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
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).
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