Displaying items by tag: Minerals Technologies Inc

Facility will Produce 50,000 Metric Tons per Year of Coating-Grade PCC at a Paper Mill in Zhejiang Province; MTI's First Dedicated Satellite Plant for Packaging Market

Minerals Technologies Inc. (NYSE: MTX) has announced that it has signed an agreement with the Zhejiang Zhengda Paper Group Co. Ltd. for a 50,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant that will produce coating grade PCC for packaging in Zhejiang Province, China. The plant should be operational in the fourth quarter of 2015.

"This agreement with the Zhengda Paper Group is important in that it is Minerals Technologies' first on-site satellite plant to produce PCC for the coated packaging market," said Joseph C. Muscari, chairman and chief executive officer. "We are very pleased to be working with a high-caliber paper company like Zhengda Paper to help them reduce costs, upgrade quality, and improve the performance of its coated cartonboard in the market. We look forward to a long, mutually rewarding relationship with this fine company."

Minerals Technologies (MTI) will manufacture OPACARB® Coating PCC specifically tailored for the Chinese packaging market at the satellite plant. This will allow Zhengda Paper to reduce the use of other expensive raw materials such as imported clay, latex, optical brighteners and expensive finely ground GCC. The Zhengda paper mill in Fuyang City, Zhejiang Province, China, produces 600,000 metric tons per year of coated, bleached cartonboard for packaging.

Minerals Technologies Inc., has announced that it has signed a commercial agreement with CMPC Celulose Riograndense to provide Fulfill(TM) E-325 at a paper mill in Guaiba, Brazil. This marks Minerals Technologies' first such agreement in South America for the new, high-filler technology.

The company now has 13 agreements with paper mills that have adopted the Fulfill(TM) E-325 technology introduced in late 2010, which verifies the technology's commercial progress. The FulFill(TM) brand offers papermakers a variety of efficient, flexible solutions that allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage.

"We are very pleased that this premier paper company, with which we have been supplying PCC at Guaiba since 2007, will adopt our new FulFill(TM) technology. FulFill(TM) will provide CMPC a competitive advantage and allow them to continue producing quality paper but at a lower cost," said Joseph C. Muscari, Executive Chairman of Minerals Technologies. "We now have commercial agreements with papermakers in Asia, Europe, South Africa and North and South America, which validates the revitalization of our Research and Development pipeline and our commitment to advance our technology leadership throughout our global satellite network." 

CMPC Celulose Riograndense is a Brazilian company and one of the largest regional producers of bleached pulp using short eucalyptus fiber. The company's industrial unit, located in Guaíba, in the metropolitan region of Porto Alegre, runs a state-of-the-art cellulose pulp mill, with modern resources for environmental protection. It has an installed capacity of 450,000 metric tons of marketable pulp per year, aimed at the manufacture of personal hygiene paper and specialty paper, both highly valued goods. Part of the pulp production is directed to the on-site paper machine to produce 60,000 annual metric tons of printing and writing paper, chiefly sold in the domestic market. CMPC Celulose Riograndense is a subsidiary of Chilean-based Empresas CMPC S.A.

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 57 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., has announced that it has signed another commercial agreement with a North American paper company to provide FulFill(TM) E-325 at a paper mill that produces coated woodfree paper. This marks Minerals Technologies' third such agreement in North America for the new, high-filler technology. The paper company wishes to remain unnamed for competitive reasons.

The company now has 12 agreements with paper mills that have adopted the unique FulFill (TM) E-325 technology introduced in late 2010, which provides papermakers significant cost savings in reduced fiber consumption. The FulFill(TM) brand allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage.

"We are very pleased that this paper company has adopted our technology--the first paper mill producing coated paper to do so," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The adoption of our FulFill(TM) technology continues to gain momentum, verifying the technology and the revitalization of our new product pipeline and our commitment to advance our technology leadership with papermakers around the globe. We now have commercial agreements with papermakers in Asia, Europe, South Africa and North America."

PCC is a specialty pigment for filling and coating high-quality paper. Coated paper differs from uncoated paper used primarily in office copy machines. A coated sheet is used in high quality publications like annual reports and automobile advertising brochures. It has been coated by a compound like calcium carbonate to impart certain qualities to the paper, including weight, surface gloss, smoothness or reduced ink absorbency. 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 57 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.

Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage 
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NEW YORK, February 4-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a major North American paper company to provide Fulfill(TM) E-325, a new, high-filler technology, at a paper mill in the United States. This is the company's second commercial agreement with a North American papermaker.

Minerals Technologies now has 11 agreements with paper mills that have adopted the Fulfill(TM) E-325 technology that the company introduced in late 2010. These agreements confirm the commercial progress of the Fulfill(TM) brand, a portfolio of high-filler technologies that offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. The Fulfill(TM) E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage without compromising product quality or performance.

"We are very pleased that this fine papermaker, which has chosen to remain unnamed for competitive reasons, has adopted our new FulFill(TM) technology at one of its major papermaking facilities," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The 11 commercial agreements we have with papermakers around the world reaffirms our commitment to advance our technology leadership throughout our global satellite network." 

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 57 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.

The Minerals Technologies Inc. (NYSE: MTX) said that a satellite precipitated calcium carbonate (PCC) plant announced in October of 2011 at a paper mill owned by Double A (1991) Public Company Ltd. in Tha Toom, Thailand, became operational in the fourth quarter of 2012.

This joint venture is Minerals Technologies' second satellite PCC plant with Double A at the Tha Toom paper mill. This PCC facility, which will be operated by Double A Specialty Minerals Company Ltd., will eventually produce approximately 80,000 metric tons of PCC a year after it ramps up production.

The Tha Toom paper mill has also signed a commercial agreement for Minerals Technologies' FulFill(TM) E-325 technology. The adoption of FulFill(TM) E-325 by Double A had been announced previously as an agreement with an unnamed Asian papermaker.

"Our relationship with this premier papermaker, which goes back to 1996, is further strengthened by the startup of this satellite PCC plant and the use of our FulFill(TM) technology," said D.J. Monagle, senior vice president and managing director, Paper PCC. "We are very pleased to further our long-time partnership with this environmentally focused brand leader."

Double A exports its 'Double A Quality' premium copy paper to more than 100 countries and is a world leader in environmentally friendly pulp and paper production based on the development of its Farmed Trees concept. Up to one million Thai farm families plant fast-growing eucalyptus trees in previously unused space between rice patties and tapioca fields to increase their income and provide a sustainable fiber source for Double A.

PCC is a specialty pigment for filling and coating high-quality paper. By substituting PCC for more expensive wood fiber, customers like Double A 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 57 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. has announced that 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.

The Board of Directors of Minerals Technologies Inc. (NYSE: MTX) has approved a two-for-one stock split in the form of a 100-percent stock distribution payable on December 11, 2012 to shareholders of record of the company's common stock on November 27, 2012. Trading in the common stock on a post-split adjusted basis will begin December 12, 2012.

The Board of Directors also declared a fourth quarter dividend of $0.05 per share payable on December 31, 2012 to shareholders of record December 21, 2012. This dividend will be paid on all shares post-split, effectively doubling dividend payments to shareholders of the company's common stock as of the record date.   

"This two-for-one stock split and dividend increase is a result of the Board of Directors' continued confidence in the long-term growth and financial performance of Minerals Technologies," said Joseph C. Muscari, chairman and chief executive officer. "This action reflects our balanced approach of returning cash to shareholders while maintaining our ability to fund our growth strategies of geographic expansion and technological innovation, as well as continue our pursuit of mergers and acquisitions."

The stock split will result in an increase from approximately 17.7 million to 35.4 million in the number of outstanding shares of the company's common stock. Each shareowner of record on the close of business on the record date will receive one additional share of common stock for each share held.

Minerals Technologies' common stock began trading at $16 per share in 1992, when it became a publicly owned company. Since that time, the company's market capitalization has increased from $400 million to $1.24 billion.

Minerals Technologies Inc. has announced it has signed an agreement with Shandong Sun Paper Industry Joint Stock Co. Ltd. for the construction of a 100,000-metric ton satellite precipitated calcium carbonate (PCC) plant at Sun Paper's paper mill in Yanzhou City, Shandong Province, China. The satellite facility, which will become operational in the first quarter of 2014, will produce OPACARB® A40, a coating-grade PCC, for Sun Paper's lightweight coated, coated fine paper and coated paperboard grades.

"We are very pleased to be working with a premier company like Sun Paper, which is the largest privately owned paper business in China," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies, who was in China for the signing ceremony yesterday. Mr. Muscari and Mr. Li Hongxin, chairman of Sun Paper, signed a long-term relationship pact focused on broader technical and process cooperation in addition to the new satellite supply contract.

Mr. Muscari added: "This agreement is also a major advancement of our strategy to expand our PCC business in China, where paper production continues to grow between five and seven percent a year."

Shandong Sun Paper Industry Joint Stock Co. Ltd, established in 1982, is China's largest privately owned papermaker and producer of premium coated packaging board. Its paper and board products are sold throughout China and exported to more than 20 countries in Southeast Asia, Africa, and the United States. The company currently runs a total of 19 paper and board machines, with a capacity of more than 1.2 million metric tons. Sun Paper produces up to 150 grades in three primary categories: premium coated packaging paperboard, industrial-based board and office paper. Sun Paper has the consolidated asset of RMB3.6 billion and annual capacity of one million metric tons.

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 56 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., has announced  that it has signed a commercial agreement with Mondi S.A., a division  of the Mondi Group, to provide Fulfill(TM) E-325, a new, high-filler technology, at the paper company's Merebank paper mill in Durban, South Africa. This is the second commercial agreement with an affiliate of the Mondi Group; the first was with their paper mill at Ruzomberok, Slovakia, which was signed in July.

Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage

Minerals Technologies now has 10 agreements with paper mills that have adopted the Fulfill(TM) E-325 technology that the company introduced in late 2010. These agreements confirm the commercial progress of the Fulfill(TM) brand, a portfolio of high-filler technologies that offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. The Fulfill(TM) E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage without compromising product quality or performance.

"We are very pleased that this fine papermaker has adopted our new FulFill(TM) technology at another of its major papermaking facilities, which will allow them to produce quality paper at lower cost," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The 10 commercial agreements we now have with papermakers around the world reaffirms the revitalization of our new product pipeline and of our commitment to advance our technology leadership throughout our global satellite network." 

The Mondi Group's key operations are located in central Europe, Russia and South Africa. The company employees 23,400 people across 28 countries worldwide. The Mondi Merebank Mill in Durban, South Africa, produces a range of office papers including the premium South African brand, Mondi Rotatrim. Minerals Technologies has operated a satellite at the Merebank mill since October 1997.

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 56 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. has announced that its wholly owned subsidiary, Specialty Minerals Inc., has entered into an agreement with Bashundhara Paper Mills Limited to build and operate a satellite precipitated calcium carbonate (PCC) plant at Bashundhara's paper mill in Meghnaghat, Bangladesh.

The satellite PCC plant, which will produce about 30,000 metric tons of PCC a year and is expected to become operational in the first quarter of 2013, will be wholly owned and operated by Specialty Minerals Bangladesh Limited.

"We are very pleased to enter this agreement with Bashundhara Paper Mills Limited., and look forward to a long relationship with this papermaker. Minerals Technologies will help Bashundhara produce higher quality paper at a lower cost," said Joe Muscari, chairman and chief executive officer.  "This satellite, which will bring our total in Asia to 13, is another indication of the success of our strategy to grow aggressively in emerging regions."

Bashundhara Paper Mills Limited, the leading papermaker in Bangladesh, is part of the Bashundhara Group, which also has enterprises in real estate, cement, steel, bottling and distribution. In addition to its operation at Meghnaghat, Bashundhara also has paper mills in Anapura, Songargon, and Narayangonj, Bangladesh.

PCC is a specialty pigment for filling and coating high-quality paper. By making use of PCC as a replacement for more expensive pulp, customers like Bashundhara Paper Limited 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 satellite PCC plant in 1986. Today, the company has 55 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 global 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. Total sales for the company were $1 billion for 2010.