Photo Release -- Harsco Awarded $100+ Million Railway Track Maintenance
Equipment Contract in Switzerland
CAMP HILL, Pa., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Diversified global
industrial company Harsco Corporation (NYSE:HSC) announced today a major
railway track and infrastructure maintenance equipment award from SBB, the
federal railway system of Switzerland.
Harsco's Utility Track Vehicle (UTV)
solution for SBB, the Swiss railway
system, features an efficient dual-mode
traction system to reduce fuel
consumption along with a highly
versatile rail-based maintenance
A photo accompanying this release is available at
The contract comprises an initial order worth over $100 million through 2016,
together with provisions for future options. Harsco Rail will supply SBB with
a combination of specialty vehicles and Utility Track Vehicles (UTVs), a
highly versatile rail-based maintenance configuration equipped with cranes,
generators and/or work platforms that is widely used by railways throughout
the world.Delivery of the first vehicle is scheduled for 2015.
The units will be deployed on the Gotthard and Ceneri Base Tunnels.Both
tunnels are integral parts of the Swiss AlpTransit project, a major
undertaking to increase transport capacity across the Alps, while at the same
time reducing the environmental damage associated with highway truck
transport.The new technology Harsco Rail is developing for SBB will further
support emissions reduction by utilizing an advanced, dual-mode traction
system which, in turn, reduces diesel fuel consumption.
"This contract is a major strategic win that goes beyond simply the dollar
size of the order," said Harsco President and CEO Patrick Decker. "Not only
does it energize the growth of our European Rail business model and support
our future objectives, it speaks also to our capacity for technical innovation
and responsiveness to stringent customer specifications."
The SBB award considerably broadens the business landscape for Harsco Rail,
introducing the first products the division will design and manufacture in
Europe.Harsco Rail will purchase forty percent of the content for the UTVs
from Swiss suppliers, and also will utilize components from other proven
European railway suppliers.
"The SBB contract marks a new chapter in Harsco Rail's history," said Harsco
Rail President Scott Jacoby."Our European team is building technical and
local sourcing relationships that add another dimension to our capabilities,
particularly in such an influential equipment market as Europe. We're excited
to see our Harsco UTVs leading a new generation of railway maintenance vehicle
About Harsco Corporation
Harsco Corporation serves major industries that are fundamental to worldwide
growth and development, including railways, metals and energy. Harsco's common
stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index.
Additional information can be found at www.harsco.com.
The photo is also available at Newscom, www.newscom.com, and via AP
CONTACT: Investor Contact
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