- Koppers Recovery Resources, a wholly-owned subsidiary of Koppers Holdings ( NYSE: KOP ) has entered into a new five-year , $50M agreement with a Class I railroad customer to collect and manage end-of-life railroad crossties and other materials.
- Under this agreement, which continues through Dec. 31, 2027, KRR will collect and grade railroad crossties at the end of their useful life.
- Including this agreement, Koppers now serves four of six Class I railroads and remains active in exploring opportunities to increase its market presence in the industry.
- "By repurposing end-of-life crossties and working in tandem with our customer to help improve their tie flow logistics, we also receive the benefit of optimizing our operating network – an integral component of our growth strategy and path to $300 million of EBITDA generation in 2025." said Jim Sullivan, Koppers COO.
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Koppers Holdings announces new, five-year $50M contract for crosstie disposal