PITTSBURGH, PA, Feb 16, 2012 (MARKETWIRE via COMTEX) --Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc.
(NYSE: KOP), has entered into a Memorandum of Understanding with
Nippon Steel Chemical, Sojitz JECT, Pizhou City People's Government
and Yizhou Group to develop and construct a fully integrated coal tar
based carbon products complex in Pizhou City, Jiangsu Province,
China. The facilities are expected to be comprised of three plants
including a 250,000 metric ton coal tar distillation plant and two
downstream plants producing needle coke and carbon black. It is
envisioned that the carbon black and needle coke facilities will be
wholly-owned subsidiaries of Nippon Steel Chemical and the coal tar
distillation facility will be owned by Koppers and Yizhou Group, with
Koppers owning a majority share. Plant construction is expected to
commence in 2012 with completion targeted for early 2014.
"We are excited to have the unique opportunity to partner with Nippon
Steel Chemical, Sojitz JECT, Pizhou City, and Yizhou Group for this
growth project. The joint cooperation among these entities brings
together the many strengths of each partner to further expand our
presence in the carbon and chemicals markets in China," said Walter
W. Turner, president and CEO of Koppers.
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
SOURCE: Koppers Holdings Inc.