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10/29/2003
Rail News: Rail Industry Trends
Harsco lands largest-ever track-maintenance equipment order in China
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On Oct. 28, Harsco Corp. announced China's Ministry of Railways placed a $68 million, 11-unit equipment order with subsidiary Harsco Track Technologies — Harsco's largest-ever track-maintenance equipment contract.
To be delivered during the next 36 months, the equipment includes mainline and switch/crossing rail grinders, and a Stoneblower, which is designed to pneumatically inject ballast under ties to accurately position track without disturbing the pre-existing ballast foundation. The Stoneblower unit would be Harsco's first in China.
"Our international orders for track-maintenance equipment and services total more than $175 million since … securing a greater international presence following our 1999 acquisition of Pandrol Jackson and formation of our consolidated Harsco Track Technologies division," said Harsco Chairman, President and Chief Executive Officer Derek Hathaway in a prepared statement.
Harsco Track Technologies previously sold track-maintenance equipment to the United Kingdom, Germany and Singapore.
To be delivered during the next 36 months, the equipment includes mainline and switch/crossing rail grinders, and a Stoneblower, which is designed to pneumatically inject ballast under ties to accurately position track without disturbing the pre-existing ballast foundation. The Stoneblower unit would be Harsco's first in China.
"Our international orders for track-maintenance equipment and services total more than $175 million since … securing a greater international presence following our 1999 acquisition of Pandrol Jackson and formation of our consolidated Harsco Track Technologies division," said Harsco Chairman, President and Chief Executive Officer Derek Hathaway in a prepared statement.
Harsco Track Technologies previously sold track-maintenance equipment to the United Kingdom, Germany and Singapore.