AMCOL International Corporation Awarded Major Lining Supply Contract
Construction Technologies Segment to Provide Materials for Processing
Facilities in Saudi Arabia
HOFFMAN ESTATES, IL -- (Marketwired) -- 11/06/13 -- AMCOL
International Corporation (NYSE: ACO) announced today that it is
furnishing more than 1.5 million square meters (16 million+ square
feet) of its Resistex(R) geosynthetic clay liner (GCL) product to a
new aluminum processing facility in Saudi Arabia. The $25.3 million
contract includes supply of the GCL and all other components of the
multi-layer lining system.
The lining materials will be used in the construction of an on-site
disposal facility at a new alumina refinery being constructed by
Ma'aden Bauxite and Alumina Company, a joint venture between ALCOA
Inc. and Saudi Ma'aden Mining Company. The contract is with Hyundai
Engineering and Construction Co., based in Seoul, Korea.
"This project provides an example of the value CETCO provides to our
customers via customer-focused research and development. Resistex is
part of a family of proprietary GCL products developed through years
of research and development, designed to perform in conditions
presenting challenges for standard GCLs," said Patrick Carpenter,
President of the AMCOL Construction Technologies segment. "With a
global production platform, in-house logistics expertise, and direct
access to state of the art technology in minerals performance
enhancement, we are uniquely positioned to supply large projects in
the mining and minerals processing industries."
A wholly owned subsidiary of AMCOL International (NYSE: ACO), Colloid
Environmental Technologies Company, LLC (CETCO) is a global
construction technologies company with a range of products and
services including geosynthetic clay liners (GCLs), drilling
products, building materials, engineering support, technical
assistance, custom solutions, and research and development.
Founded in 1927, AMCOL International Corporation is a leading
producer and marketer of diverse specialty materials with a core
expertise in minerals and polymer science. Through four business
segments: Performance Materials, Construction Technologies, Energy
Services, and Transportation and Logistics, AMCOL creates solutions
that enhance the quality, efficiency and sustainability of its
customers' products and services in a growing global marketplace.
Headquartered in Hoffman Estates, Illinois, AMCOL International
Corporation is a publicly owned company traded under the symbol ACO
(NYSE). The AMCOL web address is www.amcol.com.
This release contains certain forward-looking statements regarding
the expected performance of AMCOL for future periods where actual
results for such periods might materially differ. Such
forward-looking statements are subject to uncertainties, which
include, but are not limited to, actual growth in various markets
AMCOL serves, utilization of the AMCOL plants, currency exchange
rates, currency devaluation, delays in development, production and
marketing of new products, integration of acquired businesses, and
other factors detailed from time to time in the AMCOL annual reports
and other reports filed with the Securities and Exchange Commission.
AMCOL undertakes no duty to update any forward-looking statement to
conform the statement to actual results or changes in its
For further information, contact:
Senior Vice President & Chief Financial Officer
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