Minerals Technologies Signs Agreement with Nanning Jindaxing Paper for the Construction of a Satellite PCC Facility in China
(Thomson Reuters ONE) -
Satellite Plant Will Be the Company's Sixth in China; Agreement includes
Application of FulFill(®) E-325 Technology
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NEW YORK, August 26-Minerals Technologies Inc. (NYSE: MTX) announced today it
has entered into a joint venture agreement with Nanning Jindaxing Paper Industry
Co. Ltd. for the construction of a 45,000-metric ton satellite precipitated
calcium carbonate (PCC) plant at Jindaxing Paper's papermaking facility in
Guangxi Province, China. Jindaxing Paper, a privately owned paper company, is a
producer of uncoated freesheet paper with an emerging presence on the office
paper markets.
The satellite facility, which will produce PCC as a filler pigment for Jindaxing
Paper will become operational in the fourth quarter of 2014.
"We are pleased to provide our PCC to an emerging paper company like Jindaxing
Paper," said Robert S. Wetherbee, chief executive officer. "This agreement, our
third in China within the last year, confirms the momentum of our geographic
expansion strategy, and brings the number of satellite plants we have in China
to six. It should also be noted that Minerals Technologies' cost-saving,
FulFill(®) high-filler technology was a differentiator in obtaining the contract
with Jindaxing Paper, and represents our commitment to bring our best technology
to all our customers as soon as possible."
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 $1.01 billion in 2012.
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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
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(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
[HUG#1724859]
Unternehmensinformation / Kurzprofil:
Datum: 26.08.2013 - 17:10 Uhr
Sprache: Deutsch
News-ID 290965
Anzahl Zeichen: 3379
contact information:
Town:
New York
Kategorie:
Business News
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