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Stock Market & Financial Investment News

News Breaks
April 8, 2014
07:36 EDTHSCHarsco names F. Nicholas Grasberger COO, planned transition to CEO by mid-year
Harsco announced that the board has unanimously selected F. Nicholas Grasberger as the company's president and COO, effective immediately. The appointment is the first step in a planned transition during which Grasberger will continue his duties as CFO while the search for his successor in that role is conducted, and will become the company's president and CEO by mid-year 2014 once this process is complete. To assure solid operating continuity and a seamless transition in these key leadership positions, David Everitt, who has been serving as Interim president and CEO since March 1, will continue as Interim CEO until Grasberger assumes the CEO role.
News For HSC From The Last 14 Days
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February 4, 2016
16:38 EDTHSCHarsco signs expanded 15-year mill services contract valued at $125M
Harsco announced a new 15-year contract for onsite mill services at the Tangshan plate mill facility of China's largest steelmaker, Hebei Iron & Steel, or HBIS, Group. The plate mill is one of two subsidiaries of Hebei's Tangshan Iron and Steel Group, known as TangSteel, served by Harsco. Since 2011, Harsco has supported the plate mill with a range of slag handling and metal recovery services through a Harsco-led joint venture relationship, and this latest award, valued at approximately $125M over the contract duration, builds on the previous effort. Harsco will significantly expand its role to encompass a new metal recovery plant, BOF briquetting operation and a new, innovative steam-box slag cooling process, as the plate mill consolidates and expands its production capacity to 4M tpa. The mill produces premium-grade plates and sections used in various structural applications and shipbuilding.

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