Camp Hill, PA (May 17, 2002) - Diversified worldwide industrial services and products company Harsco Corporation (NYSE: HSC) announced today that its Taylor-Wharton unit, part of the Harsco Gas and Fluid Control Group, has entered into a North American agreement with AGA Gas, Inc., and Holox Ltd., Members of the Linde Gas Group, designating Taylor-Wharton as the primary supplier to provide AGA and Holox facilities in North America with a broad range of gas containment and control related products. The agreement, valued at approximately $8 million annually, names Taylor-Wharton to supply cryogenic equipment, gas cylinders and valves for a wide spectrum of AGA and Holox applications. Taylor-Wharton’s Theodore, Alabama factory will produce a range of bulk vacuum-jacketed cryogenic storage units, as well as electronic-grade containers assembled in the company’s ultra high purity Class 1000 Clean Room. Portable liquid cylinders, Laser Pak III and Auto-Fill Laser Pak vessels are also manufactured in Theodore. Large high pressure compressed gas cylinders will be supplied from Taylor-Wharton’s Harrisburg, PA plant; and, acetylene cylinders and small high pressure cylinders will be produced in Huntsville, AL. Taylor-Wharton’s Sherwood operating unit, with locations in Cleveland, OH, Lockport, NY, Wheatfield, NY and Washington, PA will manufacture a expansive range of high pressure, acetylene and specialty valves for AGA and Holox requirements. Sherwood’s operations are the only 100% fully integrated facilities producing medical, compressed gas, acetylene and specialty valves in North America.
Scott W. Boyd, Taylor-Wharton’s Vice President of Sales & Marketing noted, “This agreement further corroborates our strategic mission and commitment to be the most comprehensive equipment and service supplier to the worldwide industrial gas market. The keystone of our relationships with global leaders such as AGA Gas, Inc. and Holox Ltd. is Taylor-Wharton’s uncompromising dedication to quality, extensive product portfolio, and our diverse array of manufacturing locations.”
Brian Haley, President of Holox, commented that AGA and Holox combined their substantial purchasing potential to negotiate an agreement that would situate the Linde Gas Group in the best possible position to take advantage of market recovery opportunities. Mr. Haley also said that, “We must focus our capital investments in areas that provide superior value and predictable return on equipment costs. We believe that our choice of Taylor-Wharton as our primary gas containment and control equipment provider will accomplish that goal.”
Joe D’Agostino, Vice President Operations & Regional Manager Supply for AGA Gas, Inc. remarked, “The AGA and Holox requirements for cryogenic and compressed gas equipment in North America are tactical elements of our considerable presence in the marketplace. Mr. D’Agostino added, “By providing stable, reliable and proven supply channels of quality cryogenic and compressed gas equipment, Taylor-Wharton will help us to achieve our procurement objectives. We are both comfortable and confident that this purchasing relationship with Taylor-Wharton will add value to the distribution of our products in the markets we serve.”
Harsco’s Gas and Fluid Control Group manufactures the broadest range of gas and fluid control equipment in the world, including Taylor-Wharton cryogenic containers, high pressure cylinders, and acetylene cylinders; American Welding & Tank propane tanks; Structural Composites Industries (SCI) composite pressure vessels and structures; Sherwood valves for industrial, commercial, and recreational use, including Superior Refrigeration Products; Air-X-Changers air-cooled heat exchangers and Capitol Manufacturing fluid fittings. Operating from 30 facilities in eight countries on four continents, the Gas and Fluid Control Group markets its products in more than 80 countries worldwide.
Harsco Corporation is a $2.1 billion worldwide industrial services and products company serving industries that are fundamental to long-term economic growth, including infrastructure development, steel, gas and energy. The company employs more than 18,700 people in 40 countries.
Additional information about Harsco, including
the company’s latest financial results and news releases, can be
found at Harsco's World Wide Web site at www.harsco.com.
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