Chemicals, Paper & Packaging Weekly: Chemicals, Paper & Packaging Weekly Update

研报英文原文证据摘录

Chemicals, Paper & Packaging Weekly: Chemicals, Paper & Packaging Weekly Update

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Chemicals, Paper & Packaging Weekly

Update

Industry Overview

FMC selling Indian commercial operations for $252 mm 11 May 2026

FMC Corp agreed to sell FMC India Private Limited (its Indian commercial operations) to High Yield

Crystal Crop Production Limited for $252 mm. FMC’s mgmt. expects it will realize close United States

to $425 mm (it’s carrying value at March 31, 2026), from both the sale and the Industrials/Basic

monetization of working capital, as it will continue to receive all cash from operations,

primarily through monetization of working capital, through closing. The business had

2H:24 sales of $140 mm and EBITDA of $40 mm; and 1H:25 sales of $90 mm and no Roger Spitz

EBITDA. Closing expected by end-2026. Research Analyst BofAS

+1 646 855 6946

KOP closing its Stickney, IL coal tar distillation facility roger.spitz@bofa.com

Koppers plans to close its Stickney, IL coal tar distillation plant by end-2026, which is Olivia Cui, CFA Research Analyst

expected to be a $15–$20 mm cost savings in 2027 and beyond (and increase EPS by BofAS

$1.00–$1.20) at a cash closure cost of $57–$67 mm (over three years starting Q2:26), +1olivia.cui@bofa.com646 855 6531

(and non-cash charge of $170–$195 mm in Q2–Q3:26). Koppers’ Carbon Materials and

Chemicals segment has faced structural market challenges for more than a decade”, and

the Stickney facility is an old, higher-cost facility in a market characterized by industry Exhibit 1:Table of Contents

overcapacity and increasingly constrained raw material availability. 11-MAY-2026 Weekly

The Stickney, IL coal tar distillation facility had two 300,000 mt lines. It’s closure leaves Description Page