Stock Market Watch

Koppers Holdings – New Opportunities

by ·


Koppers Holdings Inc. Announces New Crosstie Order to South America

Koppers Holdings Inc. (NYSE: KOP), announced today that Koppers Inc., a wholly-owned subsidiary, received a purchase order to supply treated railroad crossties to Vale in South America. The estimated revenues from the order are $9-$11 million, and the order is expected to be completed during 2012.

Walt Turner, president and CEO of Koppers, said, “This is exciting news for Koppers as we continue to expand our railroad products and services into the global market. We are optimistic that this new business in Brazil will evolve into a long-term relationship with Vale as well as other emerging countries in South America.”


Koppers Enters Into Memorandum of Understanding in China

Koppers Inc. has entered into a Memorandum of Understanding with Nippon Steel Chemical, Sojitz JECT, Pizhou City People’s Government and Yizhou Group to develop and construct a fully integrated coal tar based carbon products complex in Pizhou City, Jiangsu Province, China. The facilities are expected to be comprised of three plants including a 250,000 metric ton coal tar distillation plant and two downstream plants producing needle coke and carbon black. It is envisioned that the carbon black and needle coke facilities will be wholly-owned subsidiaries of Nippon Steel Chemical and the coal tar distillation facility will be owned by Koppers and Yizhou Group, with Koppers owning a majority share. Plant construction is expected to commence in 2012 with completion targeted for early 2014.

“We are excited to have the unique opportunity to partner with Nippon Steel Chemical, Sojitz JECT, Pizhou City, and Yizhou Group for this growth project. The joint cooperation among these entities brings together the many strengths of each partner to further expand our presence in the carbon and chemicals markets in China,” said Walter W. Turner, president and CEO of Koppers.

About Koppers

Koppers, with corporate headquarters and a research center in Pittsburgh, Pennsylvania, is a global integrated producer of carbon compounds and treated wood products. Including its joint ventures, Koppers operates facilities in the United States, United Kingdom, Denmark, The Netherlands, Australia and China. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol “KOP.”

More Posts by this author

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...