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May 2006 — Harsco Corp.’s MultiServ mill services division has won new service responsibilities at three steel mills in France, Italy and Brazil that are expected to generate approximately $17 million in additional new revenues over the contract durations. The new responsibilities come as additions to long-term contract renewals at two locations and an all-new contract at one location.

At the Ascometal Fos-sur-Mer plant in France, MultiServ will add scrap yard management and the operation of Ascometal’s scrap handling cranes to its service responsibilities under a new seven-year contract extension. The added responsibilities, previously performed by a competitor, further expand MultiServ's on-site relationship which began in 1974. The Fos-sur-Mer works specializes in large-diameter products and wire.

In Brazil, MultiServ will expand its ongoing services at the Acesita stainless works, one of Latin America's leading producers of special stainless and silicon steels. MultiServ will introduce a slag pot hauling service to handle the mill's ferro-chromium slag. Acesita currently produces approximately 850,000 tons of stainless and other specialty steels per year. MultiServ has operated at the Acesita site since 1981.

In Italy, MultiServ will undertake its first contract at the Ferriera Valsider steel works, a relatively new hot rolling mill in the heart of Italy's steelmaking region that has been operating since 2001. Ferriera Valsider produces heavy plate and coils. MultiServ's contract calls for a range of slab logistics services, including slab handling, oxy-cutting and manual slab scarfing. The operations capitalize on MultiServ's industry-leading experience in slab processing and surface scarfing, a quality-enhancing process that removes surface imperfections on slabs prior to rolling.

Announcing the contracts, MultiServ President and CEO Geoffrey D. H. Butler said, "These awards underscore our two principal growth strategies within the MultiServ division, which are to expand our services to existing customers and to take on services with new customers. We believe there are significant additional opportunities for continued growth in both directions, as these latest awards help to demonstrate."

MultiServ is one of the world's largest providers of on-site, outsourced mill services to the steel and metals industry and operates under renewable long-term contracts at more than 160 locations worldwide.

Harsco offers diversified, worldwide industrial services and products to serve the global steel, construction, railway and energy industries. The company employs approximately 21,000 people in 45 countries of operation and recorded 2005 sales of $2.8 billion.

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