Expanding market presence in industrial and commercial markets
Building a Leadership Position in Residential Wood Preservatives
Pittsburgh, October 24, 2022 /PRNewswire/ — Koppers Performance Chemicals Inc. (PC), a wholly owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), announced today that it is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds Did. Significant increase in market share in the industrial and commercial wood preservation technology market. Earlier this year, PC reorganized its sales functions into three distinct channels serving the home, industrial and commercial markets, providing greater leadership, customer focus and product development in each sector.
Both recent regulatory actions usa When Canada Resulted in the phase-out of pentachlorophenol (penta), a long-standing oil-based preservative (never manufactured by Koppers) that accounted for approximately 40% of the industrial wood preservative market for treating utility poles . Through strategic market engagements, PC handled the transition from Penta to his InPro 23 and InPro 50 DCOI, the newest entries in the traditional His K-33 CCA water preservative, or oil preservative arena. supported the business. 2022.In just a few months, PCs were approx. $40 million of new industrial business annualized with the addition of 14 new customers across 18 locations for CCA and DCOI products.
“Over the past 24 months, we have been focused on growth and delivering impressive returns in the industrial chemicals sector. The market has responded favorably to our strategy and this It shows the progress that has been made.” Tommy KaiserVice President of the PC Industry Division.
On the other hand, in the commercial market, the annual sales of PC flame retardant products are almost $ 1,000,000 Estimated in 2018 $24 million We have now grown from 3 treated timber mills to 20 locations. North America We now produce wood treated with an advanced version of our flame-retardant brand, FlamePro.
JR Virnich, Vice President, PC Commercial Division, said: This reflects expectations for continued market penetration and expansion of FlamePro and other flame retardant products. ”
Doug Fenwick, President of Performance Chemicals, commented: , we plan to remain customer-focused as PCs continue to grow in these new markets. ”
About Coppers
Koppers, headquartered in Pittsburgh, Pennsylvania, 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 variety of end markets including railroads, specialty chemicals, utilities, residential wood, agriculture, aluminum, steel, rubber and the construction industry. We serve our customers through a comprehensive global manufacturing and distribution network. North America, South America, Australia, Europe. Koppers Holdings Inc. stock is listed on the New York Stock Exchange under the symbol “KOP”.
For more information, please visit www.koppers.com. Media inquiries should be directed to Jessica Franklin Black. [email protected] or 412-227-2025. Inquiries from the investment community should be directed to Quynh McGuire. [email protected] or 412-227-2049.
safe harbor declaration
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which may include statements regarding sales levels, acquisitions, restructuring and a decline in the value of Koppers. , but not limited to: impact of assets and resulting impairment charges, profitability, expected costs and cash outflows; All forward-looking statements involve risks and uncertainties.
All statements contained in this document that are not clearly of a historical nature are forward-looking statements and Words such as “estimate”, “may” are or other similar words or phrases are generally intended to identify forward-looking statements. This document, any other press release, written statement, other document filed with the Securities and Exchange Commission, or any communication or discussion of Coppers with investors or analysts in the ordinary course of business, such as meetings, telephone calls, or conference calls; The forward-looking statements contained, expectations regarding future dividends, sales, profits, cash flows, operating efficiencies, restructurings, acquisitions, divestitures, joint ventures or other matters, as well as funding and debt reductions are both known and unknown. risks and uncertainties. and unforeseen circumstances.
Many of these risks, uncertainties and contingencies are beyond our control and could cause our actual results, performance or achievements to differ materially from our anticipated results, performance or achievements. . Factors that may affect such forward-looking statements include, among other things, the impact on product margins of changes in commodity prices such as oil and copper. General economic and business conditions. Turmoil in US and global financial markets. Potential problems in protecting our intellectual property. Debt rating and ability to repay or refinance depending on maturity of outstanding debt. our ability to conduct business within the limits of our covenants; potential impairment of our goodwill and/or long-term assets; demand for Koppers’ products and services; competitive conditions; fluctuations in interest and foreign exchange rates; availability and cost of key raw materials; Adverse Resolution of Claims Against the Company, and Elsewhere in this Release, and Documents Filed by Coppers with the Securities and Exchange Commission, In particular, the Company’s Most Recent Annual Report on Form 10-K and Coppers Filed with the Securities What is discussed more fully in subsequent filings and exchange committees. Forward-looking statements in this release speak only as of the date of this release and may not be forward-looking to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. We undertake no obligation to update any forward-looking statements.
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For more information: |
Quynh McGuire, Vice President of Investor Relations |
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412 227 2049 |
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[email protected] |
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