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Harsco Signs $50 Million Contract for EPA-Led Cleanup of Alabama Steel Site

HARRISBURG, Pa., Nov 3, 2009 (GlobeNewswire via COMTEX) -- By Staff

Company: Harsco Corp. (HSC)

Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today the signing of a new multi-year environmental services contract valued at more than $50 million to handle the metal recovery and on-site removal of decades-old slag stockpiles left behind by a former steel manufacturing plant in Gadsden, Alabama.

Under the contract signed with overall site manager, CMC, Inc., Harsco will install and operate an on-site metal recovery and slag processing operation that will process an estimated three million cubic yards of slag materials still remaining from the former Gulf States Steel facility which filed for bankruptcy in 1999. Harsco will recover the slag's valuable metallic content and process the remaining material so that it can be responsibly recycled or placed in a landfill. Harsco's operations, scheduled to begin in January 2010, are expected to create approximately 20 new jobs, all of which the Company plans to fill with local hires. The EPA has said it expects the project to be fully funded by the commercialization of the recovered metals, and considers it a potential model for future cleanup of similar sites throughout the United States.

Harsco Corporation is a diversified industrial services company serving global industries that are fundamental to worldwide economic growth, including infrastructure, metals, railways, and energy. Harsco is recognized as one of the Fortune 1000 leading companies in America and has been named five times to the Platinum 400 list of the best big companies by Forbes magazine. Harsco's common stock is a component of the S&P Mid Cap 400 and the Russell 1000 index. Additional information can be found at Harsco's website at www.harsco.com.

The Harsco Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=361

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Harsco Corporation 

CONTACT:  Harsco Corporation
Investor Contact
Eugene M. Truett
717.975.5677
etruett@harsco.com
Media Contact
Kenneth D. Julian
717.730.3683
kjulian@harsco.com

Copyright (C) 2009 GlobeNewswire. All rights reserved

News Provided by COMTEX

Company: Harsco Corp. (HSC)


Related terms: alabama, bankruptcy, contract, economic growth, energy, environmental services, epa, index, industrial, landfill, local, magazine, manufacturing, metals, nyse, plant, steel

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