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| - Facility Will Be the Company's Eleventh European Satellite |
NEW YORK, Aug 9, 2013 - (ACN Newswire) - Minerals Technologies Inc. (NYSE: MTX) announced today it has signed an agreement for a 14,000-metric ton satellite precipitated calcium carbonate (PCC) plant in Europe. The satellite facility, which will produce PCC as a filler pigment, will become operational in the fourth quarter of 2014.
"We are very pleased to have come to an agreement for a satellite PCC plant at a paper mill in Europe for an established paper company that wished to remain unnamed for competitive reasons," said Robert S. Wetherbee, chief executive officer of Minerals Technologies. "This facility will be our eleventh in Europe to deliver our PCC filling technology, which provides savings to papermakers by replacing higher-cost fiber."
PCC is a specialty pigment for filling and coating high-quality fine papers. In 1986, Minerals Technologies originated the satellite concept for making and delivering PCC on-site at paper mills and the concept was a major factor in revolutionizing papermaking in North America. Today, the company has more than 55 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.
Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.01 billion in 2012.
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/.
Contact:
Rick B. Honey
+1-212-878-1831
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Source: Minerals Technologies Inc via Thomson Reuters ONE
Topic: Press release summary
Source: Minerals Technologies Inc.
https://www.acnnewswire.com
From the Asia Corporate News Network
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