PITTSBURGH Harsco Corp. has secured another contract in India after signing a long-term contract with Essar Steel India Ltd.
The Camp Hill, Pa.-based mill services provider will provide slag management and metal recovery services at Essars Hazira facility. The work, which is expected to begin in the third quarter of 2014, will add $160 million in revenue during its 15-year duration.
Hazira has an annual capacity of 10 million tons per year.
Harsco has indicated it is now focused on building relationships in growing economies, including Brazil, China and India (amm.com, May 13).
"Working with high-caliber producers in India continues to align our presence with some of the worlds principal steelmakers, particularly as global production increasingly shifts to major emerging markets," Harsco president and chief executive officer Patrick Decker said.
The Hazira deal is Harscos third contract announcement in India over the past six months, having secured other contracts with JSW Steel Ltd. and Jindal Stainless Ltd. The three Indian contracts will result in more than $500 million in revenue over the next 10 to 15 years.