Koppers Ceasing Phthalic Anhydride Operations at Stickney Facility [Yahoo! Finance]
Koppers Holdings Inc. Koppers Holdings Inc. (KOP)
Last koppers holdings inc. koppers holdings inc. earnings: 2/27 08:00 am
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Source: Yahoo! Finance
The decision affects 25 employees and is expected to result in pre-tax charges of $51-55 million through 2026. The closure will improve the site's environmental footprint, reducing annual emissions by 50-70%. The company will continue to operate its coal tar distillation operations at the facility, which produces products such as creosote and pavement sealer base. Consistent with Strategy to Optimize Business Portfolio and Enhance Free Cash Flow PITTSBURGH Dec. 5, 2024 /PRNewswire/ -- Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc. (NYSE: KOP), today announced that the company will discontinue phthalic anhydride production at its facility in Stickney, Illinois , in 2025. The decision, affecting approximately 25 employees, was driven by significant near-term capital spending requirements that could not be economically justified by end-market projections. An ancillary benefit is an improvement in the site's environmental footprint as annual emissions of certain re
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KOP
Earnings
- 11/8/24 - Beat
KOP
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- KOP's page on the SEC website