SOURCE: Koppers Holdings Inc.

Koppers Holdings Inc.

August 01, 2011 08:32 ET

Koppers Signs Sales Contract Extension With Rio Tinto

PITTSBURGH, PA--(Marketwire - Aug 1, 2011) - A subsidiary of Koppers Holdings Inc. (NYSE: KOP) and Rio Tinto Aluminium Limited ("Rio Tinto") have agreed to a 42-month contract extension that begins January 1, 2011, and continues through June 30, 2014. Under the terms of the agreement Koppers will supply and transport liquid carbon pitch to Rio Tinto smelters in Australia at a total estimated value in excess of $100 million over the contract period.

Commenting on the contract, Walter W. Turner, president and CEO of Koppers, said, "We are pleased to be able to continue our strong relationship with an important customer like Rio Tinto. The global aluminum industry is an important market for Koppers, and we are excited to share this growth opportunity with them. Our global presence in this market also provides us with the capability to provide carbon pitch to other Rio Tinto facilities worldwide."

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." For more information, visit us on the Web: Questions concerning investor relations should be directed to Leroy M. Ball at 412 227 2118 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:
    Leroy M. Ball
    Vice President and Chief Financial Officer
    412 227 2118
    Email Contact