MultiServ Expands Contracts at Latin American Mills

Harsco Corp. announced that its MultiServ division will expand its services to two Latin American steel producers under multi-year contracts that are expected to generate more than $15 million in additional new revenues over their duration.

The contracts extend MultiServ's on-site mill services at three Mexico-based operations of Ternium, and at Siderperu, Peru's largest steel producer.

At Ternium Hylsa's flat rolled steel manufacturing plant in Monterrey, Mexico, MultiServ has been awarded a new five-year contract that expands the division's responsibilities to include the handling of the mill's iron ore and other raw materials. The latest contract adds to a 40-year MultiServ presence at this site. MultiServ has also been awarded added responsibilities for scrap basket handling at Ternium's Apodaca long products plant, and a multi-year renewal of its coil handling and transport services at Ternium's long products plant in Puebla.

MultiServ's contract in Peru at the Siderperu steelmaking plant expands the division's responsibilities to include work previously performed by the mill in such areas as on-site slag transport, slag processing and metal recovery. The Siderperu mill was acquired last year by the Gerdau Group, and the new contract follows Gerdau's strong outsourcing relationships with MultiServ at several other locations. Gerdau is the largest producer of long steel in the Americas, with mills in Argentina, Brazil, Canada, Chile, Columbia, Mexico, Peru, Uruguay and the United States. Newly revitalized under Gerdau's ownership, the Siderperu mill is on track to nearly double its production output by the end of this decade.