Displaying items by tag: Minerals Technologies Inc

Minerals Technologies Inc. has just announced that its Board of Directors has authorized a new, one-year $75 million share repurchase program, effective immediately. This repurchase program replaces the previous program authorized by the Board of Directors that expired on October 1, 2019.

“This new share repurchase program demonstrates the Board of Directors’ confidence in our business model and continued strong cash flow generation,” said Douglas T. Dietrich, Chief Executive Officer. “Our balanced approach to capital deployment, supported by a solid balance sheet, gives MTI the flexibility to return capital to shareholders while also executing on our strategic growth investments.”

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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 $1.808 billion in 2018. For further information, please visit our website at www.mineralstech.com. (MTI-G)

First Commercial Deployment for Innovative Minerals Recycling Technology

Technology Provides Environmental and Cost-Reduction Solutions for Customers

Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) have just announced that it has completed the installation and deployment of ENVIROFIL® PCC at UPM-Kymmene Corporation’s (“UPM”) paper mill in Schongau, Germany. This is the first commercial deployment of ENVIROFIL® PCC and follows extensive collaboration with UPM. 50,000 dry metric tons of recovered pigments are scheduled for paper production annually at UPM’s satellite plant.

ENVIROFIL® PCC is a new, innovative recycling technology that allows papermakers to recover mineral pigments from deinking residue by converting these raw materials to ENVIROFIL® PCC. This process has proven to substantially improve waste paper yield, mitigating solid waste disposal costs and reducing the environmental impact of the deinking process.

“We are very pleased to work with UPM to deploy our newest recycling technology, which helps to address important sustainability challenges that our customers are facing at the paper mill,” said Douglas T. Dietrich, Chief Executive Officer of Minerals Technologies. “This collaboration with UPM demonstrates the value ENVIROFIL® PCC can provide our customers who are seeking ways to recover waste from the production process. We continue to develop innovative new solutions across our portfolio to meet evolving demands from customers, who require products geared towards environmental and recycling issues in addition to cost reduction solutions.”

Wolfgang Ohnesorg, General Manager of UPM Schongau, added, “The circular economy and resource efficiency offer solutions to the scarcity of natural resources, climate change and many other environmental challenges. Many of the challenges we face could be solved if materials and products were recycled and used more efficiently. In the value chain of forest industry products, UPM is involved in creating circular economy solutions.”

“UPM’s research into paper mill side streams aims to find more efficient ways to utilize by-products. In line with UPM’s Biofore approach, we continuously develop innovative ways to reduce our own waste and residues and to recycle waste into new products. The collaboration with MTI is an excellent example of our efforts to promote a circular economy. The project is part of UPM’s Zero Solid Waste target, which aims to develop solutions for recycling surplus materials to ensure that they produce added value. We already recycle or recover 90% of the process waste at UPM with our goal to further reduce the emissions and waste related to our production,” Mr. Ohnesorg concluded.

D.J. Monagle III, MTI Group President, Specialty Minerals and Refractories, commented, “We have a longstanding relationship with UPM, and we are excited to further strengthen our partnership. Through this new solution, we are providing an enhanced process for our customers to convert waste material that would normally be deposited to a landfill into a valuable pigment for producing paper. We see additional opportunities to commercialize ENVIROFIL® PCC to support our customers’ efforts to reduce process waste as well as to deploy our other high-value paper technologies.”

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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 $1.808 billion in 2018. For further information, please visit our website at www.mineralstech.com. (MTI-G)

About UPM Communication Papers
UPM Communication Papers is the world's leading producer of graphic papers, offering an extensive product range for advertising and publishing as well as home and office uses. The high performing papers and service concepts of UPM add value to our customers' businesses, while actively fulfilling demanding environmental and social responsibility criteria. With headquarters in Germany, UPM Communication Papers employs approximately 8,000 people. More about UPM Communication Papers and its products at www.upmpaper.com

About UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. We employ around 19,000 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils. www.upm.com

Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) has just announced that it has signed an agreement with Century Pulp & Paper, Division of Century Textiles and Industries Limited, to install a 45,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Lalkuan, District Nainital, India. The facility is scheduled to begin operation in the second quarter of 2020.

“We are very pleased that Century Pulp & Paper has selected Minerals Technologies to install and operate a satellite PCC plant that will provide our technology for their paper machine,” said Douglas T. Dietrich, Chief Executive Officer. “We look forward to a long and mutually rewarding relationship with this excellent paper company.”

D.J. Monagle III, Group President, Specialty Minerals and Refractories, commented further, “Century Pulp & Paper is an innovative paper company, and we are thrilled that they have confirmed the value of our PCC technology in their fine paper grades. Our PCC will be used as a paper filler to improve brightness, opacity, bulk and to reduce the cost to the papermaker of higher-cost fiber. This represents our sixth facility in India and continues our geographic growth in Asia.”

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, MTI has nearly 60 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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 $1.808 billion in 2018. For further information, please visit our website at www.mineralstech.com. (MTI-G)

Minerals Technologies Inc. has just announced that it has signed an agreement with PT Pindo Deli Pulp and Paper Mills, part of the Asia Pulp & Paper Group (APP), to build an 80,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Pindo Deli, Indonesia, located just east of the city of Jakarta. The facility will be operated by Pindo Deli Specialty Minerals (PDSM), a newly created joint venture in Indonesia.

“We are very pleased to expand our relationship with this long-term partner and world-class paper manufacturer,” said Douglas T. Dietrich, Chief Executive Officer. “This agreement follows the signing of a new 125,000 ton per year PCC plant and 40,000 ton expansion with APP in Indonesia earlier this year.”

This facility is scheduled to begin operation in the fourth quarter of 2018.  D.J. Monagle III, Group President, Specialty Minerals and Refractories, commented further, “Asia Pulp & Paper is an innovative paper company, and we are pleased that they have confirmed the value of our PCC technology in their fine paper grades. Our PCC will be used as a paper filler to improve brightness, opacity and bulk, and to reduce the cost to the papermaker of higher-cost fiber.”

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 nearly 60 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.

About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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 $1.638 billion in 2016. For further information, please visit our website at www.mineralstech.com

Minerals Technologies Signs Agreement With PT Indah Kiat Pulp & Paper, a Subsidiary of Asia Pulp & Paper Group, to Construct a 125,000 Metric-Ton Per Year Satellite PCC Plant in Indonesia, and to Expand an Existing Satellite to 140,000 Metric Tons

Minerals Technologies Inc. (NYSE:MTX) has just announced that it has signed an agreement with PT Indah Kiat Pulp & Paper (IKPP), a subsidiary of Asia Pulp & Paper (APP) to build a 125,000 metric-ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Perawang, Indonesia. As part of the agreement, Minerals Technologies will also expand its present satellite PCC facility at the Perawang mill by 40,000 metric tons to 140,000 metric tons. The facility will be operated by PT Sinar Mas Specialty Minerals, an existing joint venture with APP in Indonesia.

“We are extremely pleased to expand our relationship with this long-term partner and world-class paper manufacturer through this agreement to build a new satellite and provide additional capacity at the satellite we have had at Perawang since 1997,” said Douglas T. Dietrich, chief executive officer. “This customer is integral to our Asia growth strategy for PCC.” 

These facilities are scheduled to begin operation in the second quarter of 2018.  Rand Mendez, senior vice president and managing director of Paper PCC, commented further: “APP is an innovative paper company, and we are pleased that they have confirmed the value of our PCC technology in their fine paper grades. Our PCC will be used as a paper filler to improve brightness, opacity and bulk, and to reduce the cost to the papermaker of higher-cost fiber.”

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 more than 60 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 $1.638 billion in 2016.

For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/

Agreement is 27^th for Unique High-Filler Technology to Provide Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage 20%

Minerals Technologies Inc., has just announced 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/

26th Agreement for FulFill® Technology that Reduces Papermaking Costs by Replacing Fiber with Precipitated Calcium Carbonate

Minerals Technologies Inc., (NYSE: MTX) has just announced 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 26th 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/

Minerals Technologies, Sun Paper and Tsinghua University Form One of Six New EcoPartnerships Announced in Beijing During Recent U.S.-China Strategic and Economic Dialogue

EcoPartnership Aimed at Reducing Pollution Through Minerals Technologies' NewYield(TM) Integrated Process Technology

Minerals Technologies Inc. (NYSE: MTX) have just announced that it has formed a partnership with the Sun Paper Group and Tsinghua University's School of Environment to pilot innovation with its NewYield(TM) process technology aimed at reducing soil and ground water pollution by converting a waste stream from the papermaking process into a useable filler pigment for paper. The announcement was made on June 6 in Beijing during the China-U.S. Climate Leaders Summit held in conjunction with the eighth annual U.S.-China Strategic and Economic Dialogue. The partnership signing, sponsored by the U.S. State Department and China's National Development and Reform Commission (NDRC), was witnessed by John Kerry, U.S. Secretary of State, and Yang Jiechi, China State Councilor.

"We are very pleased to partner with two of China's leading institutions--Sun Paper and Tsinghua University--to help reduce the impact on the environment through our NewYield(TM) process technology that eliminates the cost of disposal and remediation of certain papermaking waste streams," said Joseph C. Muscari, chairman and chief executive officer. "With the leadership of Sun Paper, with which we have an operating NewYield(TM) facility, and Tsinghua University, as well as the support of China's NDRC, we expect increased interest in this technology in China."

The U.S.-China EcoPartnership program was established in 2008 to help address environmental challenges shared by both the U.S. and China. The program was created to highlight U.S.-China environmental cooperation pilot projects.

Through their new EcoPartnership, Minerals Technologies, Sun Paper and Tsinghua University will demonstrate the capability to repurpose essentially 100 percent of the lime mud waste stream generated in the papermaking process, providing a roadmap for the Chinese pulp and paper industry to reduce the adverse impact on soil and groundwater. The partnership will work to pilot the new technology, innovate ways to localize the technology to China, evaluate the results of the technology deployment, recommend policy and regulatory action, and assess the steps necessary to drive change throughout the Chinese pulp and paper industry.

In addition to NewYield(TM), Minerals Technologies also exhibited three additional families of technologies aimed at reducing environmental impact at the two-day Climate Leaders Summit. These included solutions for containment and remediation of pollutants, eco-friendly buildings, and enhancement of crop yields. The company provides a variety of technologies such as geosynthetic clay linings, groundwater treatment, solidification and stabilization, and sediment remediation for commercial, industrial and infrastructure construction. The company's technologies for eco-friendly buildings include green roof systems, geothermal drilling solutions and advanced waterproofing. Minerals Technologies also exhibited its Enersol(TM) crop enhancement product line, which improves plant health, soil bioavailability and crop yield.

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/

Agreement with Prestigious Paper Company in China Will Lower Papermaking Costs by Reducing Fiber Consumption

Minerals Technologies Inc., (NYSE: MTX) have just announced that it has entered into a commercial agreement with another leading paper company in China to provide Fulfill^® E-325 higher filler technology, which allows papermakers to produce quality paper at lower cost by replacing higher-cost fiber with precipitated calcium carbonate (PCC).

"Our FulFill^® portfolio of high-filler products continues to gain acceptance by papermakers around the world, and we are extremely pleased that this prominent papermaker in China, who wishes to remain unnamed for competitive reasons, is adopting the cost-saving technology," said Joseph C. Muscari, chairman and chief executive officer.

Minerals Technologies now has 25 agreements with paper mills that have adopted the FulFill^® technology introduced in late 2010. The company now has 10 agreements with paper companies in Asia; eight in North America; six in Europe; and one in South America. The Fulfill^® E-325 series allows papermakers to increase PCC loading levels by three to five points, replacing higher cost pulp and increasing PCC usage between 20 and 30 percent.

"The commercial validation of our Fulfill^® high-filler portfolio of products by major papermakers worldwide confirms the continued acceptance of the Fulfill^® technology," said W. Rand Mendez, senior vice president & managing director, Paper PCC. "In addition to the 25 commercial agreements we now have, MTI is also actively engaged with 19 additional paper mills that are interested in FulFill^®."

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 62 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/

Minerals Technologies Inc., has announced that it has entered into a commercial agreement with another leading Asian papermaker to provide FulFill® E-325 higher filler technology.

"We are very pleased that this prestigious Asian papermaker, who wishes to remain unnamed for competitive reasons, is adopting our FulFill® E-325 technology," said Joseph C. Muscari, chairman and chief executive officer. "Our technology will allow this paper company to produce quality paper at lower cost by replacing higher-cost fiber with PCC."

Minerals Technologies now has 23 agreements with paper mills that have adopted the FulFill® technology that the company introduced in late 2010. The company has nine agreements with paper companies in Asia; eight in North America; five in Europe; and one in South America.

"These agreements confirm the commercial progress of the FulFill® brand," said W. Rand Mendez, senior vice president & managing director, Paper PCC. "MTI is also actively engaged with more than 10 other paper mills around the world that are interested in this technology."

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, environmental, energy, polymer and consumer products industries. The company reported sales of $1.725 billion in 2014.

For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/

Contact:
Rick B. Honey
(212) 878-1831