Harsco Division Expands Services at Latin American Plant

Harsco Corp. announced that its MultiServ mill services division will significantly expand its services to Guatemala's leading steel producer under a new ten-year contract that is expected to more than double MultiServ's revenues at this location to nearly $50 million over the contract duration.

MultiServ has been supporting the Siderurgica de Guatemala S.A. mill since 2001 with a range of on-site melt shop, slag processing and scrap yard services. The mill, owned by Aceros de Guatemala group, produces wire rod, reinforcing bars, and light angles for the construction industry.

This latest contract adds a new scrap shredding service that will supplement the mill's investments in facility modernization to allow increased production levels of as much as 50 percent.

MultiServ will be responsible for receiving and sorting the mill's incoming scrap, installing and operating the on-site scrap shredder plant, and loading, weighing and transporting shredded scrap to the mill's melt shop.

The service is patterned after MultiServ's ongoing success with a similar operation in Brazil. Work is scheduled to begin in early 2006, and is expected to generate positive Economic Value Added (EVA(R)) for Harsco from its first year of operation.