Minerals Technologies Inc. Signs Agreement with United Steel Company (SULB) to Coordinate Refractory Operations for Greenfield Steel Mill in Bahrain
(Thomson Reuters ONE) -
NEW YORK, May 30-Minerals Technologies Inc., (NYSE: MTX) announced today that
ASMAS, a unit of Minteq International Inc., which is a wholly owned subsidiary
of Minerals Technologies, has signed an agreement with United Steel Company
B.S.C. (SULB) to perform all refractory maintenance at a greenfield steel mill
in the Al-Hidd industrial area in Bahrain that is due to start up during the
third quarter of 2012. Minteq, working with other refractory companies, will be
responsible for coordinating refractory maintenance of the steel furnaces and
the other steel production vessels.
"We are extremely pleased to work with a world-class company like SULB to
provide refractory materials, service and equipment for steel-making and molten
metal transport vessels at its new steel production facility in Bahrain," said
Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies
Inc.
Minteq will be responsible for coordinating refractory materials, manpower and
equipment with Magnesita of Germany and Krosaki-Harima of Japan.
Han Schut, vice president & managing director of Minteq International, explained
that this is the first time Minteq will be responsible for the full-service
refractory maintenance of a complete steel mill, as well as Minteq's first such
contract in the Middle East. "We look forward to a fruitful and long-lasting
partnership that will increase SULB's productivity in the most economical way,"
he said.
About SULB
United Steel Company (SULB) B.S.C. is a joint venture between Bahrain-based Gulf
United Steel Holding Company (Foulath), the Middle East's leading steel
investment and holding company, and Yamato Kogyo Co., Ltd of Japan, a leading
global beams and structural sections producer. Foulath and Yamato Kogyo own 51
percent and 49 percent of SULB, respectively.
About Minerals Technologies
Minerals Technologies Inc. is a global 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 $1.04 billion in 2011.
Contact:
Rick B. Honey
(212) 878-1831
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For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
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Source: Minerals Technologies Inc via Thomson Reuters ONE
[HUG#1615782]
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2012 - 14:51 Uhr
Sprache: Deutsch
News-ID 151332
Anzahl Zeichen: 3260
contact information:
Town:
New York
Kategorie:
Business News
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