Harsco Rail captures Multi-Million Dollar Contract Awards
March 3, 2016
CAMP HILL, PA (March 3, 2016) . . . Global industrial company Harsco Corporation (NYSE: HSC) announced today that its Harsco Rail track maintenance business has won competitive awards for two separate contract services projects on major transit railroads in the northeastern US totaling approximately $10 million in projected revenues.
Under the first award, a Harsco P811 Track Renewal System and its 24-person crew will replace approximately 22,000 ties and eight miles of rail in the greater New York City metropolitan area during 2016 and 2017. Together with its crew, the versatile P811 removes and replaces old crossties, fasteners and rail in a single, self-contained set of units, giving railroad operators a fast and efficient solution to their track renewal and replacement needs. The track renewal projects are scheduled to begin in early spring and finish by the end of May each year, such that the work is completed prior to the summer-season upturn in rail traffic.
In the second award, a Harsco NTC (New Track Construction) machine and its 13-person crew will be working in New York and Connecticut building approximately five miles of new CWR (continuous welded rail) track in both 2016 and 2017. This project will entail laying approximately 12,000 new ties and installing the new CWR rail.
Harsco Rail is aglobalmarket leader for railway track maintenance and construction, with a broad range of high quality equipment, cutting-edge technology, andworldwide support to major railroads worldwide. To learn more, visit www.harscorail.com.
About Harsco Corporation
Harsco Corporation is a leading 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.
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