SOURCE: Koppers Holdings Inc.

Koppers Holdings Inc.

March 04, 2009 08:36 ET

Koppers Signs 5-Year Sales Contract With Emirates Aluminium Company Limited PJSC (EMAL)

PITTSBURGH, PA--(Marketwire - March 4, 2009) - Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), and Emirates Aluminium Company Limited PJSC (EMAL) have agreed to a new five-year contract for carbon pitch for EMAL's smelter operations in Abu Dhabi. The term of the contract runs through December 31, 2013. Volumes of carbon pitch under this contract are estimated to increase to 65,000 metric tons per year in 2011 after the initial phase of the EMAL smelter becomes fully commissioned in 2010. Shipments are expected to begin in the fourth quarter of 2009 and will be supplied by Koppers operations in China. The EMAL smelter is expected to have an initial output of 700,000 metric tons of aluminum upon completion of phase one, which should increase to 1.4 million metric tons after the completion of phase two.

"We are extremely pleased to be able to establish a relationship with a highly valued customer like EMAL," said Walter W. Turner, President and CEO of Koppers. Mr. Turner continued, "We believe the signing of this contract with EMAL enhances Koppers unique position with the global aluminum industry and underscores the importance we place on supplying smelters in the Middle East, as it is a key area for the projected global growth in aluminum production."

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, Australia, and China. The stock of Koppers Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol "KOP." For more information, visit us on the Web: www.koppers.com. Questions concerning investor relations should be directed to Brian H. McCurrie at 412 227 2153 or Michael W. Snyder at 412 227 2131.

Safe Harbor Statement

This news release may contain forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Koppers, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to, changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the Company does business; competitive pressures; the loss of one or more key customer or supplier relationships; customer insolvencies; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost and availability of raw materials; and other economic, business, competitive, regulatory and/or operational factors affecting the business of Koppers generally.

Contact Information

  • For Information:
    Brian H. McCurrie
    Vice President, Chief Financial Officer
    412 227 2153
    Email Contact