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Continental Carbon Australia Resolves Boiler Issue

  • Writer: Notch
    Notch
  • Nov 5, 2010
  • 1 min read

In its most recent 10-Q report filed on November 4, 2010, Koppers Holdings reported the following information about Continental Carbon Australia:

Our carbon black facility in Australia has experienced operating problems related to a boiler that impacted profitability in the first and second quarters of 2010 by approximately $0.5 million and $1.8 million, respectively. Although the problem was resolved in the third quarter, the impact on third quarter 2010 results was approximately $0.3 million.
Australian CM&C sales increased by $0.7 million as $3.7 million of positive foreign exchange translation impact was partially offset by a $2.3 million reduction in volumes for carbon black.

Waiting for more details on the issue.

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