Minerals Technologies Inc: Minerals Technologies Inc. Signs Commercial Agreement with Major North American Papermaker to Deploy FulFill® E-325 Technology Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage NEW YORK, April 11, 2014-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a major North American paper company to provide Fulfill® E-325, a new, high-filler technology, at a paper mill in the United States. This is Minerals Technologies' fourth commercial agreement for the technology in North America. The Fulfill®E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), replacing higher cost pulp, and increasing PCC usage without compromising paper quality or performance. The advancement of this new technologyconfirms the commercial progress of the Fulfill® brand, which offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. "We are very pleased that this major papermaker, which has chosen to remain unnamed for competitive reasons, has adopted our new FulFill® technology at one of its major paper mills," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The 16 commercial agreements we have with papermakers around the world for this technology exemplify our commitment to advance our technology leadership to support papermakers 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 58satellite 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 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. The company recorded sales of $1.02 billion in 2013. ---------- For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/ Contact: Rick B. Honey (212) 878-1831 ------------------------------------------------------------------------------ This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Minerals Technologies Inc via Globenewswire HUG#1776878
Minerals Technologies Inc: Minerals Technologies Inc. Signs Commercial Agreement with Major North American Papermaker to Deploy
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