CAMP HILL, Pa. and LLANGENNECH, Wales, March 13, 2017 (GLOBE NEWSWIRE) -- Global industrial company Harsco Corporation (NYSE: HSC ) and Hydro Industries, a UK-based leader in water treatment technologies, announced today a joint agreement to expand the use of Hydro’s unique technology across Harsco’s industry-leading footprint at more than 140 steel-producing sites across the globe.
The new agreement will enable both companies to bring much-needed environmental and recycling solutions to the steel and metals industries, particularly in the treatment and processing of oily mill scale, an iron oxide by-product formed during the production of steel. During production, the mill scale becomes contaminated with oil and lubricants, significantly limiting its ability to be recycled back into the production of new steel. This results in higher raw material and disposal costs for the steel producer. A typical steel mill is estimated to produce from 100 to as many as 750 tons of oily mill scale per day.
Announcing the agreement, Chris Whistler, Chief Operating Officer of Harsco’s Metals & Minerals division, said, “This relationship underpins Hydro’s willingness to expand internationally and Harsco’s commitment to bring new and innovative solutions to our steel and metals industry partners. Both companies are excited about the prospects lying ahead thanks to this new collaboration, and we are looking forward to a long and fruitful relationship.”
In addition to the treatment of oily mill scales, future solutions could potentially include the processing of clean water for the mills.
Wayne Preece, CEO of Hydro Industries, commented, "I am delighted that we have been able to sign a collaboration agreement with the world’s largest provider of onsite material processing and environmental services in the steel and metals industries. I know that our innovative technology will help Harsco to further improve their service to their customers. Harsco’s global reach and new processing concept will offer the industry an irresistible practical solution to their waste processing issues that combines a commercial return with a positive approach to environmental impact."
The Secretary of State for Wales, The Right Honourable Alun Cairns MP, said, "This joint agreement shows once again that the businesses in Wales are thinking big and expanding their global reach. Hydro is a company that has always set its sights high and this relationship with Harsco - a major global leader - demonstrates the scale of their ambition. It's fantastic news for Hydro and for Wales and I wish the project every success."
About Harsco Metals & Minerals Harsco’s Metals & Minerals division is the world’s largest and most comprehensive provider of onsite material processing and environmental services to the worldwide steel and metals industries. The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use. Its operations span approximately 140 customer sites across more than 30 countries. To learn more, go to www.harsco-m.com .
About Hydro Industries Hydro Industries is a technology-based water treatment company developing, designing and operating effective world class innovative water solutions across the globe. Hydro offers custom designed solutions across an unprecedented range of industrial and drinking water applications. Current operations span the world with industrial waste water treatment providing cost effective and environmentally friendly solutions to units providing drinking water in remote villages in India saving lives. For more information, visit www.hydro-industries.co.uk .
Investor Contact David Martin 717.612.5628 damartin@harsco.com Media Contact Kenneth Julian 717.730.3683 kjulian@harsco.com
