) recently secured its second railway track and infrastructure
maintenance equipment contract worth $100 million from SBB - the
federal railway system of Switzerland. Deliveries are expected to
begin in 2016.
Per the contract, Harsco will provide 59 high-speed catenary
vehicles to be used for the construction, maintenance and repair of
overhead catenary systems across Switzerland.
Harsco Rail track maintenance group provides equipment and services
used for maintaining, repairing and constructing railway track. The
key competitive factors for the company include quality,
technology, customer service and value. The award comes as a
follow-on order to Harsco's previously-secured $100 million-plus
contract from SBB. The previous contract was for specialty utility
track vehicles to support rail operations across the Gotthard and
Harsco continues to win big-order deals at regular intervals. These
back-to-back contract wins are key catalysts for the company and
further builds its business relationship with SBB.
These contracts are further expected to strengthen Harsco's rail
presence in Europe with vehicles designed and built as per European
specifications. New track construction, infrastructure projects and
the need for strong technical support provide significant runway
for future growth and is likely to augment the company's revenues.
Headquartered in PA, Harsco is a diversified, multinational
provider of market-leading industrial services and engineered
products. The company serves global infrastructure, metals,
minerals, rail, and industrial sectors.
Harsco currently has a Zacks Rank #1 (Strong Buy). Other stocks
that look promising and are worth a look include
Universal Stainless & Alloy Products Inc
Grupo Simec S.A.B. de C.V.
) carrying a Zacks Rank #1 (Strong Buy), and
Olympic Steel Inc.
), that carries a Zacks Rank #2 (Buy).
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HARSCO CORP (HSC): Free Stock Analysis Report
GRUPO SIMEC SA (SIM): Free Stock Analysis
UNVL STAINLESS (USAP): Free Stock Analysis
OLYMPIC STEEL (ZEUS): Free Stock Analysis
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