Koppers to Expand Capacity at Joint Venture in China
Thursday December 13, 8:30 am ET
PITTSBURGH, PA--(MARKET WIRE)--Dec 13, 2007 -- Koppers Holdings Inc. ( today announced the approval by the Board of Directors of Koppers (China) Carbon & Chemical Co., Ltd. (KCCC) of a project to expand the capacity of its existing tar distillation plant in Tangshan, China from 150,000 metric tons to 200,000 metric tons. The expansion, which is being constructed with Koppers valued partner Tangshan Iron and Steel Group Company, Limited ("TISCO"), is expected to increase primary carbon pitch volumes from 70,000 metric tons to 125,000 metric tons, an increase of approximately 80%, which is being driven by strong product demand. Along with Koppers other joint venture, Tangshan Koppers Kailuan Carbon Chemical Company Limited ("TKK"), total distillation capacity for Koppers joint ventures in China is estimated to be 500,000 metric tons by the end of 2008.
Koppers ownership interests are 60% for KCCC and 30% for TKK. Koppers will be responsible for all export sales for TKK. Koppers joint venture partners for TKK are Kailuan Clean Coal Co., Ltd. and TISCO.
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."
Source: Koppers Holdings, Inc.
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