Harsco Signs Agreement to Provide Logistics Services to Largest Stainless-Steel Mill in Europe

4 April 2019

Harsco Corporation today announced that its Metals & Minerals division has signed a seven-year contract to provide onsite logistics services at Outokumpu’s stainless-steel site in Tornio, Finland. Under the terms of the $28 million agreement, Harsco will provide scrap transport using a fleet of fuel-efficient and technologically-advanced trucks. The Tornio site is one of Outokumpu’s four integrated plants, and specializes in producing high-performing stainless-steel grades.

The signing of this agreement further expands Harsco’s relationship with Outokumpu. It also marks Harsco’s first service agreement at a Finnish site, further extending the Company’s reach in Europe.

“We are pleased to build on our relationship with Outokumpu, and look forward to helping them to manage their scrap transport safely and efficiently,” said Harsco Metals & Minerals Chief Operating Officer Russ Mitchell. “This also is an important strategic win for Harsco, as it expands both our map of operating locations, and our reach into the stainless-steel market.”

About Outokumpu

Outokumpu is the global leader in stainless steel. Outokumpu’s customers use it to create civilization’s basic structures and its most famous landmarks. Stainless steel is sustainable, durable and designed to last forever. Outokumpu employs 10,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki.

About Harsco Corporation

Harsco Corporation is a 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.

Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at over 130 customer sites across more than 32 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams. Visit www.harsco-m.com to know more.

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Source: globenewswire.com