Specialty Minerals Inc. Raises Prices
NEW YORK--(BUSINESS WIRE)--Aug. 7, 2008--Effective September 1, 2008, Specialty Minerals Inc. (SMI), a wholly owned subsidiary of Minerals Technologies Inc. (NYSE: MTX) will be implementing price increases for ground calcium carbonate, precipitated calcium carbonate, and lime products used in non-paper applications. These increases will range from 5 percent to 15 percent and will be applied to products manufactured at SMI's North American manufacturing facilities in Adams, Massachusetts; Canaan, Connecticut; and Lucerne Valley, California. These price increases are necessitated by a number of factors, including the cost of mining, processing, packaging and shipping, which have caused SMI's product costs to escalate at rates that significantly exceed historical norms.
Minerals Technologies Inc. is a global 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. The company recorded sales of $1.08 billion in 2007.
For further information about Minerals Technologies Inc. look on the Internet at http://www.mineralstech.com/
CONTACT: Minerals Technologies Inc.
Rick B. Honey, 212-878-1831
SOURCE: Minerals Technologies Inc.