HARSCO'S INFRASTRUCTURE SECURES MULTI-YEAR REFINERY
May 31, 2012
CAMP HILL, PA (May 31, 2012) . . . Global industrial
services and engineered products company Harsco Corporation
(NYSE: HSC) announced today the multi-year contract renewal
and expansion of its onsite access and insulation services
to a major oil refinery in the Netherlands under an award
valued at close to $30 million over its duration.
The five-year contract renewal from Zeeland Refinery N.V.
expands Harsco's exclusive onsite role for providing 24/7
access support and repairs to the plant's mechanical
insulation, a critical component of refinery operations
that mitigates heat loss and reduced crude oil production
due to thermal inefficiencies. A typical refinery plant can
have more than 350 miles of insulated piping (1.85 million
linear feet), operating at temperatures in excess of 600
degrees. Harsco supports Zeeland Refinery with dedicated
scaffolding support and services for the maintenance and
repair of both its thermal and cold insulation, and under
the expanded framework agreement, will also now provide
mobile elevated work platforms and other access services.
The refinery, a joint venture of France-based Total S.A.
and Russia's OAO Lukoil, processes approximately 7,500 kt
of crude oil and 2,500 kt of heavy fuel oil annually.
The award reflects Harsco's growing role in providing
large-scale, recurring industrial plant maintenance
services on a global basis, including specialized services
for mechanical insulation at leading petrochemical and
refinery operations. These latter services have continued
to play an increasing role since the Company's two
specialty acquisitions in this sector: its 2006 acquisition
of the Cleton industrial maintenance service operations in
the Netherlands, Belgium and Germany and its 2009
acquisition of the UK-based Nicol, businesses, which also
include industrial site cleaning and painting services.
Announcing the award, Harsco Infrastructure Group CEO Ivor
J. Harrington said, "Given that these plants are
operational 24/7, the most important performance criteria
are safe working practices and reliable service. In both
respects, Harsco has earned A-class supplier status, which
is a great testament to Harsco's people and safety, and
will continue to be a key factor in future awards."
Harsco Corporation is a diversified industrial company that
is helping build the world by providing essential services
and products to fundamental global industries, including
steel and metals production, construction, railways and
energy. Harsco's common stock is a component of the S&P
MidCap 400 Index and the Russell 1000 Index.www.harsco.com.
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