EXHIBIT 12.1

HARSCO CORPORATION

Computation of Ratios of Earnings to Fixed Charges

(Dollars in Thousands)

		SIX MONTHS ENDED
		JUNE 30		YEARS ENDED DECEMBER 31
		2003		2002			2001(a)		2000(a)		1999(a)			1998(a)
	Pre-tax income from continuing operations (net of minority interest in net income)	$	56,409	$	130,650		$	113,195	$	139,741	$	135,528		$	168,246
	Add fixed charges computed below		31,435		64,424			72,265		64,429		37,155			28,094
	Net adjustments for equity companies		1,073		(219	)		2,747		3,749		365			139
	Net adjustments for capitalized interest		27		121			152		125		(535	)		(10	)
	Consolidated Earnings Available for Fixed Charges	$	88,944	$	194,976		$	188,359	$	208,044	$	172,513		$	196,469
Consolidated Fixed Charges:
	Interest expense per financial statements (b)	$	20,526	$	43,323		$	53,190	$	50,082	$	26,939		$	20,413
	Interest expense capitalized		28		—			—		2		893			128
	Portion of rentals (1/3) representing an interest factor		10,881		20,972			19,075		14,345		9,323			7,553
	Interest expense for equity companies whose debt is guaranteed		—		129			—		—		—			—
	Consolidated Fixed Charges	$	31,435	$	64,424		$	72,265	$	64,429	$	37,155		$	28,094
Consolidated Ratio of Earnings to Fixed Charges			2.83		3.03			2.61		3.23		4.64			6.99

(a)	In order to comply with the Financial Accounting Standards Board (FASB) Statement No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets,” 2001, 2000, 1999 and 1998 information has been reclassified for comparative purposes.
(b)	Includes amortization of debt discount and expense.