Minerals Technologies Signs Commercial Agreement For Fulfill® High-Filler Technology With Major South American Papermaker
(Thomson Reuters ONE) -
26(th) Agreement for FulFill(®) Technology that
Reduces Papermaking Costs by Replacing Fiber with Precipitated Calcium Carbonate
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NEW YORK, June 9, 2016-Minerals Technologies Inc., (NYSE: MTX) announced today
that it has entered into a commercial agreement with a leading South American
paper company to provide Fulfill(®) E-325 higher filler technology. This is the
company's 26(th) commercial agreement for the technology that allows papermakers
to produce quality paper at lower cost by replacing higher-cost fiber with
precipitated calcium carbonate (PCC). The papermaker wishes to remain unnamed
for competitive reasons.
"We are extremely pleased that this prominent South American papermaker is
adopting our cost-saving technology," said Joseph C. Muscari, chairman and chief
executive officer. "The continued acceptance of our FulFill(®) product portfolio
by paper companies worldwide further validates the value-added technology
developed by MTI."
Minerals Technologies now has 10 agreements with paper companies in Asia; eight
in North America; six in Europe; and two in South America. The Fulfill(®) E-325
series allows papermakers to replace higher-cost pulp by increasing PCC loading
levels three to five percentage points, from a typical level of approximately
20 percent up to 25 percent.
"In addition to the 26 commercial agreements we now have, MTI is actively
engaged with 18 additional paper mills that are interested in FulFill(®)." said
W. Rand Mendez, senior vice president & managing director, Paper PCC. "We are
also working with numerous other paper producers to advance our NewYield®
technology that saves costs and reduces environmental impact."
PCC is a specialty pigment for filling and coating high-quality paper. By
substituting PCC for more expensive wood fiber, papermakers are able to produce
brighter, higher quality paper at lower cost. 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 North American papermaking
from an acid to an alkaline-based technology. Minerals Technologies constructed
its first PCC satellite plant in 1986. Today, the company has 64 satellite
plants in operation or under construction around the world and continues to lead
the industry with consistent quality and technical innovation.
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, construction,
environmental, energy, polymer and consumer products industries. The company
reported sales of $1.798 billion in 2015.
For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
Contact:
Rick B. Honey
(212) 878-1831
Paul Donnelly
(212) 878-1840
This announcement is distributed by GlobeNewswire 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 GlobeNewswire
[HUG#2019393]
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2016 - 17:17 Uhr
Sprache: Deutsch
News-ID 476856
Anzahl Zeichen: 3968
contact information:
Town:
New York
Kategorie:
Business News
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