Provides Access to Growth Markets in
Texas, Midwest
PITTSBURGH, June 6, 2024
/PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP), an
integrated global provider of treated wood products, wood treatment
chemicals, and carbon compounds, today announced that Koppers
Utility and Industrial Products Inc. (UIP), a wholly owned
subsidiary of Koppers Holdings, held a ribbon cutting ceremony
in conjunction with the Leesville Parish Chamber of Commerce to
celebrate Koppers utility pole peeling and drying facility in
Leesville, Louisiana.
In March 2024, the Leesville plant began manufacturing timber
into utility poles to be treated at the company's Somerville, Texas, facility and supplied to
underserved markets, starting with Texas, and extending into the midwestern
U.S.
Koppers, a major producer of utility poles in the U.S., has
invested $17 million at Leesville, a 105-acre site that has generated
more than 35 construction jobs and new full-time positions.
"The Leesville facility is a
key example of how Koppers continues to optimize our operational
footprint," said Koppers President and Chief Operating Officer
James A. Sullivan. "It has allowed
us to reduce costs through plant automation and an improved
logistics network, while opening new opportunities in
high-potential growth markets as the demand for infrastructure
investment in the U.S. only continues to increase."
"Leesville's abundance of
timber, along with its proximity to our Somerville facility, positions us well to
strengthen our supply chain and expand our market presence," said
Koppers UIP Vice President Jim
Healey. "We're proud to officially be a part of the
Leesville community, which, along
with the state of Louisiana, have
been great partners in this process, and we thank them for their
collaboration and support."
About Koppers
Koppers (NYSE: KOP) is an integrated
global provider of essential treated wood products, wood
preservation technologies and carbon compounds. Our team of 2,200
employees create, protect and preserve key elements of our global
infrastructure – including railroad crossties, utility poles,
outdoor wooden structures, and production feedstocks for steel,
aluminum and construction materials, among others – applying
decades of industry-leading expertise while constantly innovating
to anticipate the needs of tomorrow. Together we are providing safe
and sustainable solutions to enable rail transportation, keep power
flowing, and create spaces of enjoyment for people everywhere.
Protecting What Matters, Preserving The Future. Learn more
at Koppers.com.
Safe Harbor Statement
Certain statements in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and may include, but are not limited to,
statements about sales levels, acquisitions, restructuring,
declines in the value of Koppers assets and the effect of any
resulting impairment charges, profitability and anticipated
expenses and cash outflows. All forward-looking statements involve
risks and uncertainties.
All statements contained herein that are not clearly historical
in nature are forward-looking, and words such as "outlook,"
"guidance," "forecast," "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plan,"
"potential," "intend," "likely," or other similar words or phrases
are generally intended to identify forward-looking statements. Any
forward-looking statement contained herein, in other press
releases, written statements or other documents filed with the
Securities and Exchange Commission, or in Koppers communications
and discussions with investors and analysts in the normal course of
business through meetings, phone calls and conference calls,
regarding future dividends, expectations with respect to sales,
earnings, cash flows, operating efficiencies, restructurings, the
benefits of acquisitions, divestitures, joint ventures or other
matters as well as financings and debt reduction, are subject to
known and unknown risks, uncertainties and contingencies.
Many of these risks, uncertainties and contingencies are beyond
our control, and may cause actual results, performance or
achievements to differ materially from anticipated results,
performance or achievements. Factors that might affect such
forward-looking statements include, among other things, the impact
of changes in commodity prices, such as oil and copper, on product
margins; general economic and business conditions; potential
difficulties in protecting our intellectual property; the ratings
on our debt and our ability to repay or refinance our outstanding
indebtedness as it matures; our ability to operate within the
limitations of our debt covenants; unexpected business disruptions;
potential impairment of our goodwill and/or long-lived assets;
demand for Koppers goods and services; competitive conditions;
capital market conditions, including interest rates, borrowing
costs and foreign currency rate fluctuations; availability and
fluctuations in the prices of key raw materials; disruptions and
inefficiencies in the supply chain; economic, political and
environmental conditions in international markets; changes in laws;
the impact of environmental laws and regulations; unfavorable
resolution of claims against us, as well as those discussed more
fully elsewhere in this release and in documents filed with the
Securities and Exchange Commission by Koppers, particularly our
latest annual report on Form 10-K and any subsequent filings by
Koppers with the Securities and Exchange Commission. Any
forward-looking statements in this release speak only as of the
date of this release, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances after
that date or to reflect the occurrence of unanticipated events.
For
Information:
|
Jessica Black, Senior
Manager, Corporate Communications
|
|
412 227 2025
|
|
BlackJF@koppers.com
|
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SOURCE KOPPERS HOLDINGS INC.