Minerals Technologies Enters into Agreement with Glencore in South Africa
(Thomson Reuters ONE) -
NEW YORK, NY, January 30, 2015-Minerals Technologies Inc. (NYSE: MTX) announced
today that it has entered into agreement with Glencore in South Africa. Under
the agreement, Glencore will supply chromite products from the Glencore-Merafe
joint venture that will be exclusively distributed by Minerals Technologies in
certain territories, including the Americas.
"The agreement with Glencore will add value to our customers worldwide, and
result in a more sustainable chromite business for Minerals Technologies in the
long term," said Joseph C. Muscari, chairman and chief executive officer. "This
agreement will enable Minerals Technologies to offer more choice to customers
when adding Glencore's manufactured chromite products, as part of our Hevi-sand
portfolio."
Chromite sand is used in the manufacture of steel castings, refractory brick
making and also in the steel production process. Typical end uses can be found
in construction, energy, heavy engineering and railway applications. Minerals
Technologies' Performance Materials business operates the chromite business in
South Africa.
New York-based 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. MTI serves the paper, foundry, steel, environmental,
energy, polymer and consumer products industries. The company reported sales of
$1.73 billion in 2014.
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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
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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 GlobeNewswire
[HUG#1890696]
Unternehmensinformation / Kurzprofil:
Datum: 30.01.2015 - 15:20 Uhr
Sprache: Deutsch
News-ID 368134
Anzahl Zeichen: 2503
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Town:
New York
Kategorie:
Business News
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