PITTSBURGH, PA -- 11/09/09 --
Koppers Inc., a subsidiary of Koppers
Holdings Inc. (NYSE: KOP), and Burlington Northern Santa Fe Corporation
("BNSF") have agreed to a seven-year extension of an existing contract for
railroad crossties and various other products and services. The agreement
extends the existing contract, which runs through December 31, 2010, for an
additional seven years through December 31, 2017. Revenues from BNSF under
this contract amounted to approximately $57 million in 2008.
"We are pleased to be able to extend this contract and this important
relationship with a long-term, high-quality customer like BNSF," said
Walter W. Turner, president and CEO of Koppers.
About 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, 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 Brian H. McCurrie at 412 227 2153 or Michael W.
Snyder at 412 227 2131.
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,
restructuring, 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 "believe," "anticipate," "expect,"
"estimate," "may," "will," "should," "continue," "plans," "intends,"
"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 documents
filed with the Securities and Exchange Commission, or in Koppers
communications with and discussions with investors and analysts in the
normal course of business through meetings, phone calls and conference
calls, regarding expectations with respect to sales, earnings, cash flows,
operating efficiencies, product introduction or expansion, the benefits of
acquisitions and divestitures or other matters as well as financings and
repurchases of debt or equity securities, 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, general economic
and business conditions, demand for Koppers goods and services, competitive
conditions, interest rate and foreign currency rate fluctuations,
availability of key raw materials and 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 quarterly
report on Form 10-Q. 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:
Brian H. McCurrie
Vice President, Chief Financial Officer
412 227 2153
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