Harsco Corporation (NYSE:HSC) - 500 Beiträge pro Seite

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Harsco Corporation is a diversified, multinational provider of industrial services and engineered products. The principal lines of business are scaffolding, forming and shoring and other access services to the worldwide industrial maintenance and non-residential construction markets; outsourced, on-site mill services that are provided to steel and non-ferrous metal producers in over 30 countries; railway track maintenance services and equipment that are provided to railroad customers worldwide, gas control and containment products for customers worldwide, and several other lines of business including, but not limited to, industrial grating and bridge decking, industrial pipe fittings, slag abrasives and roofing granules. The Company`s operations fall into three operating segments, Infrastructure, Mill Services and Gas and Fluid Control. The Company has over 400 locations in 38 countries, including the United States

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Posted By Subject Post Time (EST) Post ID


SH News (ID#: 7341) News Release - Thursday, June 04, 1998 6/4/98 11:52 113894
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Harsco Reaffirms No Interest In Philip`s Metals Operations


In response to a number of inquiries received by the Harsco Corp. from
the financial community, Harsco Corp. unequivocally reaffirmed
that it has no interest in acquiring the metals operations of Philip
Services Corp. which were announced for sale earlier this week.


Harsco is respected as a financially sound, worldwide market
leader in providing long-term, on-site outsourced services to
metal-producing customers around the globe, and that is where we will
continue to focus, said Harsco Chairman and CEO Derek C. Hathaway. We
are confident in our long-term growth opportunities in this, our
leading operating group, and have no interest in taking on the risks
inherent to Philip`s metals operations.


Harsco`s Heckett MultiServ Division serves more than 150 mills in
34 countries throughout North and South America, Europe, Africa, Asia,
and Australasia. In April, the Company completed its acquisition of
Faber Prest Plc, a complementary provider of long-term industrial
services that has further enhanced Harsco`s worldwide market
leadership.


Philip`s commodity-risk metals operations are at the opposite end
of our strategic direction. In fact, during Philip`s recent aggressive
acquisition period, Harsco had an opportunity to look at all of the
businesses they were acquiring. We obviously were not interested
then, and there is no reason for us to change, Hathaway added.


Harsco Corporation is a diversified, global provider of
industrial services and products with 1997 sales of 1.63 billion.
Harsco`s companies employ more than 16,000 people at over 300
locations worldwide.


Additional information about Harsco, including the company`s
latest financial results and news releases, can be found at Harsco`s
World Wide Web site at www.harsco.com, or by Fax at 800-758-5804,
extension 396725.
TEL: [phone]

Kenneth Julian, Media, Harsco Corp.
e-mail, [e-mail]
TEL: [phone]

Eugene Truett, Analyst, Harsco Corp.
TOLL FREE: 800-758-5804 ext. 396725
WEBSITE: http://www.harsco.com







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