Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 
FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
CAMP HILL, Pa., Feb. 04, 2016 -- Global industrial company Harsco Corporation (NYSE:HSC) announced today a new 15-year contract for onsite mill services at the Tangshan plate mill facility of China’s largest steelmaker, Hebei Iron & Steel (HBIS) Group.
The plate mill is one of two subsidiaries of Hebei’s Tangshan Iron and Steel Group, known as TangSteel, served by Harsco. Since 2011, Harsco has supported the plate mill with a range of slag handling and metal recovery services through a Harsco-led joint venture relationship, and this latest award, valued at approximately $125 million over the contract duration, builds on the previous effort. Harsco will significantly expand its role to encompass a new metal recovery plant, BOF briquetting operation and a new, innovative steam-box slag cooling process, as the plate mill consolidates and expands its production capacity to 4 million tpa. The mill produces premium-grade plates and sections used in various structural applications and shipbuilding.
In announcing the latest award, Harsco President and CEO Nick Grasberger said, “We are particularly proud to add to our strong relationship with HBIS and its flagship TangSteel operations. Over the past decade, we have worked side-by-side as a technology and service partner to deliver efficiency improvements and enhanced environmental performance to these major operations. Our aims and those of HBIS and TangSteel are firmly aligned on these objectives.”
The new contract adds to Harsco’s substantial market presence in China, where the Company serves not only the steel industry through its Harsco Metals & Minerals division, but also the Chinese rail sector through its Harsco Rail division, and the industrial grating sector through its Harsco Industrial division. The new plate mill contract will operate under the Harsco Metals & Minerals division, where Mr. Yan Zhang, a 19-year veteran of the Company and its mill services’ operations, has recently been named the division’s Regional President for China.
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry, with operations at approximately 140 customer sites across more than 30 countries. The division provides leading steel and metals producers with economically and environmentally viable solutions for the treatment and reuse of their production waste streams.
About Harsco Corporation
Harsco Corporation is a leading diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.
Investor Contact David Martin 717.612.5628 [email protected] Media Contact Kenneth Julian 717.730.3683 [email protected]
