Tosyali Harsco, a Joint Venture Between Harsco Environmental and Tosyali Holding, Enters Into Multi-Year Service Contract With Kardemir Steel

Rhea-AI Summary

Tosyali Harsco, a joint venture between Harsco Environmental and Tosyalı Holding, has secured a multi-year services contract with Kardemir Steel, marking its first agreement in Western Turkey. This contract highlights Tosyali Harsco's commitment to expanding its operations in Turkey's steel sector. Kardemir, a notable steel producer in İzmir, prioritizes environmental safety, which aligns with Tosyali Harsco's expertise in sustainable solutions. The partnership is expected to enhance productivity while maintaining a clean environment for Kardemir's operations.

Positive

• Initiation of a multi-year services contract with Kardemir Steel.
• First contract for Tosyali Harsco in Western Turkey, indicating growth potential.
• Alignment with Kardemir's focus on environmental safety, leveraging Tosyali Harsco's expertise.

Negative

• None.

• This is the JV’s first contract with Kardemir and first contract in Western Turkey
  
• Reinforces Company’s intention to grow its footprint in Turkey

CAMP HILL, Pa., June 22, 2022 (GLOBE NEWSWIRE) -- Tosyali Harsco, a joint venture between Harsco Envıronmental and Tosyalı Holding, announced today it has successfully entered into a new multi-year services contract with Kardemir Steel.

Kardemir is a family-owned steel mill located in İzmir, Turkey, producing long products and profiles at three separate facilities. Kardemir owns and operates three hydroelectric power stations in Hakkari, Ordu and Van, two wind power stations in Aydın and Aliaga/İzmir and solar power stations.

Tosyali Harsco brings to Kardemir its expertise in safe and reliable under furnace digging. Kardemir is a new customer for Tosyali Harsco, and a first contract in the Izmir area in Western Turkey. This reinforces Tosyalı Harsco’s ambition to grow its footprint in all areas of steelmaking in Turkey.

“This Kardemir multi-year service contract is the product of Tosyali Harsco's performance in Turkey and unique offerings in the industry as a provider of environmental solutions and services,” said Stéphane Boissinot, Director of Operations, Europe South, Eastern Europe, Turkey & SteelPhalt for Harsco Environmental. “Kardemir is an important steel mill in Turkey. We see this contract as the start of a long-term relationship where we can grow and further demonstrate our capabilities in environmental solutions.”

“We are pleased to be working with Tosyali Harsco at our new melt shop,” said Önder Karalp of Kardemir. “Keeping our environment clean and our employees safe is a top priority for us. Thanks to their impressive safety record and experience in this content we are confident Tosyali Harsco’s technology will help us to keep our environment clean and our employees safe while helping us maintain productivity.”

About Harsco Environmental
Harsco's Environmental division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at over 130 customer sites across more than 32 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production by-products. Visit www.harsco-environmental.com to learn more.

About Harsco Corporation
Harsco Corporation (NYSE: HSC) is a global market leader providing environmental solutions for industrial and specialty waste streams and innovative technologies for the rail sector. Based in Camp Hill, PA, the 12,000-employee company operates in more than 30 countries. Harsco's common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found

About Tosyali Harsco
Tosyalı Harsco is a joint venture between Tosyalı Holding, Turkey’s global iron-steel leader and global industrial company Harsco Corporation (NYSE: HSC) specialized in metal recovery services and slag sales. Tosyali Harsco operates steel mill services and slag sales on 6 separate sites in Turkey. Tosyali Harsco processes slag wastes generated during the steel production, providing metal recovery and turning the inert slag into by-products for use in different sectors. Tosyali Harsco has a processing capacity of more than 2.000.000 tons/year in Turkey. The company utilizes limited resources in the most efficient way with its “clean environmental awareness” and gives life to slag for a better world.

Investor Contact David Martin 717.612.5628 damartin@harsco.com

Media Contact Jay Cooney 717.730.3683 jcooney@harsco.com

FAQ

What is the significance of the multi-year contract with Kardemir for HSC?

The contract marks HSC's first engagement in Western Turkey, indicating strategic growth in the region.

When was the contract between Tosyali Harsco and Kardemir announced?

The contract was announced on June 22, 2022.

How does the contract impact Tosyali Harsco's market presence?

It reinforces Tosyali Harsco's intention to expand its footprint in the Turkish steel market.

What services will Tosyali Harsco provide under the new contract?

Tosyali Harsco will provide safe and reliable under furnace digging services.