Cumberland County-based Harsco Corp. had an eventful week securing three rail equipment contracts worth $85 million, as well as penning a new multiyear agreement for mill services with Tata Steel, one of the world's largest steel producers.
Harsco's rail contracts include a deal to provide rail grinders – machines that smooth and realign tracks for efficient train operation – for maintenance crews working on new metro lines in Milan, the company said. These are the first rail orders in Italy, which has been a competitor stronghold, according to Harsco.
The machines will be manufactured at Harsco's U.S. factories and shipped to Italy in 2014 and 2015. Harsco Rail has facilities in South Carolina, Michigan and Minnesota.
Harsco will provide track renewal trains, a multifunction maintenance machine, to India Railways in 2014. India Railways is the fourth-largest railway system in the world, moving 30 million passengers and 3 million tons of freight per day, according to Harsco.
It also received a renewal contract with Network Rail for stoneblower operation and maintenance in the United Kingdom. The order extends Harsco's contract through mid-2015 with options for two more years, according to the company. Stoneblowers inject gravel under track ties to fix a track's vertical and lateral alignment.
Harsco did not release individual rail contract values.
Harsco extended its 30-year relationship with India-based Tata Steel to provide mill services at two of the steel producer's U.K. factories. Harsco will provide metal recovery, scrap management, slab handling and other services for Tata for all its U.K operations.
The company did not release financial details of the agreement. Mumbai-based Tata is the second-largest steel producer in Europe and one of the largest in the world, with 80,000 employees and capacity to produce 28 million metric tons.
Harsco representatives did not immediately return calls for comment on its latest contracts.
Wormleysburg-based Harsco, which provides products and services to the metals production, energy, construction and rail industries, trades its shares on the New York Stock Exchange under the ticker symbol HSC. The company is set to announce third-quarter results Nov. 1.