Displaying items by tag: Harsco

Spain/UK: Harsco’s Metals & Minerals division has won a multiyear contract with Spain’s Celsa Group. The agreement will span nine years with Celsa Barcelona and five years with its Cardiff operations. Under the deal, Harsco will provide Celsa Barcelona with on-site slag handling and scrap management services. The slag handling will include activities for under-furnace digging, ladle wrecking, and hot slag transport. In addition, Harsco’s scrap management experience will ensure the transport of scrap between the internal and external scrapyards, and the management of both sites. Celsa Cardiff will be provided with on-site metal recovery and meltshop services. No value for the deal has been disclosed.

US: Harsco has appointed F Nicholas Grasberger III as chairman of the board of directors. He succeeds David C Everitt, who has served as non-executive chairman since August 2014 and a director since 2010. Everitt has been appointed independent lead director.

Grassberger was elected to the board in 2014 following his appointment as president and chief executive officer (CEO) of the company. He joined Harsco in 2013 as chief financial officer (CFO) and has held progressively responsible financial and operations executive positions throughout his career. Prior to joining Harsco, Grasberger served as the managing director of the multinational Precision Polymers Division of Fenner. Before joining Fenner, he served as the CFO of Armstrong Holdings, the parent company of Armstrong World Industries, and later as CEO of Armstrong’s Building Products division.

Additionally, Carolann Haznedar has been elected as an independent director of the board. Haznedar is the recently retired Senior Vice President, Americas for DuPont Performance Materials. She holds more than 30 years of management experience, leading several global businesses in different industries during her tenure at DuPont.

UK: Harsco’s Metals & Minerals division has renewed a multi-year services contract with British Steel. The US-headquartered company will provide slag management, briquetting, slab handling, coke crushing and other services at the Scunthorpe steel plant. Harsco has provided onsite steel plant services to British Steel for over 30 years.

“Our team has been working very closely with British Steel since the acquisition of the Scunthorpe Steel Works in June 2016 to develop an innovative partnership that brings benefits to both parties,” said Russ Mitchell, Harsco Metals & Minerals chief operating officer.

Brazil: Harsco’s Metals & Minerals division has won a 10-year contract worth US$150m with ArcelorMittal Tubarao, a subsidiary of ArcelorMittal. The deal includes services such as meltshop cleaning, slag handling and crushing, metal recovery and drop ball services.

“We are excited to extend our long association with ArcelorMittal Tubarao for another 10 years,” said Harsco Metals & Minerals chief operating officer Russ Mitchell. “This agreement is key to maintaining our strong strategic presence in Latin America, and it underpins our commitment to our customer by delivering value and adding solutions with the highest quality and safety standards.”

ArcelorMittal Tubarao is one of the largest integrated steel mills in Brazil, with a production capacity of 7.5Mt/yr. It is a leading producer of flat carbon steel, used extensively in the manufacture of automobiles and household appliances. Located on the Vitória harbour, ArcelorMittal Tubarao is well connected to iron ore mines through railroads.

Slovenia: SIJ Acroni, part of SIJ Group, has acquired the operations and equipment for processing slag from Harsco Minerali for an undisclosed sum. Previously the company used Harsco Minerali for the service, according to the Slovenian Press Agency. SIJ Acroni has taken over both Harsco's activity and equipment, and invited all Harsco employees to join the company.

Harsco Minerali processed 0.2Mt of slag for SIJ in 2017. The company mainly processed old slag deposits but new slag is created on an on-going basis during steel production. The processing products are used as inputs for asphalt and other engineering materials including insulation, and some products can be recycled for steel production. Harsco Minerali reported sales of Euro12m in 2016 and a net loss of Euro0.22m.

"By taking over the equipment and operations of Harsco Minerali we shall process what was once waste material into a by-product that we shall use in the subsequent production process or sell as an input material for construction, road construction, and environment remediation," said SIJ Acroni managing director Branko Žerdoner.

Bahrain: Harsco’s Metals & Minerals division has renewed a multi-year services contract with Sulb Company, a manufacturer of multi-sized angles and beams in the Gulf Cooperation Council (GCC) region. Harsco will provide slag management, raw material and finished product handling, and other services to Sulb’s fully integrated Al-Hidd plant. Harsco has provided onsite steel plant services to Sulb in Bahrain since 2012 for its direct reduced iron (DRI) plant, melt shop and rolling mills.

“This renewal signals our ability to serve our existing customers, and further distinguishes us from our competition as we continue this growth phase. Harsco maintains a market-leading position in the Middle East and Africa region, and this renewal reflects our customers’ confidence and trust in our long-standing commitments to quality, safety and employee care,” said Harsco Metals & Minerals Chief Operating Officer (CEO) Chris Whistler.

Sulb is a joint venture between Foulath and Japan-based Yamato Kogyo. Sulb has two industrial sites, one in Saudi Arabia and one in Bahrain. Sulb’s Bahrain-based facility, which is situated in Al-Hidd Industrial Area, consists of a DRI plant, a melt shop and a Heavy & Medium Section rolling mill.

Turkey: Harsco and Tosyali Holding, a flat steel and steel pipe producer, have started a joint venture relationship for metal recovery services and slag sales at the Toscelik Osmaniye flat steel plant, a unit owned by Tosyali. The agreement with Tosyali marks Harsco’s first entry into Turkey’s steelmaking sector.

“Since slag disposal is one of the main challenges of the Turkish steel industry, we aim to recycle and recover these slag wastes,” said Tosyali’s board chairman Fuat Tosyali. He added the two companies intend to increase the number of slag disposal units in the country to handle 1.2Mt/yr of slag.

India: Harsco has announced a new Metals & Minerals division contract to provide metal recovery and slag sales services at Tata Steel's Kalinganagar steel mill in a multi-year contract valued at over US$25m. The company will be responsible for developing the commercialisation of slag in the region.

Egypt: Harsco’s Metals & Minerals division has signed a 10-year mill services contract worth US$60m with Egyptian Steel. The contract includes the provision of mill services at Egyptian Steel’s new Ain Sokhna plant project. Harsco will provide slag management, scrap management and material handling services, with future plans to design and operate onsite metal recovery and briquetting plants. Harsco’s services at the Ain Sokhna plant are scheduled to begin in January 2018.

“Our Metals & Minerals business is growing again and capturing new sites. This valued relationship with Egyptian Steel is built on the trust and confidence that we’ve developed through our exceptional teams,” said Harsco president and chief executive officer Nick Grasberger.

US: Harsco’s sales revenue has fallen by 16% year-on-year to US$1.45bn in 2016 from US$1.72bn in 2015. Its adjusted operational income, excluding unusual items, fell by 14% to US$116m from US$135m. The steel services company blamed the falling sales on lower revenues from its Metals & Minerals and Industrial divisions despite a pick up in income in its fourth quarter.

“2016 proved to be a turning point for Harsco. We exceeded the key financial targets established at the beginning of the year, despite persistent end-market weakness,” said president and chief executive officer Nick Grasberger.