Displaying items by tag: Harsco

US: Harsco Corporation recorded net sales of US$1.85bn in 2020, up by 23% year-on-year from Euro1.50bn in 2019. The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 10% to US$238m from US$265m. Harsco Environmental’s fourth quarter net sales rose by 2% to US$246m from US$243m. Its adjusted EBITDA rose by under 1% to US$52.0m from US$51.0m. The company attributed the division’s growth to higher demand for applied products and lower general and administrative spending, partially offset by a less favourable services mix and contract changes.

Chairman and chief executive officer Nick Grasberger said, “Against a challenging market backdrop in 2020, Harsco made significant progress on its strategic, operational and financial objectives. While the disruption caused by the global pandemic could not have been predicted, our teams executed well, with a consistent focus on our key priorities – operating safely, serving customers, preserving financial flexibility and executing our Environmental Solutions business from Stericycle (ESOL) integration and operational recovery plan in Rail.”

UK: Harsco has published its environmental report for 2019 - 20, a year in which it divested its industrial division, selling three subsidiaries, and acquired US-based hazardous and contaminated waste processing specialists Clean Earth and Stericycle Environmental Solutions, “creating a leading national hazardous waste management platform.” Globally, Harsco derived 80% of revenue over the twelve-month period that ended 30 June 2020 from environmental services, compared to 60% over the twelve months ending 30 June 2017. Chair and chief executive officer (CEO) Nicholas Grasberger said, “Advancing sustainability and being a more purpose-driven company will play an essential role in Harsco’s future.”

Australia: Harsco Environmental, the environmental division of US-based Harsco Corporation, has announced its partnership with numerous producers and consumers in a pan-industrial steel standards and certification initiative called Responsible Steel. The initiative ‘promotes responsible practice,’ with the aim of improving sustainability in emissions, water usage and community and employee relations. This will include developing circular economic practices, including slag deals with cement plants. Harsco Environmental vice president Cope Willis said, “This collaboration is another step in Harsco’s continuous efforts to lead the steel industry to a more sustainable future.”

Canada/US: Harsco’s Environmental division has invested US$2.3m in Carbicrete, a Canadian technology company developing concrete products made with steel slag for the construction industry. The investment will give Harsco Environmental a Board seat in Carbicrete and has been made in conjunction with a US$1.6m grant from the Government of Canada’s Sustainability Development Technology Canada Foundation and applications to further government grant programs. Harsco’s investment will aid the development of the technology through a demonstration program with support from a commercial concrete block manufacturer as part of a development consortium.

“This investment in innovation is aligned with Harsco’s on-going expansion into environmentally-focused products and services, and we are proud to support the development of this exciting technology,” said Harsco Environmental chief operating officer Russ Mitchell.

Carbicrete is developing a technology that allows the production of concrete without using cement by using steel slag instead. The concrete mix is poured into molds, like conventional concrete, and is then cured using CO₂. During curing, the gas becomes a solid, binding together the slag granules, and giving the concrete its strength. Carbicrete says the process can be implemented in any precast concrete manufacturing plant. It also says that the technology is ‘carbon negative’ because more CO₂ is consumed than emitted during the process.

US: Harsco Corporation has rebranded its Metals and Minerals (M&M) division as ‘Harsco Environmental.’ The company says that the new name and visual identity more closely align with its increased focus on providing environmental services and product offerings to help customers drive business performance and growth. The name change and new branding take effect immediately.

Harsco Environmental will continue to be led by Harsco Chairman & CEO Nick Grasberger in tandem with the division’s Chief Operating Officer Russ Mitchell. Harsco Environmental operates more than 130 sites in 32 countries and has 7700 employees. It is Harsco’s largest division, representing approximately 65% of revenue in 2018.

“We are strategically transforming Harsco as a global market leader and provider of environmental solutions to the industries we serve,” said Nick Grasberger. “This rebranding to Harsco Environmental reinforces our over-arching strategic focus and better reflects what the division is today, and where it is headed in the future. Our suite of environmental solutions, recent acquisitions and future investments will drive revenue growth for Harsco in future years.”

US: Harsco’s Metals & Minerals division has expanded an agreement with Egyptian Steel, a manufacturer of rebar and wire rods in the Middle East and North Africa. Under the terms of this expanded agreement, Harsco will provide scrap and slag management, material handling, and metal recovery services at Egyptian Steel’s Beni Suef plant. Harsco has provided similar services to Egyptian Steel’s Al Ain Al Sokhna site since late 2017.

“This contract further strengthens our market-leading role in the Africa and Middle East steel markets, where Harsco has been providing environmental services for well over two decades,” said Russ Mitchell, the Chief Operating Officer of Harsco Metals & Minerals.

US: Harsco’s sales revenue from its Metals & Minerals division rose by 5.7% year-on-year to US$1.07bn in 2018 from US$1.01bn in 2017. Its operating income increased by 18% to US$121m from US$102m. It said that its Metals & Minerals' revenues were positively impacted by higher customer steel output and related demand for mill services, new contracts, higher commodity prices, increased applied products sales and the acquisition of Altek Group. Overall, the group’s revenue and operating income rose in 2018.

“2018 marked another year of successful execution against our priorities and we again delivered meaningful financial improvements,” said chairman and chief executive officer (CEO) Nick Grasberger.

US: Harsco has appointed Cope Willis as its Vice President of Sustainability and Environmental Solutions. In this newly created role, Willis will be responsible for driving Harsco’s environmental and corporate sustainability initiatives. He will lead efforts to integrate and embed sustainability throughout the company, and will serve as advisor, subject matter expert, and key influencer in business development efforts.

Willis joins Harsco from PricewaterhouseCoopers, where he served as Director of Sustainability Services. He reports to Harsco Chairman and chief executive officer (CEO) Nick Grasberger. He holds a BA in Environmental Science from the University of Virginia and a PhD in Earth Science from the University of California – Santa Cruz.

India: JSW Steel has signed a 10-year agreement with US-based Harsco for a range of mill services. Harsco will provide JSW Dolvi in Maharashtra with on-site slag handling services including under-furnace digging, ladle wrecking, and hot slag transport. No value for the contract has been disclosed.

Spain/UK: Harsco’s Metals & Minerals division has won a multiyear contract with Spain’s Celsa Group. The agreement will span nine years with Celsa Barcelona and five years with its Cardiff operations. Under the deal, Harsco will provide Celsa Barcelona with on-site slag handling and scrap management services. The slag handling will include activities for under-furnace digging, ladle wrecking, and hot slag transport. In addition, Harsco’s scrap management experience will ensure the transport of scrap between the internal and external scrapyards, and the management of both sites. Celsa Cardiff will be provided with on-site metal recovery and meltshop services. No value for the deal has been disclosed.