Harsco’s metals unit gets 2 contract renewals

Harsco Corp.’s metals division has received two multi-year contract renewals from Mexican steelmaker Ternium Mexico.

Ternium Mexico is a unit of Ternium S.A.

The contract renewals are estimated to have projected revenue worth more than $225 million, the industrial services company said Friday.

The pacts span close to 10 years each and include new and expanded commercial terms.

In January Harsco said it received two new orders worth $9 million to provide insulation services and scaffolding for a new refinery under construction in the Netherlands.

The company’s stock shed 25 cents to $32.87 in afternoon trading.

Via: Business Week