Company's Sixth Commercial Agreement for the FulFill® Technology in North America
NEW YORK, November 21, 2014-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a North American paper company to provide FulFill® E-325 High Filler Technology. This agreement, which will deploy the technology at a paper mill that produces woodfree paper, is Minerals Technologies' sixth in North America. The paper company wishes to remain unnamed for competitive reasons.
The company now has 18 agreements with paper mills that have adopted the unique FulFill® E-325 technology introduced in late 2010. The FulFill® technology provides papermakers significant cost savings in reduced fiber consumption by allowing papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage.
"Our FulFill® technology continues to gain acceptance across the worldwide paper industry," said Joseph C. Muscari, chairman and chief executive officer. "We are extremely pleased that another paper company has elected to deploy our technology, which is a further verification of its broad-based effectiveness. Minerals Technologies now has commercial agreements with papermakers in Asia, Europe, Latin America, North America and South Africa and are actively engaged with an additional 20 paper mills worldwide. We will continue our commitment to advance our technological leadership with papermakers around the globe."
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 62 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.
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/
Rick B. Honey