NEW YORK Harsco Corp. has
signed a $225-million multiyear contract with JSW Steel Ltd. to
provide onsite services at the Indian steelmakers
Harsco will provide resource
recovery and slag management services at the Vijayanagar plant
beginning in the second half of 2013.
"This is another major
opportunity to extend Harscos industry leadership within
one of the worlds principal steel-producing economies,"
Harsco Metals & Minerals Group chief executive officer
Galdino Claro said in a statement Thursday. "We continue to
build a stronger presence in this strategically important and
The contract adds to
Harscos operations at JSWs Indian plants. The Camp
Hill, Pa.-based company already provides industrial services at
Vijayanagar and at JSW Ispat Steels plant in Maharashtra.
JSW is Indias largest steel producer, with a production
capacity of 14.3 million tons per year.
A company spokesman told
AMM that Harsco plans on further expansion in India,
which currently ranks fourth among the worlds largest
steel-producing countries, according to data from the World
"Weve issued a number of
new contract announcements and we anticipate further growth
down the road in India," the spokesman said. "Clearly they are
on a growth expansion curve, and we see good opportunity to
build our footprint and work with the very largest steelmakers
within that country."
Harsco is looking into deals
with other Indian steelmakers, he said, but would not provide
Harsco declined to name the
length of the JSW contract, but the spokesman said it fell
within the five- to 10-year range typical for its