed by the end of this year. The new order furthers Harsco’s ongoing role at the Shell Pernis plant, where Harsco has been providing dedicated onsite scaffolding, insulation and painting services for the past several decades. Shell Pernis ranks as the largest refinery in Europe and also one of the world’s largest.
Harsco has also secured an order to supply scaffolding and insulation services for the construction of 15 new commercial storage tanks this year at the Vopak terminal in Vlaardingen, The Netherlands. The facility is one of the largest in the world dedicated to the handling and storage of oleochemicals and vegetable oils, a key component in the making of biofuels and other uses.
Announcing the awards, Harsco Executive VP and Infrastructure Group CEO Ivor Harrington said, “These latest orders highlight the strategies we now have in place to expand our role in large-scale industrial and infrastructure sector projects, where we see solid opportunity to better leverage our footprint, technical expertise and asset base to deliver improved performance.”
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 growth including metals, infrastructure, railways and energy. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
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