2004 News Releases

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General
DateTitle  
Oct. 15, 2004Minerals Technologies Third Quarter Financial Results 2004 Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 15, 2004--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday, October 29, 2004, at 11:00 a.m. Eastern Time to discuss third quarter and financial results. The company will release its financial results on October 28, 2004 and will host the conference call at 11 a.m. ET the following day. The call is open to the public but active participation will be limited to investors and analysts. This call is being webcast by CC... 
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Oct. 06, 2004Specialty Minerals Inc. Initiates a 5-Percent Price Increase on Ground Limestone and Lime Products
NEW YORK--(BUSINESS WIRE)--Oct. 6, 2004--Specialty Minerals Inc., a wholly owned subsidiary of Minerals Technologies Inc. (NYSE:MTX), announced today that effective October 1, 2004, or as permitted by contracts, prices for ground limestone and lime products increased an average of 5 percent. These price increases were necessary to ensure an adequate supply of high quality products to meet customers' growing needs. During 2004, production costs have been affected by two primary... 
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Oct. 04, 2004Specialty Minerals Inc. Dedicates New Facility Near Duisburg, Germany, for the Production of Precipitated Calcium Carbonate for Paper Coating
NEW YORK--(BUSINESS WIRE)--Oct. 4, 2004--Specialty Minerals Inc., a wholly owned subsidiary of Minerals Technologies Inc. (NYSE:MTX), today dedicated a new merchant facility for the production of precipitated calcium carbonate (PCC) for use in paper coating. This facility is located at the Steag AG power generation site in Walsum, near Duisburg, Germany. "The initial annual production capacity at this facility will be 125,000 tons of PCC with a future capacity of 500,000 tons," said... 
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Jul. 16, 2004Minerals Technologies Second Quarter Financial Results 2004 Conference Call
NEW YORK--(BUSINESS WIRE)--July 16, 2004--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday, July 30, 2004, at 11:00 a.m. Eastern Time to discuss second quarter and financial results. The company will release its financial results on July 29, 2004 and will host the conference call at 11 a.m. ET the following day. The call is open to the public but active participation will be limited to investors and analysts. This call is being webcast by CCBN an... 
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Jun. 25, 2004Minerals Technologies Files Suit in Federal Court to Protect Patented Proprietary Technology; Company Charges Swiss Firm Infringes Patent on Product Used in Papermaking
NEW YORK--(BUSINESS WIRE)--June 25, 2004--Minerals Technologies Inc. (NYSE: MTX) on June 15 filed suit for patent infringement and injunctive relief against Switzerland-based Omya AG in the United States District Court in the Southern District of New York. The suit, filed by Minerals Technologies and its wholly owned subsidiary, Specialty Minerals Inc., alleges that Omya AG and its subsidiaries, Omya Industries Inc. and Omya, Inc., have infringed, are inducing the infringement of, o... 
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Apr. 28, 2004Minerals Technologies Inc. to Construct a Refractories Plant In China
NEW YORK, Apr 28, 2004 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE:MTX) announced today that its wholly owned subsidiary, MINTEQ International Inc., will build a modern, automated plant in China for the production of refractories products, which are used primarily in the steel industry. The company will spend approximately $14 million for the construction of the facility in Kunshan, which is about 50 kilometers from Shanghai amid a cluster of 15 steel mills. "In the past 10 ye... 
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Apr. 21, 2004Minerals Technologies Inc. Signs Joint Venture Agreement with APP China for Construction of Two Large Satellite PCC Plants in China
The Two Facilities Will Produce 8 units of PCC and Will Be in Operation In the First Quarter of 2005 NEW YORK, Apr 21, 2004 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced today that Specialty Minerals Inc., a wholly owned subsidiary, has expanded a joint venture agreement with Asia Pulp & Paper Company (China) Pte. Ltd., part of APP China, to construct two new precipitated calcium carbonate (PCC) satellite plants at two APP China's paper mills in The People's Repub... 
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Apr. 16, 2004Minerals Technologies First Quarter Financial Results 2004 Conference Call
NEW YORK--(BUSINESS WIRE)--April 16, 2004--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday, April 30, 2004, at 11:00 a.m. Eastern Standard Time to discuss first quarter and financial results. The company will release its financial results on April 29, 2004 and will host the conference call at 11 a.m. EST the following day. The call is open to the public but active participation will be limited to investors and analysts. This call is being webcas... 
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Apr. 14, 2004Minerals Technologies Inc. Named One of 100 Best Corporate Citizens for Second Straight Year
NEW YORK, Apr 14, 2004 (BUSINESS WIRE) -- For the second consecutive year, Business Ethics magazine has named Minerals Technologies Inc. (NYSE:MTX) to its list of 100 Best Corporate Citizens. Minerals Technologies Inc. was number 81 on the list that included such companies as Procter & Gamble, Intel, IBM, and Hewlett Packard. "We place a priority on ethical conduct at MTI, and we are very proud that we have been recognized by Business Ethics magazine for the second year in a ... 
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Mar. 26, 2004Minerals Technologies Signs Second Commercial Contract with a Major Glass Maker for Use of Synsil Products
NEW YORK--(BUSINESS WIRE)--March 26, 2004--Minerals Technologies Inc. (NYSE: MTX) announced today that it has signed its second contract to supply Synsil(R) products to the same major glass manufacturer that signed the first supply agreement in the fourth quarter of 2003. At the request of the glass manufacturer, Minerals Technologies will not disclose its name. "We are pleased that the same glass manufacturer that first decided to use our Synsil(R) products on a commercial basis ha... 
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Jan. 27, 2004Minteq to Add Surcharge to Magnesia Based Products
NEW YORK--(BUSINESS WIRE)--Jan. 27, 2004--Minerals Technologies Inc. announced today that Minteq International Inc., a wholly owned subsidiary, has instituted a surcharge for its magnesia-based refractory products. Minteq's magnesia refractory products are used primarily in the steel industry for the repair and maintenance of steel-making furnaces. The surcharge, which is $26 per short ton effective on all shipments on or after March 1, 2004, will be reviewed and adjusted as conditions al... 
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Jan. 23, 2004Gregory P. Kelm Elected Treasurer, Minerals Technologies Inc.
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2004--The Board of Directors of Minerals Technologies Inc. (NYSE: MTX) has elected Gregory P. Kelm Treasurer and an officer of the company effective January 21, 2004. He had been Assistant Treasurer. Mr. Kelm will report to John A. Sorel, Senior Vice President and Chief Financial Officer. Mr. Kelm will have responsibility for all Treasury Department functions worldwide. Greg Kelm received his Masters degree in Industrial Relations from the School ... 
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Jan. 22, 2004Minerals Technologies to Record a $6.5 Million Fourth Quarter Pre-Tax Charge for Restructuring and Impairment of Assets
NEW YORK, Dec 4, 2003 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced today that it will record a pre-tax charge in the fourth quarter of approximately $6.5 million, or $0.19 per share, for workforce reductions and impairment of assets. The company estimates that the charge will result in annual savings of approximately $5.0 million. "In the past two years, we have seen major structural changes in the manufacturing industries we serve-primarily paper and steel," sa... 
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Jan. 16, 2004Minerals Technologies Inc. Announces Fourth Quarter and Year End Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 16, 2004--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday, January 23, 2004, at 11:00 a.m. Eastern Standard Time to discuss fourth quarter and year-end financial results. The company will release its financial results on January 22, 2004 and will host the conference call at 11 a.m. EST the following day. The call is open to the public but active participation will be limited to investors and analysts. This call is... 
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Dividends
DateTitle  
Oct. 27, 2004Minerals Technologies Inc. Declares Quarterly Dividend
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2004--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 December 16, 2004 to stockholders of record on November 10, 2004. Minerals Technologies Inc. is a global resource- and technology-based growth company that develops, produces and markets the highest quality performance-enhancing minerals and related products, systems and services. MT... 
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Jul. 28, 2004Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, July 28--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 September 16, 2004 to stockholders of record on September 3, 2004. Minerals Technologies Inc. is a global resource- and technology-based growth company that develops, produces and markets the highest quality performance-enhancing minerals and related products, systems and services. MTI serves the paper, steel, polymer... 
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Apr. 28, 2004Minerals Technologies Inc. Declares Quarterly Dividend
NEW YORK, April 28--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 June 11, 2004 to stockholders of record on May 28, 2004. Minerals Technologies Inc. is a global resource- and technology-based growth company that develops, produces and markets the highest quality performance-enhancing minerals and related products, systems and services. MTI serves the paper, steel, polymer and ot... 
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Jan. 22, 2004Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, January 22--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 15, 2004 to stockholders of record on March 4, 2004. The dividend is an increase from the amount Minerals Technologies Inc. has historically paid, which had been $0.025 (two and a half cents) per share since it became a publicly owned company in October 1992. "Minerals Technologies continues to remain stron... 
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Earnings
DateTitle  
Oct. 28, 2004Minerals Technologies Reports Diluted Earnings Per Share of $0.78 for the Third Quarter, a 26-Percent Increase
NEW YORK--(BUSINESS WIRE)--Oct. 28, 2004-- Net Sales Increased 19 Percent to $236.4 Million; Income from Operations up 25 Percent Minerals Technologies Inc. (NYSE:MTX) today reported third quarter net income of $16.2 million, a 27-percent increase over the $12.8 million reported in the third quarter of 2003. Diluted earnings per common share increased 26 percent to $0.78 from $0.62 in the same period last year. "Minerals Technologies had a st... 
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Jul. 29, 2004Minerals Technologies Inc. Reports Second Quarter Diluted Earnings Per Share of $0.73, Including a Restructuring Charge of $0.01
NEW YORK--(BUSINESS WIRE)--July 29, 2004-- Company Announces Restatement of 2003 Financial Statements for Treatment of Tax Reversal; Restatement Has No Impact on Income from Operations, Cash Flows or Assets and Liabilities Minerals Technologies Inc. (NYSE: MTX) today reported second quarter net income of $15.1 million, a 6-percent increase over the $14.3 million reported in the second quarter of 2003. Diluted earnings per common share were $0.73 compared wit... 
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Apr. 29, 2004Minerals Technologies Inc. Reports First Quarter Diluted Earnings Per Share of $0.61, Including a Restructuring Charge of $0.02
NEW YORK--(BUSINESS WIRE)--April 29, 2004--Minerals Technologies Inc. (NYSE: MTX) today reported first quarter diluted earnings per common share of $0.61, which is consistent with the company's announcement on March 26. The $0.61 per share includes a restructuring charge of $0.02 per share from a program announced last year. This represents an 18-percent decrease from the $0.74 reported in the first quarter of 2003 before the cumulative effect of an accounting change. The accounting c... 
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Mar. 26, 2004Minerals Technologies Inc. Expects First Quarter Earnings Per Share to Be in the Range of $0.58 to $0.63, Including Restructuring Charges of $0.02
NEW YORK--(BUSINESS WIRE)--March 26, 2004-- Company Remains Optimistic that Full Year Earnings per Share Will be Between $2.90 and $3.00, Excluding Restructuring Charges Minerals Technologies Inc. (NYSE: MTX) announced today that it expects its first quarter earnings per share to be between $0.58 and $0.63, including restructuring charges of $0.02 from the program announced late last year. The First Call average is $0.68. "We indicated in our fourth quarter 2003 ... 
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Mar. 26, 2004Minerals Technologies Inc. Expects First Quarter Earnings per Share to be in the Range of $0.58 to $0.63, Including Restructuring Charges of $0.02
Company Remains Optimistic that Full Year Earnings per Share Will be Between $2.90 and $3.00, Excluding Restructuring Charges NEW YORK, March 26--Minerals Technologies Inc. (NYSE: MTX) announced today that it expects its first quarter earnings per share to be between $0.58 and $0.63, including restructuring charges of $0.02 from the program announced late last year. The First Call average is $0.68. "We indicated in our fourth quarter 2003 earnings conference call in Januar... 
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Jan. 22, 2004Minerals Technologies Inc. Reports $0.64 in Diluted Earnings Per Share for Fourth Quarter
NEW YORK--(BUSINESS WIRE)--Jan. 22, 2004--Minerals Technologies Inc. (NYSE: MTX) Full Year 2003 Diluted Earnings Per Share Were $3.09 on Sales of $813.7 Million Fourth Quarter Results Include Restructuring and Asset Impairment Charges of $0.19 Per Share and a Favorable Tax Adjustment of $0.17 Per Share Minerals Technologies Inc. (NYSE: MTX) today reported net income of $13.2 million for the fourth quarter o... 
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