Koppers Announces Conditional Plan to Discontinue Production Activities at Facility in Stickney, Illinois
Koppers Holdings Inc. has made a conditional decision to discontinue distillation and chemical manufacturing operations at its facility in Stickney, Illinois, subject to union negotiations. The company anticipates winding down production activities by December 31, 2026, and shifting production to its facility in Nyborg, Denmark, to improve margins and cash flow. This action is expected to result in pre-tax charges of $227 million to $262 million through the end of 2029, with $170 million to $195 million in non-cash charges and $57 million to $67 million in cash closure charges.
Key figures
- Deal Value Usd
- $227 million to $262 million
- Non cash charges
- $170 million to $195 million
- Cash closure charges
- $57 million to $67 million
- Adjusted eps improvement
- $1.00 to $1.20 per share
- Annual free cash flow improvement
- $15 million to $25 million
- Annual adjusted ebitda improvement
- $15 million to $20 million
AI analysis
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