Company working with Walmart on American Jobs Initiative
NEW YORK, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) and its subsidiary American Colloid Company, a world leader in the production of bentonite, today joined employees, local officials, community leaders and Walmart representatives to recognize American Colloid Company’s dedication to American manufacturing and job creation, and celebrate being a part of Walmart’s 10-year commitment to buy an additional $250 billion in products supporting American jobs.
The day included a tour of American Colloid’s 50,000 square foot manufacturing facility and a nearby bentonite mine. American Colloid has been operating in Wyoming and South Dakota since 1927, with over 300 employees in the region, and was the inventor of clumping cat litter, which represents approximately 70% of the $2.7 billion U.S. cat litter market.
“We have been a long-term and valued supplier to Walmart, having added employees and automated packaging lines to meet their demand for cat litter,” said Jim Papp, President, Household & Personal Care, Minerals Technologies. “We are proud to be an example of how manufacturers and retailers can work together to provide high-quality American-made products.”
Based on data from Boston Consulting Group, it is estimated that 1 million new U.S. jobs will be created through Walmart’s initiative, including direct manufacturing job growth of approximately 250,000 and indirect job growth of approximately 750,000 in support and service sectors.
“Our customers have told us that second to price, where products are made influences their purchase decisions,” said Cindi Marsiglio, vice president, U.S. manufacturing, Walmart. “We are focused on buying great quality products that create jobs in communities across the U.S. It makes sense for our customers, our communities and our company.”
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.
Contact: Cindi Buckwalter
Source: Minerals Technologies Inc.