Wednesday, May 11, 2011

Harsco lands Saudi Arabia order

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Harsco Corp. on Tuesday said it has received an order from Saudi Arabia for railway track maintenance and related equipment valued at close to $15 million.

harsco_logo1.jpgThe order, one of Harsco's first and by far its largest from Saudi Arabia for railway track maintenance equipment, will support the Kingdom's new North-South Railway system project, a $2 billion, 2,300-kilometer (1,400-mile) rail line.

The railway will link Saudi Arabia's phosphate and bauxite reserves in the north with its processing facilities in Jubail on the Persian Gulf, while also providing a new rail route for freight and passenger traffic. The North-South line is also expected to spur additional infrastructure development of adjacent cities and towns along the route.

Harsco Infrastructure operates in Saudi Arabia through a joint venture partnership with the Jeddah-based Al-Baroom Group, a well-established construction sector company in Saudi Arabia.