Industrial services and engineered products manufacturer Harsco Corporation (HSC - Free Report) recently introduced a new stainless steel boiler with state-of-the-art cost-efficient solution for its customers. The product was manufactured by the Patterson-Kelley division of the Industrial segment of Harsco.
Equipped with an innovative stainless steel heat exchanger design, the boiler enables optimal energy utilization with up to 96.5% efficiency and ultra-low emissions. In addition to improved reliability factors, the boiler consumes 60% less space compared to other available variants in the market. Consequently, it offers a seamless replacement option for existing boilers without the requirement for any special rigging.
The new product launch is a culmination of an extensive R&D between the U.S. and international technical resources. The first production deliveries of the boilers are expected by the year-end.
Headquartered in Pennsylvania, Harsco is a diversified multinational company that serves global infrastructure, metals, minerals, rail and industrial sectors. The company provides industrial mill services, gas control, and containment products, scaffolding services and railway maintenance services. Harsco has operations in more than 50 countries. The company’s manufactured products occupy leading positions in specialized industrial markets.
Harsco generates a major portion of its revenues from outside the U.S., which safeguards it from the risks associated with any one regional sector or economy. The company is now more focused on bringing its cost structure in tune with current market demand. Harsco is also emphasizing prudent working capital management for optimal organic and inorganic growth across all the verticals.
Harsco currently has a Zacks Rank #5 (Strong Sell). Other players in the industry worth mentioning include Codexis, Inc. (CDXS - Free Report) , MSC Industrial Direct Co. Inc. (MSM - Free Report) and Headwaters Inc. , each carrying a Zacks Rank #2 (Buy).