MTI Release

Minerals Technologies Subsidiary Signs Joint Venture Agreement with Rawabi Holding to Provide Well Testing for Saudi Aramco

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NEW YORK, November 12, 2014-Minerals Technologies Inc. announced today that CETCO Energy Services, a wholly owned subsidiary, has signed a joint venture agreement with Rawabi Holding to provide well testing services to Saudi Aramco.

"We are very pleased to have entered into an agreement with such a well-respected company as Rawabi Holding to provide well testing services to Saudi Aramco, the world's largest oil company," said Joseph C. Muscari, chairman and chief executive officer. "We expect this agreement to, over time, lead to filtration business in the region as well."

CETCO Energy Services provides safe, customized and dependable well testing and blowout flow control services for the oil and gas industry for both onshore and offshore applications. CETCO provides customers with a fleet of equipment for rapid mobilization to any job site and is capable of handling hazardous and lethal flow streams in addition to high wellhead pressures and solids.

Rawabi Holding is a privately held firm based in Saudi Arabia that provides oilfield services, as well as contracting and industrial services throughout the Middle East. For more information about Rawabi visit their website at www.Rawabiholding.com.

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 $1.02 billion in 2013.

Contact:
Rick B. Honey
(212) 878-1831

 
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