Harsco’s MultiServ unit secures pact in China, extends Brazil deal

Nov 02, 2007 | 09:38 AM | Michael Marley

Harsco Corp.'s MultiServ mill services division signed two contracts—one involving a Chinese mill and another an extension of an existing contract in Brazil—valued at nearly $110 million.

The deal in China, a 12-year agreement valued at more than $50 million, calls for MultiServ to manage the scrapyard at Ningbo Iron & Steel Co. Ltd., one of China's newest and largest steel operations.

Under the terms of the contract, MultiServ will handle the receipt and stocking of scrap at the new mill, and will also be responsible for loading scrap to the mill's prescribed menus and transporting it on a real-time basis to the mill's melt shop, Harsco said in a statement. MultiServ's operations also will include a computerized scrap management system capable of expansion in line with the mill's expected production increases.....

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