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 $1.638 billion in 2016.
The Company has four reportable segments:
- Specialty Minerals: The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and mines, processes and sells other natural mineral products, primarily limestone and talc. This segment’s products are used principally in the paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive and pharmaceutical industries. Minerals Technologies is the largest supplier of PCC to the worldwide paper industry.
- Performance Materials: The Performance Materials segment provides natural and synthetic materials to the industrial and consumer markets. The key businesses in Performance Materials are: Metalcasting; Household, Personal Care and Specialty Products; and Basic Minerals & Other Products. Minerals Technologies is the worldwide leader in the production of bentonite and is the leading supplier of greensand bond solutions for ferrous castings. This segment also provides products for non-residential construction, environmental and infrastructure projects worldwide, serving customers engaged in a broad range of construction projects.
- Refractories: The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment used primarily in the steel, non-ferrous metal and glass industries. Refractories is one of the world’s leading developers and marketers of mineral-based monolithic refractory materials, which are used to resist the effects of high temperature and are usually applied as coatings to surfaces exposed to extreme heat.
- Energy Services: The Energy Services segment provides services to improve the production, costs, compliance, and environmental impact of activities performed in the oil and gas industry. This segment offers a range of patented and unpatented technologies, products and services for all phases of oil and gas production throughout the world.
The Company emphasizes research and development. By developing and introducing technologically advanced new products, the Company has been able to anticipate and satisfy changing customer requirements, and to create market opportunities through new product development and product application innovations.
Minerals Technologies Inc. became a publicly traded company on October 23, 1992, following the initial public offering by Pfizer Inc. Before this initial public offering, the Company was a wholly owned subsidiary of Pfizer. The Company’s stock is listed on the New York Stock Exchange under the symbol MTX.
For further information contact:
622 Third Avenue
New York, NY 10017
Advisory Information for Investors Using Minerals Technologies Inc.'s Website
Thank you for your interest in Minerals Technologies Inc. (MTI). If you are interested in investing in our stock, we encourage you to educate yourself about our company and our industry. Information about our company is available through a variety of sources. You may access our most recent annual reports (Form 10-K), proxy statements, quarterly reports (Form 10-Q), and current reports (Form 8-K) from our website, as well as through the website of the U.S. Securities and Exchange Commission (SEC).
Our website may contain statements, estimates, or projections that constitute "forward-looking statements" as defined under U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from MTI's historical experience and our present expectations or projections. Consequently, we make no guarantees about forward-looking statements or the performance of our stock.
We undertake no obligation to update or revise any forward-looking statements. Nevertheless, you are encouraged to continually review our filings with the SEC for subsequent disclosures we may make on related subjects. Specifically, you should review our discussion regarding cautionary factors that may affect our future results or performance in our most recent annual report and possible updates in our quarterly and current reports.
This data is delayed by at least 15 minutes and is provided by Nasdaq. We make no guarantees regarding the accuracy of this data. Please note that any historical or current stock price information is not necessarily indicative of future performance.