Koppers Signs Long-Term Sales Contracts With Norfolk Southern
PITTSBURGH, PA -- (Marketwired) -- 01/28/14 -- Koppers Inc., a
subsidiary of Koppers Holdings Inc. (NYSE: KOP), and Norfolk Southern
Corporation (Norfolk Southern) have agreed to extend their two
existing sales contracts to supply railroad crossties and related
rail products and services for an additional three years. These
long-term contract extensions, combined with the current contract to
supply rail joint products, further strengthens the long-standing
relationship between Koppers and Norfolk Southern.
"I would like to thank the Norfolk Southern for demonstrating their
continued trust in Koppers through the recent three-year extension of
our supply contracts," said Walt Turner, president and CEO of
Koppers. Mr. Turner continued, "Securing this extension with such an
important customer confirms that our focus on being the market leader
in providing quality products and services to the North American
railroad industry is recognized by our customers."
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: www.koppers.com. 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.
Leroy M. Ball
Vice President and Chief Financial Officer
412 227 2118
Press spacebar to pause and continue. Press esc to stop.