December 8, 2010
Harsco Industrial Air-X-Changers Secures Expansion Into Australia In Joint Venture
TULSA OKLA – Harsco Industrial Air-X-Changers, a unit of worldwide industrial services and engineered products company Harsco Corporation, has been selected to supply air-cooled heat exchangers for gas compressor units being produced by Toromont Industries Ltd. subsidiary Enerflex Ltd. to support BG Group plc's Queensland Curtis LNG (QCLNG) Project in Australia.
Harsco plans to manufacture the heat exchangers in Australia through a new in-country joint venture now being formed, while providing engineering design and quality assurance support from Harsco Industrial Air-X-Changers' main facilities in Tulsa Okla, as well as Harsco's Offshore Services Center in Hyderabad, India.
The project involves an expansion of BG Group's existing coal seam gas operations in the state of Queensland, construction of a 540km (336 mile) underground gas pipeline network and a LNG export facility on the Queensland coast with production capacity of 8.5 million tons per year. First LNG exports from the QCLNG plant are planned to begin in 2014, underpinned by purchase agreements already in place from Chile, China, Japan and Singapore.
The QCLNG Project is also seen as a potential major bidding opportunity for Harsco's Infrastructure business group, which continues to build its market presence in Australia's growing energy sector through its Bell Scaffolding Group acquisition completed in January 2010.
"This significant order underscores two key components of our international growth strategies for the Harsco Industrial group," said Scott H. Gerson, Harsco VP and Industrial Group President. "The first is to capitalize on our One Harsco global footprint and experience to open new doors for our products, and the second is to continue to advance our leadership in developing fully-integrated, turn-key solutions that our customers can immediately put to work."
For Harsco Industrial Air-X-Changers Vice President and General Manager Rick Ketchum, the opportunity to expand the company's business into Australia is yet another concrete example of the benefits of membership in the Harsco family of companies. “For more than 30 years, Harsco’s global strength and financial resources have been key factors in our success and continuous growth. Today, while smaller businesses struggle to find the capital to support international growth, Harsco’s strength and worldwide footprint allows us to explore opportunities in emerging markets for air-cooled heat exchangers. In addition to this new venture in Australia, we've recently secured our license to import our products into China, we’ve launched initiatives in the Middle East – and other opportunities are rapidly coming into view.”
Since January 2010, increases in business have allowed Harsco Industrial Air-X-Changers to increase its employee roster by 25%, Ketchum said.
Based in Tulsa, Okla., Harsco Industrial Air-X-Changers has been a leading manufacturer of air-cooled heat exchangers used in gas compression and other industries for more than 55 years. Available in a full range of models, types and configurations, the company’s products protect gas compression equipment and control the conditioning of natural gas from the wellhead through compression, processing and delivery through pipeline distribution systems.
The company also produces lube oil cooling systems tailored to the needs of turbine operators, and has adapted its designs for use in power generation, landfill gas compression and other applications.
In addition, the company manufactures cooler replacement components – not just for its own units, but also for any make or model of cooler in service – and offers a full range of on-site field services.
Harsco Corporation (NYSE: HSC) is one of the world's leading diversified industrial services and engineered products companies, serving key industries that play a fundamental role in worldwide economic growth. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com
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