Press Release Summary:
FlamePRO® Fire Retardant is designed for use in schools, offices and sensitive environments. The product when used with lumber and plywood products are protected with a chemical formulation that reduces flame-spread and smoke developments for enclosed structural applications.
Original Press Release:
Koppers Performance Chemicals Introduces FlamePRO® to Serve Growing Fire Retardant Market
PITTSBURGH, Sept. 4, 2018 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that its Performance Chemicals business segment has entered the pressure-treated interior fire retardant market through the introduction of a new product, FlamePRO®.
FlamePRO® has been designed to meet several critical testing standards including UL GREENGUARD Gold Certification for use in schools, offices, and other sensitive environments. Lumber and plywood products treated with FlamePRO® are protected with a chemical formulation designed to reduce flame-spread and smoke development for enclosed structural applications. FlamePRO® serves an addressable market that is currently estimated at $60 million to $80 million in the United States, with opportunities for further growth.
"Koppers is proud to introduce our customers to this exciting technology, which expands our product portfolio and enhances our competitive advantage. FlamePRO® represents a strong entry into the highly attractive interior fire retardant market and related wood-based construction applications. I would like to sincerely thank our research team and others who were involved in the extensive testing and evaluation of this product," commented Koppers Performance Chemicals Senior Vice President Doug Fenwick.
Mr. Fenwick continued, "We have begun supplying FlamePRO® to some current customers and feel confident about our ability to increase our global market presence. As evidenced by this development, we remain committed to strengthening our leadership position and advancing our strategy of being a premier wood-based solutions provider."
For more information about FlamePRO® treated wood products, visit http://kopperspc.com/flamepro/.
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 our website at: www.koppers.com. Questions concerning investor relations should be directed to Ms. Quynh McGuire at 412 227 2049 or Mr. Michael Zugay at 412 227 2231.
Michael J. Zugay, Chief Financial Officer
412 227 2231