Harsco Receives Multi-Year Contract at New Tata Steel Plant in India

CAMP HILL, Pa., May 09, 2017 -- Harsco Corporation (NYSE:HSC) announced today a new Metals & Minerals division contract to provide metal recovery and slag sales services at an all-new steel mill now underway in India.

The multi-year contract, valued in excess of $25 million over its duration, calls on Harsco to support the new, state-of-the-art Tata Steel Kalinganagar works, a major integrated steel plant producing high-end flat products for domestic and export markets.  Harsco will also be responsible for developing the commercialization of slag in the region, a specialized service and product discipline in which Harsco is the world leader.  The contract adds to Harsco’s growing multinational relationship with Tata Steel.

Announcing the agreement, Harsco Metals & Minerals chief operating officer Chris Whistler said, “By delivering exceptional performance and pacesetting innovation, our aim is to build on this award and become the preferred long-term partner for all of Tata’s India operations.”

About Harsco’s Metals & Minerals Division
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry.  The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use.  Its operations span approximately 140 customer sites across more than 30 countries.

About Tata Steel
Tata Steel Group stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes per annum (MTPA) and a turnover of US $17.69 billion in FY16. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.  Established in 1907, the Group’s vision is to be the world steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct.  Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness, and transparency.  Having received the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel Group has now been recognized as the global industry leader in the steel category by the Dow Jones Sustainability Index.  Besides being one of the worldsteel association’s Climate Change Action members, Tata Steel has also been awarded the CII ITC Sustainability Prize, presented by the CII – ITC Centre for Excellence for Sustainable Development; the TIME India award-2016 for Best-in-Class Manufacturing; the Prime Minister’s Trophy for the best performing integrated steel plant, many times; as well as several other awards and recognitions.

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