Koppers Inc., a wholly owned subsidiary of Koppers Holdings Inc., has agreed to extend a contract with one of its four largest railroad customers, Norfolk Southern Railway Company (NS), to 2021 from the previous 2016 expiration. In 2015, revenues from NS represented approximately 10 percent of railroad-related sales.
The current agreement extension includes commitments for Koppers to provide crossties as well as other related products to NS through the contract period.
"We place a high value on our long-term relationship with Norfolk Southern, and are pleased with their confidence in Koppers to continue serving them as a critical business partner for many more years," stated Tom Loadman, Koppers’ senior vice president of railroad products and services.
"We are proud of our long-standing record of serving Norfolk Southern and the Class I rail industry in North America,” remarked Koppers President and CEO Leroy Ball. “Our commitment to supplying high-quality products and services to the rail industry will continue to be an emphasis for Koppers as we transform the company into the global leader in wood-based technology."