Calgon Carbon Corporation (NYSE: CCC) and its European operating group, Chemviron Carbon, announced that Thames Water (Thames), the largest provider of drinking water and wastewater services in the U.K., has awarded Chemviron a 10-year contract to reactivate spent activated carbon used to treat drinking water. The value of the contract is dependent upon the amount of carbon that is reactivated annually, which is expected to be approximately 11 million lbs (5,000 MT).
Chemviron Carbon will reactivate the spent carbon at its Tipton plant (Tipton) near Birmingham, U.K., following a $9.5-million renovation and expansion of the facility, which is expected to be completed in 2014. The plant’s production capacity will be increased from approximately 13 million lbs (5,800 MT) to 18 million lbs (8,200 MT). Until the project is completed, Thames’s carbon will be reactivated at Chemviron Carbon’s facilities in Grays, UK and Feluy, Belgium.
Reinier Keijzer, Vice President of Chemivron Carbon, noted, “Chemviron Carbon is the largest and most effective reactivator in the UK, offering water utilities a comprehensive range of value added technical and site services.”
Bob O’Brien, Calgon Carbon’s Chief Operating Officer, added, “Because of Thames Water’s ongoing commitment to provide high quality drinking water to their customers, Calgon Carbon and Thames have a relationship that spans decades. We are very pleased that Thames selected Chemviron Carbon for its reactivation services, and we look forward to working with them over the next ten years.”
For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit www.calgoncarbon.com.
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.
This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as “expect,” “believe,” “estimate,” “anticipate,” or similar words indicating that future outcomes are uncertain.Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company’s most recent Annual Reportpursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to be materially different from any future performance suggested herein.Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company’s control.Some of the factors that could affect future performance of the company are changes in, or delays in the implementation of, regulations that cause a market for our products, acquisitions, higher energy and raw material costs, costs of imports and related tariffs, labor relations, capital and environmental requirements, changes in foreign currency exchange rates, borrowing restrictions, validity of patents and other intellectual property, and pension costs.In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company’s most recent Annual Report.
Calgon Carbon Corporation
Gail A. Gerono, Vice President – Investor Relations and Communications, Direct Dial: 412-787-6795
|Xerox Awarded Five Year Tolling and Customer Service Contract with Texas Department of Transportation (2013/9/23)|
|IBM Awarded 10 Year $1 Billion Cloud Hosting Services Contract To Assist US Department Of Interior's Move To Cloud Computing ()|
|Identive Awarded Multi-Year Contract to Provide Cashless Payment Services at Olympiastadion Berlin ()|
|Constellium awarded multi-year contract to supply advanced aluminium solutions to The Boeing Company (2013/11/21)|
|Avingtrans Signs GBP55 Million 10-Year Contract With Rolls-Royce ()|
|Calgon Carbon and Brenntag Canada Inc. Awarded Contract to Supply Second Generation Advanced FLUEPAC® Carbon for Mercury Removal (2013/9/9)|
|Calgon Carbon Provides Update to Shareholders (2013/12/13)|
|Calgon Carbon Announces the Planned Retirement of Chairman Seth Schofield (2013/12/12)|
|Calgon Carbon Adds New Board Member ()|
|Starboard Delivers Letter to Calgon Carbon CEO and Board of Directors and Issues Detailed Presentation (2013/11/4)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.