Harsco Environmental Secures Contract with İzmir Demir Çelik Sanayi A.Ş. (İDÇ)
Rhea-AI Summary
Harsco Environmental, a division of Enviri (NYSE: NVRI), has signed a contract with İzmir Demir Çelik Sanayi A.Ş. (İDÇ) in İzmir, Turkey. Under the agreement, Harsco Environmental will provide under furnace digging services for two electric arc furnaces at İDÇ. This marks the company's second contract in the İzmir region, coinciding with the commissioning of İDÇ's second electric arc furnace.
İDÇ is a major steel manufacturer in Turkey, producing construction iron, billets, blooms, and ribbed rebar. The partnership aims to enhance İDÇ's production capabilities while expanding Harsco Environmental's presence in the Turkish market.
Positive
- Secured new contract for furnace digging services in Turkey
- Expansion in strategic Turkish market with second regional contract
- Partnership with major steel manufacturer strengthens market position
Negative
- None.
News Market Reaction
On the day this news was published, NVRI declined 4.80%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Company’s second collaboration with a key player in Turkey's İzmir region further establishes its presence and commitment to delivering exceptional service in this strategic market
PHILADELPHIA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Harsco Environmental, a division of Enviri Corporation (NYSE: NVRI), today announced the signing of a contract with İzmir Demir Çelik Sanayi A.Ş. (İDÇ) in İzmir, Turkey. The contract marks another significant milestone in Harsco Environmental's commitment to providing innovative solutions for the steel industry, further expanding its growth within Turkey.
Under the terms of the agreement, Harsco Environmental will perform under furnace digging services for two electric arc furnaces at İDÇ. This collaboration coincides with the commissioning of İDÇ's second electric arc furnace, further solidifying the partnership between the two companies. This is Harsco Environmental’s second contract in the İzmir region of Turkey.
"We are thrilled to start a new partnership with İDÇ and support their operations with our innovative solutions," said Harsco Environmental’s Regional President of Europe, Stéphane Boissinot. “This contract underscores our commitment to delivering exceptional service and value to our steel industry clients."
"We look forward to the positive impact this partnership will bring to our production capabilities," said Hasan Acar at İDÇ. "Harsco Environmental’s expertise and focus on innovative solutions align perfectly with our operational goals as we commission our second electric arc furnace."
İDÇ is a prominent player in Turkey's steel manufacturing sector. The company produces a wide range of products, including construction iron, billets, blooms, and ribbed rebar for various applications.
For more information about Harsco Environmental and its solutions, visit www.harsco-environmental.com.
About Enviri
Enviri is transforming the world to green, as a trusted global leader in providing a broad range of environmental services and related innovative solutions. The Company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their most complex environmental challenges and to achieve their sustainability goals. Enviri is based in Philadelphia, Pennsylvania and operates in more than 150 locations in over 30 countries. Additional information can be found at www.enviri.com.
| Investor Contact David Martin +1.267.946.1407 dmartin@enviri.com | Media Contact Karen Tognarelli +1.717.480.6145 ktognarelli@enviri.com |
FAQ
What services will Harsco Environmental (NVRI) provide to İDÇ under the new contract?
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