HARRISBURG, Pa., March 27, 2001 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that its Heckett MultiServ Division, the world's leading provider of outsourced, on-site mill services to the international steel and metals industry, will initiate services to Guatemala's primary steel producer under a new five-year contract.
The contract from Siderúrgica de Guatemala S. A. (Sidegua) follows a substantial plant modernization and upgrade program undertaken by its owners, the privately-held Aceros de Guatemala group, and introduces a wide range of Heckett MultiServ services, including metal recovery, metallic scrap processing and scrap yard management. Heckett MultiServ will also process and market the mill's de-metallized slag aggregates for use in local highway and road construction projects.
Terms of the agreement, Heckett MultiServ's first with Sidegua, were not disclosed. The Sidegua mill produces wire rod, reinforcing bars and light angles for the construction industry. The contract will be managed by Heckett MultiServ's West Region operations, and continues the Region's strategic expansion into markets outside North America, including, Argentina, Brazil, Chile, Trinidad and Venezuela. Heckett MultiServ's East Region operations, headquartered in London, serve the European, Middle East, Africa, Asia, and Australasia markets. On a worldwide basis, Heckett MultiServ serves more than 160 mills in over 30 countries, with more than 75 percent of its revenues coming from outside the United States.
Harsco Corporation is a $2 billion industrial services and products company serving the worldwide infrastructure development, steel, railway transportation, gas and energy industries. The company employs more than 20,000 people in 38 countries. Additional information about Harsco, including its Heckett MultiServ Division, can be found at www.harsco.com.