Unique High-Filler Technology Will Provide Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage 20%
NEW YORK, March 9-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a prestigious global paper producer to provide Fulfill® V-426, a new, high-filler technology, at the paper company's mill in North America. The paper company wishes to remain unnamed for competitive reasons.
Minerals Technologies now has 20 agreements with paper mills that have adopted the Fulfill® high filler technology portfolio that the company introduced in late 2010. The agreement with this papermaker marks the company's seventh in North America. It is also the company's first commercial success with FulFill ® V-426, utilizing Nalco FillerTEK® technology, as a result of the distribution agreement announced in October 2011.
These agreements confirm the commercial progress of the Fulfill® brand, a portfolio of high-filler technologies that offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. The Fulfill® portfolio allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage up to 30 percent and higher.
"We are delighted that this global papermaker is adopting the latest technology that will allow them to produce quality paper at lower cost," said D.J. Monagle, senior vice president & managing director, Paper PCC. "The continued acceptance of the FulFill® technology portfolio globally reaffirms MTI's commitment to advance our technology leadership throughout our satellite network around the world."
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 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, 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/
Rick B. Honey