Koppers Enters Into Special Purchase Order at Subsidiary in China for Third Quarter 2019
No Material Impact to Full-year 2019 Operations or Financial Performance
PITTSBURGH, June 18, 2019 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that the company's 75 percent-owned subsidiary, Koppers (Jiangsu) Carbon Chemical Company Limited (KJCC) will again provide soft pitch product to its major customer in Chinaunder a special purchase order as part of an ongoing effort to manage product inventories at the plant.
This purchase order is not intended to either resolve or affect the previously disclosed contractual dispute between KJCC and its major customer. At this time, the outcome of the contractual dispute has not been determined. The special purchase order will be in effect from July 1 through September 30, 2019.
Koppers does not expect this development to have any material impact on its full-year 2019 operations or financial performance.
About Koppers
Koppers, with corporate headquarters in Pittsburgh, Pennsylvania, is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. Our products and services are used in a variety of niche applications in a diverse range of end-markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber, and construction industries. Including our joint ventures, we serve our customers through a comprehensive global manufacturing and distribution network, with facilities located in North America, South America, Australasia, China and Europe. 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 Michael J. Zugay at 412 227 2231 or Quynh McGuire at 412 227 2049.
For Information:
Michael J. Zugay, Chief Financial Officer
412 227 2231
Web Site: http://www.koppers.com
