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Koppers in Monessen: No
plans to close coke plant
Company is investing in coking facility, has long-term contracts
and sizable employment
PITTSBURGH, September 2, 2003 — Recent
media reports inaccurately suggest that Koppers Inc. plans to close
its Monessen coke plant.
“We have no plans to close our plant,” said Randall D. Collins,
Koppers vice president for safety, health and environmental affairs. “As
one of world’s leading producers of carbon materials for
the aluminum and steel industries, we are investing in its future,
with a seven-figure capital improvement program now underway.”
The
capital improvement program, nearly $2 million worth of investment,
will ensure the plant’s viable operation into the future,
he said.
Collins said the Monessen plant is also fulfilling
long-term customer contracts for steel industry clients. “We employ
about 100 Mon Valley residents at our plant are proud to be a strong
economic
contributor in the Mon Valley,” he said. “We want to
make sure there is no confusion about our current plans to operate
the Monessen coke plant.”
About Koppers
Koppers Inc., with corporate headquarters in Pittsburgh, is a global
integrated producer of carbon compounds and treated wood products
for use by the utility, construction, railroad, aluminum, chemical
and steel industries. Koppers operates 39 facilities in the United
States, Europe, Australia, New Zealand, Malaysia and South Africa.
The company has an indirect ownership interest in KSA Limited
Partnership, a concrete crosstie manufacturer in Portsmouth,
Ohio. The company’s stock is shared by a large number of
employee investors and by majority equity owner Saratoga Partners
of New York, N.Y.
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