SOURCE: Koppers Holdings Inc.

Koppers Holdings Inc.

September 30, 2011 08:07 ET

Koppers Signs Three-Year Contract With CSX for Rail Joint Bars

PITTSBURGH, PA--(Marketwire - Sep 30, 2011) - Koppers Inc., a subsidiary of Koppers Holdings Inc. (NYSE: KOP), and CSX Transportation Inc. ("CSX") have agreed to a three-year contract for bonded rail joint assemblies. Koppers also provides CSX with various other types of rail joint bar and track component products, treated railroad crossties and other related products and services. The total value of the bonded rail joint assembly contract is estimated at $12-$13 million over the three-year period. Koppers will produce the bonded rail joint assemblies for CSX at its Huntington, West Virginia facility, which was acquired in December 2010 from Portec Rail Products Inc.

"We are very pleased to be able to sign this contract for our new business and continue to expand our relationship with a highly valued customer like CSX," 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." 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