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China,United States : Harsco Signs 20-Year Environmental Services Contract With China\'s Largest Steelmaker Valued in Exces
Publish Date : 22-Jun-2012
Worldwide industrial services and engineered products company Harsco Corporation announced today its signing of a 20-year services contract for the environmentally-beneficial handling and processing of steelmaking by-products with Tangshan Iron & Steel, the flagship site of China’s largest steelmaker, Hebei Iron & Steel (HBIS) Group, the second largest producer of steel in the world.
The contract significantly expands Harsco’s existing resource recovery services at the Tangshan works under a new joint venture relationship led by Harsco that focuses directly on improving the surrounding environment from steelmaking operations. At anticipated production levels, the new agreement is expected to generate revenues in excess of $375 million over its duration.
The contract signing was marked by official ceremonies held last week in Hebei Province and attended by senior Company and government officials. Mr. Yu, Yong, Chairman and President of Tangshan Iron and Steel Group (Tangshan Steel), said at the ceremony, “Harsco is one of the premier service providers to the steel industry. It has state of the art technology and a team made up of dedicated professionals. In the past ten years since our cooperation started, Harsco has shown the world the best services in slag processing. They have made great contributions to protecting the environment of the city of Tangshan.
