PITTSBURGH TMS International Corp. has secured new
overseas contracts with steel mills in Poland, Belgium and the
United States as well as entered into a joint venture in
The terms of the contracts and the new joint venturewhich
will contribute more than $266 million in revenue over the life
of the dealsare for a variety of outsourced services,
TMS, the parent of Tube City IMS Corp., said in a release.
TMS expects to begin phase-in services at the mill in Poland in
March and be fully operational there by the second quarter of
2014. It will oversee the transportation, processing and sale
of slag as well as handle the mills scrap metal from
receiving through delivery to charge buckets. In March, TMS
will also begin to recover iron units from an existing slag
pile at the mill.
Its push into Poland is aimed at expanding TMS global
This new contract win in Poland further expands and
solidifies TMSs relationship with a leading global steel
producer, president and chief executive officer Raymond
Kalouche said. We will build on these successes by
continuing to expand into new markets.
The contracts with mills in Belgium and the United States will
expand its presence in both countries through existing
customers, the Pittsburg-based company said.
TMS has also purchased a noncontrolling interest in a joint
venture to provide mill services to a Malaysian steelmaker. The
partnership will process and resell slag generated at the