Koppers(Pittsburgh,Pennsylvania)says strong demand for residential lumber drove year-over-year(YOY)sales growth in its performance chemicals segment during August.Sales in the carbon materials and chemicals segment and the railroad and utility products segment continued to fall short,however.Sales in performance chemicals totaled $46.5 million during August,up 8.4% YOY.Koppers says several trends related to the COVID-19 pandemic have helped boost demand for residential lumber in the US."First,with virtual work environments becoming more prevalent,people now have more options regarding where to live and many appear to prefer a suburban environment,"the company suggests.
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