Minerals Technologies Signs Agreement with Jianghe Paper for the Construction of a Satellite PCC Facility in China
(Thomson Reuters ONE) -
Satellite Plant Will Be the Company's Fifth in China
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NEW YORK, December 12-Minerals Technologies Inc. (NYSE: MTX) announced today it
has signed an agreement with Henan Jianghe Paper Co., Ltd. for the construction
of a 22,000-metric ton satellite precipitated calcium carbonate (PCC) plant at
Jianghe Paper's papermaking facility in Jiaozuo City, Henan Province, China.
Jianghe Paper, a privately owned paper company, is one of the largest carbonless
and thermal papermakers in China with annual production of approximately
220,000 metric tons per year.
The satellite facility, which will produce PCC as a filler pigment for Jianghe
Paper, will become operational in the first quarter of 2014.
"Minerals Technologies is very pleased to provide our PCC to a fine company like
Jianghe Paper," said Joseph C. Muscari, chairman and chief executive officer.
"This agreement, our second in China in the last two months, adds momentum to
our geographic expansion strategy, and brings the number of satellite plants we
have in China to five."
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 59 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/
Contact:
Rick B. Honey
(212) 878-1831
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Minerals Technologies Inc via Thomson Reuters ONE
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