09.19.14 Corporate Profile
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.
On May 9, 2014, Minerals Technologies acquired AMCOL International Corporation, doubling the company’s size to more than $2 billion in revenue to establish a stronger foundation for future growth.
The Company has five reportable segments:
Specialty Minerals: The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and the processed mineral product quicklime (lime), and mines, processes and sells other natural mineral products, primarily limestone and talc. This segment’s products are used principally in the paper, building materials, paint and coatings, glass, ceramic, polymer, food and pharmaceutical industries. Minerals Technologies is the largest supplier of PCC to the worldwide paper industry.
|Feb. 05, 2015||Minerals Technologies Signs Commercial Agreement to Deploy FulFill® E-325 Technology for High Filler Loading at a Paper Mill in Europe|
|Unique High-Filler Technology Will Provide Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage 20% ---------- NEW YORK, February 5, 2015-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement to provide Fulfill® E-325, a new, high-filler technology, at a paper mill in Europe. Minerals Technologies now has 19 agreements with paper mills that have adopted the Fulfill® E-325 technology that the company introduced in lat... |
|Jan. 30, 2015||Minerals Technologies Enters into Agreement with Glencore in South Africa|
|NEW YORK, NY, January 30, 2015-Minerals Technologies Inc. (NYSE: MTX) announced today that it has entered into agreement with Glencore in South Africa. Under the agreement, Glencore will supply chromite products from the Glencore-Merafe joint venture that will be exclusively distributed by Minerals Technologies in certain territories, including the Americas. "The agreement with Glencore will add value to our customers worldwide, and result in a more sustainable chromite business for Minera... |
|Jan. 29, 2015||Minerals Technologies Reports Fourth Quarter Earnings per Share of $1.22, Excluding Special Items, A 100-Percent Increase over Prior Year; Reported Earnings were $0.61 per Share|
|Company Reports Record 2014 Annual Earnings of $4.00 per Share, Excluding Special Items, a 65-Percent Increase over 2013; 2014 Earnings per Share, Including Special Items, were $2.59 from Continuing Operations ---------- 2014 Highlights: · Acquisition Highly Accretive to Earnings · Synergies Continue to Track Ahead of Target · Operating Income, Excluding Special Items, increased 139% for the Fourth Quarter and 89% for the Full Year · Strong Cash Fl... |
|Jan. 21, 2015||Minerals Technologies Inc. Declares Quarterly Dividend|
|NEW YORK, January 21, 2015-Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.05 per share on the company's common stock. The dividend is payable on March 11, 2015 to stockholders of record on February 20, 2015. 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 servi... |
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