Harsco Lands Contracts with Two Austrian Firms

Harsco Corp. has announced new agreements between Harsco Minerals and two of Austria's leading stainless and specialty steel producers to recycle their metalmaking slags into commercial applications. The 10-year agreements have a combined revenue potential of up to $100 million over their duration, and both automatically renew for successive 5-year periods.

"These substantial new relationships demonstrate Harsco's broad international scalability in the integrated metals and minerals sector," said Salvatore Fazzolari, Harsco chairman and CEO.

Working in collaboration with Germany-based Scholz Recycling AG, Harsco will process the existing stockpiles and future slag outputs of two of the leading mills in Austria, Bohler Edelstahl and Breitenfeld Edelstahl. Harsco will assume full responsibility for recovering the slag's high-value metallic content for re-sale to commercial markets while also generating aggregate materials for use in a broad range of external applications, from road construction to civil works.

Bohler Edelstahl is one of the world's leading manufacturers of high speed steels, tool steels and specialty materials while Breitenfeld produces corrosion-resistant and other specialty steels for the offshore engineering, aerospace and automotive industries.

To service these companies, Harsco Minerals will construct and operate a slag processing and metal recovery facility in Austria to handle the materials. The new facility is expected to be operational toward the end of next year.