ENVIRONMENT AND SUSTAINABILITY HEADLINESEnvironment and Sustainability
JSW Awards Two Environmental Solutions Contracts to Harsco
Jun. 24, 2011
Harsco Corp. has been awarded two major new environmental solutions contracts by JSW Steel Ltd., one of India's largest steelmakers.
JSW produces close to seven million tonnes of steel annually. With its recent acquisition of the Ispat Dolvi steelmaking operations -- where Harsco also provides integrated services -- JSW is poised to become India's largest steel producer in terms of installed crude steel capacity.
As part of the new contracts, Harsco will briquette and micro-pelletize JSW's iron and steelmaking by-products at the massive Vijayanagar production facility, one of the biggest plants in India, where JSW plans to produce approximately ten million tonnes of flat and long products annually.
Harsco's resource recovery technologies will enable JSW, a recognized leader in eco-friendly practices, to recover the high-value iron content of its by-products for re-use in the production of steel and iron. Harsco will perform the work through its in-country joint venture partnership, Harsco India Private Limited.
Harsco will also continue to provide metal recovery services at JSW’s Dolvi complex.
The contracts, valued at a combined total of more than $135 million over their 10-year contract period, add to Harsco's growing presence in India, a key target in the company's emerging market growth strategies.
Harsco Corp. is a diversified company serving a range of industries including steel and metals as well as construction, railways and energy. Harsco is recognized as one of the Fortune 1000 leading companies in America and has been named five times to the Platinum 400 list of the best big companies by Forbes magazine.