Harsco Corporation: SWOT Analysis & Company Profile by BusinessReview

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Business Review’s Harsco Corporation contains a company overview, key facts, locations and subsidiaries, news and events as well as a SWOT analysis of the company.

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									Harsco Corporation

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Harsco Corporation: SWOT Analysis &
Company Profile


Reference code: BRMM022CP10-Q4

Published: Dec 2010




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Harsco Corporation - SWOT Profile                                                   Page 1
Harsco Corporation

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Harsco Corporation - Company Overview

Harsco Corporation (Harsco) is a multinational provider of industrial services and engineered products. It offers project
engineering and equipment installation, shoring and concrete forming systems for industrial maintenance and capital
improvement projects, non-residential construction, and international multi-dwelling residential construction projects. The
company also offers on-site, outsourced services. In addition, Harsco manufactures railway track maintenance equipment
and provides track maintenance services. The company operates three business segments, namely Harsco Infrastructure,
Harsco Metals, Harsco Rail and all other category labeled Harsco Minerals & Harsco Industrial. Its operations span across
51 countries in Europe, North America, Middle East, Latin America and Africa Asia/Pacific. Harsco is headquartered in
Camp Hill, Pennsylvania, the US.


Financial Performance

The company reported revenues of (U.S. Dollars) USD 2,990.58 million during the fiscal year ended December 2009, a
decrease of 24.63% from 2008. The operating profit of the company was USD 218.66 million during the fiscal year 2009,
a decrease of 46.93% from 2008. The net profit of the company was USD 118.78 million during the fiscal year 2009, a
decrease of 50.70% from 2008.




Harsco Corporation - Key Facts

Harsco Corporation, Key Facts

                                  350 Poplar Church Road, Camp
                                  Hill, Pennsylvania (PA), 17011,   Ticker Symbol, Stock         HSC (New York Stock
Corporate Address:
                                                                    Exchange                     Exchange)
                                  United States


Telephone                         + 1 717 7637064                   No. of Employees             19,600



Fax                               + 1 717 7636424                   Financial Year End           December



URL                               www.harsco.com                    Revenue (in USD Million)     2,990.58



Industry                          Metals and Mining


                                  Australia, China, Austria, Denmark, France, Germany, Ireland, Italy, Norway, Poland, Portugal,
Locations                         Russian Federation, Sweden, United Kingdom, Egypt, South Africa, United Arab Emirates, Canada,
                                  United States, Brazil, Chile
Source: Annual Report, Company Website, Primary and Secondary Research




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Harsco Corporation - SWOT Profile                                                                                       Page 2
Harsco Corporation

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Harsco Corporation - Business Description

Harsco Corporation (Harsco) is engaged in providing industrial services and engineered products. The company provides
multi services to varied industries in infrastructure and non-residential construction and infrastructure plant maintenance;
global metals production and capacity utilization; railways; industrial plant and warehouse construction; natural gas;
commercial and institutional boiler and water heater; and pharmaceutical, food and chemical production. The company’s
operations span across 51 countries in Europe, North America, Middle East, Latin America and Africa Asia/Pacific.

The company has three reportable segments, namely Harsco Infrastructure, Harsco Metals, Harsco Rail and All Other
Category. The Harsco Infrastructure Segment of the company offers a range of services, which includes the rental of
concrete shoring and forming systems; scaffolding for non-residential and infrastructure construction projects and
industrial maintenance requirements. It is also engaged in offering a range of other infrastructure services including
project engineering and equipment erection and dismantling. Furthermore, the segment is involved in equipment sales.
These services are provided through branch offices across 40 countries plus export sales worldwide. The segments
operations are spanned across North America, Europe, the Gulf Region of the Middle East, Africa, Asia-Pacific and Latin
America. During the fiscal year 2009, the segment generated 58% of its revenue from Western Europe, followed by North
America (20%), Middle East and Africa (12%), Eastern Europe (6%), Latin America (2%), and Asia-Pacific (2%). For the
year ended December 31, 2009, the segment contributed 39% towards the company’s consolidated sales.

The company through its Harsco Metals Segment provides on-site, outsourced services to the global metals industries. Its
services are offered on a long-term contract basis supporting every stage of the metal making process that ranges from
initial raw material handling to post-production by-product processing and on-site recycling. It operates in more than 30
countries across the globe. During the fiscal year 2009, the segment generated 49% of its revenue from Western Europe,
followed by North America (16%), Middle East and Africa (9%), Eastern Europe (4%), Latin America (14%), and Asia-
Pacific (8%). For the year ended December 31, 2009, the segment contributed 36% towards the company’s consolidated
sales.

The Harsco Rail Segment is engaged in providing equipment and services to maintain, repair and construct railway track.
Through railway track maintenance services, solutions and specialized track maintenance equipments, the company
support private and government-owned railroads and urban transit system across the world. The rail products of the
segment are produced in three countries but products and services are provided across the world. During the fiscal year
2009, the segment generated 12% of its revenue from Western Europe, followed by North America (83%), Middle East
and Africa (1%), and Asia-Pacific (4%). For the year ended December 31, 2009, the segment contributed 10% towards
the company’s consolidated sales.

The All Other Category segment of Harsco comprises of four business units, namely the Harsco Minerals, Harsco
Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley. Harsco Minerals is the largest
producer of slag abrasives and third-largest producer of residential roofing granules in the US. It extracts high-value
metallic content for production re-use on behalf of leading steelmakers. It is also engaged the development of minerals
technologies for commercial applications, such as agriculture fertilizers. In addition, it is engaged in producing industrial
abrasives and roofing granules from power-plant utility coal slag at various locations across the US. Harsco Industrial IKG
engages in manufacturing various industrial grating products at various plants across North America. Its products
comprises of bar grating configurations that are utilized in industrial flooring, as well as safety and security applications in
the paper, chemical, power, refining and processing industries. Harsco Industrial Air-X-Changers is a supplier of custom-
designed and manufactured air-cooled heat exchangers for the natural gas industry. Harsco Industrial Patterson-Kelley is
a manufacturer of heat transfer products including boilers and water heaters for commercial and institutional applications.
For the year ended December 31, 2009, the segment contributed 15% towards the company’s consolidated sales.

Recently, Harsco and China's Taiyuan Iron & Steel (Group) Co, Ltd. (TISCO) announced the establishment of a new 25-
year joint venture relationship. In addition, the company announced that its Harsco Industrial Group received two new
orders totaling more than US$ 27 million.




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Harsco Corporation - SWOT Profile                                                                                      Page 3
Harsco Corporation

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Harsco Corporation - Major Products and Services

Harsco Corporation (Harsco) is engaged in providing industrial services and engineered products. The company’s key
products and services include the following:

Harsco Corporation, Major Products and Services
Products:

Commercial Powder Blenders and Dryers

Commercial and Institutional Water Heaters and Boilers

Grating Gas Tanks and Pressure Vessels

Gas Control Products

Gas Containment Products

Railway Track Maintenance Equipment

Roofing Granules

Scaffolding, Shoring and Concrete-Forming Equipment

Slag Abrasives

Services:

Valves Industrial Services:

Environmental Services

Mill Services

Material Handling and Management

Slag Processing Scrap Management Access Services:

Comprehensive Access Design and Engineering

Erection and Dismantling Services

Powered Access

Railway Track Maintenance Services:

Ballast Conditioning

New Track Construction

Rail Grinding

Tie (Sleeper) Replacement
Source: Annual Report, Company Website, Primary and Secondary Research




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Harsco Corporation - SWOT Profile                                                                             Page 4
Harsco Corporation

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Harsco Corporation - History

Harsco Corporation, History

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