Thursday, April 05, 2012

Harsco lists orders, including from South Korea

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Camp Hill, Pa.-based Harsco Corp. late Wednesday announced it had secured international orders for its railway track maintenance rail grinders totaling more than $20 million, including the company's first rail equipment order from South Korea. Harsco also has landed its first larger-capacity 30-stone rail grinder sale into China's burgeoning urban metro transit market.

Delivery of the new orders will begin this year and extend into early 2014, Harsco said.

The South Korea order comes from Sampyo Engineering & Construction (SENC), a railway track and bridge construction company and part of the diversified Sampyo Group, headquartered in Seoul, the nation's capital. The machine will support the new 113-mile high speed Korea Train Express line, scheduled to be completed in 2014 from Osong to Gwangju, and to Mokpo in 2015.

The metro order from China's Ningbo Rail Transit Group Co. Ltd. builds on Harsco's previous sales success in the Chinese metro transit segment with its compact 10 and 20-stone grinders; the order is Harsco's first 30-stone unit sale in this market. The 30-stone configuration is a larger capacity rail grinder that offers expanded efficiency and performance in grinding operations. The number of stones refers to the grinding heads that the operator can precisely align to re-contour and smooth rail surfaces for increased train speeds, better fuel efficiency, and safety.

The sale also is Harsco's first to Ningbo Rail Transit, a new rapid transit system now under construction to serve the city of Ningbo and its surrounding suburbs, home to more than 7 million residents.

The orders also include a rail grinder sale into the U.K. rail network, where Harsco has been operating similar equipment under contract for the past 10 years, the company said. The latest order will expand the in-country fleet of machines operated by Harsco in support of rail maintenance throughout the U.K.