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.
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 revenues, earnings, restructuring, 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 Koppers 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.
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SOURCE Koppers Holdings Inc.