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Harsco
MultiServ to Process Slag at Provo, Great Lakes
May 23, 2007 Harsco Corp. announced that its MultiServ mill services division has been awarded three new contracts, all related to the growing commercial and environmental demands for environmentally responsible on-site processing and recycling of steelmaking slag by-products.
MultiServ will process a six million ton stockpile of iron and steelmaking slag at the site of the former Geneva Steel Works under a new multi-year agreement with Anderson Geneva Development of Vineyard, Utah. Products will be prepared for commercial re-use by the aggregate and construction industries, where they could be used in road building and asphalt paving, drainage control and other applications. The products could also be used as a raw feed for the production of Portland cement by cement makers throughout the Western United States.
The former Geneva Steel site, which is located some 40 miles south of Salt Lake City, comprises approximately 1750 acres of prime land that is poised for redevelopment by Anderson Geneva. MultiServ's processing of the remaining by-product stockpiles is seen as a key step in preparing the site for renewal.
In Michigan, MultiServ will further expand its role at United States Steel Corp.'s Great Lakes works with the assumption of responsibility for in-plant material transport of certain steelmaking by-products. These by-products materials are blended and recycled back into United States Steel’s as feeder briquettes, a process that MultiServ also provides through its National Recovery Systems operations. MultiServ's newly added responsibilities for the transport and flow of materials should further enhance production throughput at the briquetting plant.
In New Zealand, MultiServ will process a long-standing stockpile of steel slag material on behalf of New Zealand Steel (NZS). NZS hopes to utilize the recovered scrap content for sale into the external market. NZS is New Zealand's largest steel producer, with annual production of about 600,000 tonnes of slab for the domestic and international markets. The new work continues a more than 25-year relationship as New Zealand Steel's primary on-site mill services contractor.
The three new contracts – two in the United States and one in New Zealand – are expected to generate additional new service revenues in excess of $35 million over their duration. Harsco’s announcement of the three new contracts came one day after the company signed a major new sales contract from China for rail grinders that is expected to generate new revenues of more than $350 million, and continues a string of recent Harsco contract announcements that also includes new awards in France, Poland, Brazil, Dubai and the United States.
Harsco is one of the world's leading diversified industrial services companies, serving major customers in the non-residential construction, steel and metals, energy, and railway industries. The company recorded 2006 sales of $3.4 billion and employs approximately 21,500 people in 46 countries of operation.