Minerals Technologies Inc. Signs Commercial Agreement with Mondi to Deploy FulFill(TM) E-325 Technology for High-Filler Loading at the Merebank Paper Mill in South Africa
(Thomson Reuters ONE) -
Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber
Consumption by Increasing PCC Filler Usage
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NEW YORK, August 22-Minerals Technologies Inc., (NYSE: MTX) announced today that
it has signed a commercial agreement with Mondi S.A., a division of the Mondi
Group, to provide Fulfill(TM) E-325, a new, high-filler technology, at the paper
company's Merebank paper mill in Durban, South Africa. This is the second
commercial agreement with an affiliate of the Mondi Group; the first was with
their paper mill at Ruzomberok, Slovakia, which was signed in July.
Minerals Technologies now has 10 agreements with paper mills that have adopted
the Fulfill(TM) E-325 technology that the company introduced in late 2010. These
agreements confirm the commercial progress of the Fulfill(TM) brand, a portfolio
of high-filler technologies that offers papermakers a variety of efficient,
flexible solutions that decreases dependency on natural fiber and reduces costs.
The Fulfill(TM) E-325 series allows papermakers to increase loading levels of
precipitated calcium carbonate (PCC), which replaces higher cost pulp, and
increases PCC usage without compromising product quality or performance.
"We are very pleased that this fine papermaker has adopted our new FulFill(TM)
technology at another of its major papermaking facilities, which will allow them
to produce quality paper at lower cost," said Joseph C. Muscari, chairman and
chief executive officer of Minerals Technologies. "The 10 commercial agreements
we now have with papermakers around the world reaffirms the revitalization of
our new product pipeline and of our commitment to advance our technology
leadership throughout our global satellite network."
The Mondi Group's key operations are located in central Europe, Russia and South
Africa. The company employees 23,400 people across 28 countries worldwide. The
Mondi Merebank Mill in Durban, South Africa, produces a range of office papers
including the premium South African brand, Mondi Rotatrim. Minerals Technologies
has operated a satellite at the Merebank mill since October 1997.
PCC is a specialty pigment for filling and coating high-quality paper. By
substituting Minerals Technologies' PCC for more expensive wood fiber, customers
are able to produce brighter, higher quality paper at lower cost. 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 56 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 $1.04 billion in 2011.
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For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
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Contact:
Rick B. Honey
(212) 878-1831
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Source: Minerals Technologies Inc via Thomson Reuters ONE
[HUG#1635640]
Unternehmensinformation / Kurzprofil:
Datum: 22.08.2012 - 18:06 Uhr
Sprache: Deutsch
News-ID 176901
Anzahl Zeichen: 4353
contact information:
Town:
New York
Kategorie:
Business News
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