Koppers Inc., a wholly-owned subsidiary of Koppers Holdings Inc., announced that the company's 75% owned subsidiary, Koppers (Jiangsu) Carbon Chemical Company Limited (KJCC) is providing soft pitch product to its major customer in China under a special purchase order in an effort to manage product inventories at the plant in the 4Q. The special purchase order will expire at the end of this year, as the company says in the press release received by Lesprom Network.
KJCC does not expect this development to have any material impact on its operations or financial performance. Accordingly, Koppers is maintaining the company's overall outlook of $1.7 billion in sales, adjusted earnings before interest and taxes (EBITDA) of approximately $220 million, and adjusted earnings per share (EPS) in the range of $3.30 to $3.40 for 2018.
Koppers is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds.
