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.
|Sep. 17, 2014||Minerals Technologies Subsidiary, Minteq International, Acquires Cost per Tundish-Full Maintenance Contract for Tundish Refractories at Tata Steel Europe, Scunthorpe Works, UK|
|NEW YORK, NY, September 17, 2014-Minerals Technologies Inc. (NYSE: MTX) announced today that Minteq UK Ltd., a wholly owned subsidiary, has signed an agreement with Tata Steel Europe for the Cost per Tundish Maintenance of its continuous casting, tundish maintenance program at the Scunthorpe site in the United Kingdom. Tata Steel Europe is part of the Indian-based Tata Steel, and is the second largest steel producer in Europe with integrated steel manufacturing sites in Scunthorpe and Port Tal... |
|Sep. 03, 2014||Advisory: Minerals Technologies Inc. to Present at 2014 KeyBanc Capital Markets Basic Materials & Packaging Conference in Boston on September 10 |
|NEW YORK, September 3-Minerals Technologies Inc. (NYSE:MTX) will attend the 2014 KeyBanc Capital Markets Basic Materials & Packaging Conference at the InterContinental Boston Hotel on September 10. Joseph C. Muscari, chairman and chief executive officer, and Douglas T. Dietrich, Senior Vice President and Chief Financial Officer, will make a presentation to investors at 11 a.m. Eastern Time. The presentation is being webcast at: http://cc.talkpoint.com/keyb001/090814a_ae/?entity=15_QRHBTEH... |
|Aug. 11, 2014||Minerals Technologies Announces an Agreement with Sun Paper Group to Deploy its NewYield(TM) Integrated Process Technology in China|
|NewYield(TM) Integrated Process Technology Converts a Papermaking Waste Stream into a Useable Filler Pigment Generates Savings for Papermakers by Eliminating the Need to Landfill the Waste Product NEW YORK, NY, August 11, 2014-Minerals Technologies Inc. (NYSE: MTX) announced today that it has signed an agreement with Sun Paper Group to deploy the newly introduced NewYield(TM) Integrated Process Technology at Sun's pulp and paper operations in Shandong Province, China. NewYield(TM) Process Te... |
|Aug. 07, 2014||Minerals Technologies Achieves Earnings per Share of $0.94 from Continuing Operations, Up 49% for Second Quarter:|
|Reported Earnings per Share from Continuing Operations were $0.48, Including Special Items Associated with the Acquisition of AMCOL International----------Acquisition Highly Accretive to Earnings----------Highlights: Strong Cash Flows of $92 Million Operating Income, Excluding Special Items, was $54.8 Million Double-Digit Operating Margins in All Segments Synergies Ahead of Target; Integration Tracking Well Introduction of NewYield(TM) Integrated Process Technology Platform NEW YORK, August... |
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