Koppers Announces Improved Contract Terms with Several Class I Railroad Customers

Provided By PR Newswire

Last update: Sep 5, 2023

PITTSBURGH, Sept. 5, 2023 /PRNewswire/ -- Koppers Holdings Inc. (NYSE: KOP) today announced that, as part of its ongoing efforts to recoup higher input costs due to inflation, the company has agreed to an amendment of its contract with one of its Class I railroad customers. The amendment will extend the current term of the agreement from 2026 to 2030, with favorable pricing adjustments. This represents the fourth Class I customer with which Koppers has reached agreement this year on increased pricing.