Minerals Technologies Signs Commercial Agreement With Major North American Papermaker For Fulfill® High-Filler Technology
(Thomson Reuters ONE) -
Agreement is 27(th) for Unique High-Filler Technology to Provide Significant
Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage 20%
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NEW YORK, June 13, 2016-Minerals Technologies Inc., (NYSE: MTX) announced today
that it has entered into a commercial agreement with a premier North American
paper company to provide Fulfill(®) E-325 higher filler technology. Minerals
Technologies (MTI) now has 27 agreements with paper mills worldwide for adoption
of the Fulfill® technology, which allows papermakers to reduce costs by
replacing higher-cost pulp with increased loading levels of precipitated calcium
carbonate (PCC). The agreement with this papermaker, which wishes to remain
unnamed for competitive reasons, marks MTI's ninth in North America.
"The widespread adoption of our Fulfill® technology is further evidence that
MTI's solutions-oriented R&D efforts continue to yield valuable innovations for
our customers. Technological innovation is a key driver in the company's growth
strategy." said Joseph C. Muscari, chairman and chief executive officer.
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 27 commercial agreements we now have, MTI is also actively
engaged with 17 additional paper mills that are interested in FulFill(®)." said
W. Rand Mendez, senior vice president & managing director, Paper PCC.
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
GlobeNewswire 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 GlobeNewswire
[HUG#2020312]
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2016 - 23:01 Uhr
Sprache: Deutsch
News-ID 477408
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contact information:
Town:
New York
Kategorie:
Business News
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