Printer Friendly

Koppers Inc announces MOU for construction of coal tar carbon products complex in China.

M2 EQUITYBITES-February 17, 2012-Koppers Inc announces MOU for construction of coal tar carbon products complex in China(C)2012 M2 COMMUNICATIONS http://www.m2.com

Koppers Inc said on Thursday that it has entered into a Memorandum of Understanding (MOU) to develop and construct a fully integrated coal tar based carbon products complex in Pizhou City, Jiangsu Province, China.

The company has signed the MOU with Nippon Steel Chemical, Sojitz JECT, Pizhou City People's Government and Yizhou Group.

This complex is 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, added Koppers.

Under a proposed agreement, 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.

In addition, Koppers plans to commence construction in 2012 with completion targeted for early 2014.

Koppers Inc is a producer of carbon compounds and treated wood products and a wholly owned subsidiary of Koppers Holdings Inc (NYSE:KOP).

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDFebruary 17, 2012>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:9CHIN
Date:Feb 17, 2012
Words:208
Previous Article:Koppers Holdings Inc awarded new crosstie purchase order.
Next Article:FBL Financial announces dividend of USD0.10 per share for quarter.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters