ERJ staff report (DS)
Pittsburgh, Pennsylvania -- Koppers Holdings Inc. said carbon sales increased during its fiscal 2010 first quarter. The company makes carbon black through its subsidiary Continental Carbon Australia Pty Ltd based in Kurnell, New South Wales. It also supplies carbon black feedstock.
Koppers said overall sales increased by 1 percent, but almost all of this increase was due to stronger sales in its carbon division, which increased 19 percent, or $27.8 million.
The increase in sales in Carbon Materials and Chemicals was due mainly to higher volumes for carbon pitch and carbon black, higher prices for carbon black feedstock and phthalic anhydride, the stronger Australian dollar, and the acquisition of Cindu Chemicals BV, partially offset by lower prices for carbon pitch and lower volumes for creosote.
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Press release from Koppers