2011-03-24 Harsco receives additional multi-year scaffolding contract from Tata steel worth close to $10 million
Worldwide industrial services and engineered products company Harsco Corporation (NYSE: HSC) announced today a further award from Tata Steel to provide industrial scaffolding support of plant maintenance activities at one of its major operations. The contract, valued at close to $10 million over its 3-year term, provides for 24/7 scaffolding support of the 2,000 acre Tata Steel plant in Scunthorpe, UK, a major location where Harsco Metals also provides onsite metal recovery and material handling services to Tata Steel’s steelmaking operations.
The award reinforces Harsco Infrastructure’s increasing global focus on the industrial maintenance and infrastructure sectors and also demonstrates the Company’s growing multi-discipline relationship with the Tata Group. Last week, Harsco announced similar industrial scaffolding orders in India totaling more than $8 million with Tata Steel, Tata Power and Tata Mines.
Harsco’s industrial maintenance expertise was seen as a principal factor in winning the award, as the Company identified key areas in which savings could be made through increased efficiencies and reduced waste. “Our decision to move to a new work-at-height contract provider was not one that was taken lightly,” said Dave Jones, Contracts Manager at Tata Steel in Scunthorpe. Unlike traditional scaffolding arrangements in which scaffolding providers normally charge by the hour based on how many and how long their scaffolders were provided, Harsco Infrastructure proposed a solutions-focused approach built around each project requirement. “The development of this solutions-focused approach will be a radical change but one that will save us a lot of money,” said Jones. “These savings along with Harsco’s best-in-industry operations standards give me confidence that benefits across the whole site will be felt quickly.“ Harsco Infrastructure is one of the world’s largest and most complete providers of engineered scaffolding, shoring and forming systems for major construction and industrial maintenance projects.
Commenting on the award, Executive Vice President and Harsco Infrastructure Group CEO Ivor Harrington said, “This order from one of the world’s largest blue chip organizations highlights the progress that we are making in increasing our presence in the key industrial and infrastructure sectors. Our combination of experience and expertise puts us in position to serve some of the biggest players in these important markets, and deliver the improved performance that our customers and shareholders expect.”
Harsco Corporation is one of the world’s leading diversified industrial services and engineered products companies. The Company serves industries that are fundamental to global infrastructure development and economic growth including metals, construction, 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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