2003 News Releases

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General
DateTitle  
Dec. 19, 2003CORRECTING AND REPLACING Minerals Technologies to Raise Prices for Talc and Other Mineral Products
NEW YORK--(BUSINESS WIRE)--Dec. 19, 2003--In BW5239 issued Dec. 19, 2003: First graph, third sentence of release should read: For products from BMI's Mt. Vernon, Indiana, and Wellsville, Ohio, facilities, which are manufactured from imported ore, the price increases are 1.5 cents to 2 cents per pound (sted 15 cents to 20 cents per pound). The corrected release reads: MINERALS TECHNOLOGIES TO RAISE PRICES FOR TALC AND OTHER MINERAL PRODUCTS Minerals Technologies (NYSE: ... 
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Dec. 19, 2003Minerals Technologies to Raise Prices for Talc and Other Mineral Products
NEW YORK, Dec 19, 2003 (BUSINESS WIRE) -- Minerals Technologies (NYSE: MTX) announced today a price increase for talc and barite products, which are used primarily in the plastics, coatings and health-care industries. The average price increases for Barretts Minerals Inc. (BMI), Montana talc products are 5 percent. For products from BMI's Mt. Vernon, Indiana, and Wellsville, Ohio, facilities, which are manufactured from imported ore, the price increases are 15 cents to 20 cents per pound.... 
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Dec. 04, 2003Minerals Technologies to Record a $6.5 Million Fourth Quarter Pre-Tax Charge for Restructuring and Impairment of Assets
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2003--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," ... 
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Nov. 18, 2003Minerals Technologies to Raise Prices for Ground Calcium Carbonate
NEW YORK, Nov 18, 2003 (BUSINESS WIRE) -- Minerals Technologies (NYSE: MTX) announced today that Specialty Minerals Inc., a wholly owned subsidiary, will raise prices for ground calcium carbonate, which is used primarily in the construction and automotive industries. The price increases, averaging 5 percent, will become effective January 1, 2004 or as contract terms permit. "Over the past two years we have faced increasing operating expenses at our facilities. In addition to the fuel ... 
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Oct. 23, 2003William C. Steere, Jr. to Resign from Board of Directors of Minerals Technologies Inc.
NEW YORK--(BUSINESS WIRE)--Oct. 23, 2003--Minerals Technologies announced today that William C. Steere, Jr., has stated his intention to resign from its Board of Directors, effective December 31, 2003. Mr. Steere, former chairman and chief executive officer of Pfizer Inc, cited personal reasons for his decision. "Bill Steere has been an integral member of our Board of Directors since Minerals Technologies became a publicly owned company in an initial public offering from Pfizer in O... 
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Oct. 22, 2003Minerals Technologies Inc. Announces Third Quarter Earnings Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 22, 2003--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday October 24, 2003, at 11:00 a.m. Eastern Daylight Time to discuss third quarter financial results. The company will release its financial results on October 23, 2003 and will host the conference call at 11 a.m. EDT 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 ... 
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Sep. 25, 2003Minerals Technologies Inc. Elects William C. Stivers to Board of Directors
NEW YORK--(BUSINESS WIRE)--Sept. 25, 2003--Minerals Technologies Inc. announced today that it has elected William C. Stivers to its Board of Directors. Mr. Stivers, former executive vice president and chief financial officer of Weyerhauser Company, becomes the eleventh member of the Minerals Technologies board. "William Stivers' in-depth knowledge and understanding of the worldwide paper industry and his financial expertise will make him a valuable addition to the Minerals Te... 
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Jul. 16, 2003Minerals Technologies Inc. Announces Second Quarter Earnings Conference Call
NEW YORK--(BUSINESS WIRE)--July 16, 2003--Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday July 25, 2003, at 11:00 a.m. Eastern Daylight Time to discuss second quarter financial results. The company will release its financial results on July 24, 2003 and will host the conference call at 11 a.m. EDT 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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May. 28, 2003Minerals Technologies Enters into Agreement for Extension of PCC Supply Contracts with International Paper
NEW YORK--(BUSINESS WIRE)--May 28, 2003--Minerals Technologies Inc. (NYSE: MTX) - Two Companies To Initiate Joint Development of New Technologies - Company to Host Conference Call Minerals Technologies Inc. (NYSE: MTX) announced today that it has reached a two-part agreement with International Paper Company to extend eight satellite precipitated calcium carbonate (PCC) plant supply contracts and to initiate joint efforts to develop new mineral-based products ... 
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Apr. 18, 2003Minerals Technologies Inc. Announces First Quarter Earnings Conference Call
NEW YORK, Apr 18, 2003 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE:MTX) will sponsor a conference call on Friday April 25, 2003, at 11:00 a.m. Eastern Daylight Time to discuss first quarter financial results. The company will release its financial results on April 24, 2003 and will host the conference call at 11 a.m. EDT 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 ... 
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Apr. 07, 2003Minerals Technologies to Raise Prices of Processed Minerals Products Due to Energy Cost Hikes
NEW YORK--(BUSINESS WIRE)--April 7, 2003--Due to the increase in energy costs associated with minerals processing, Specialty Minerals Inc. (SMI), a wholly owned subsidiary of Minerals Technologies Inc., (NYSE: MTX) will implement surcharges for specialty precipitated calcium carbonate (PCC), which is used in non-paper applications, ground calcium carbonate (GCC), talc, and lime. The increased cost of energy has had a direct impact on the operation of heavy mining equipment, lime kil... 
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Feb. 27, 2003Minerals Technologies Inc. Elects John T. Reid to Board of Directors
NEW YORK, Feb 27, 2003 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE: MTX) announced today the election of John T. Reid to its Board of Directors. Mr. Reid is an adjunct professor in the graduate MBA program at New York University and former chief technology officer of Colgate-Palmolive Company. "I would like to welcome John Reid to our Board of Directors," said Paul R. Saueracker, chairman, president and chief executive officer. "His more than 35 years of international busines... 
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Jan. 15, 2003Minerals Technologies Updates Fourth Quarter Earnings Outlook
NEW YORK--(BUSINESS WIRE)--Jan. 15, 2003--Minerals Technologies Inc. (NYSE:MTX) announced today that its fourth quarter earnings will be affected negatively by a decline in the performance of its refractories segment, as well as by the bankruptcy filing of one of its precipitated calcium carbonate (PCC) customers. "For the first two months of the quarter our earnings were on track," said Paul R. Saueracker, chairman, president and chief executive officer. "In Dec... 
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Dividends
DateTitle  
Oct. 23, 2003Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, October 23--Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.025 (two and one-half cents) a share on the company's common stock. The dividend is payable on December 18, 2003 to stockholders of record on November 5, 2003. 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 serve... 
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Jul. 24, 2003Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, July 24--Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.025 (two and one-half cents) a share on the company's common stock. The dividend is payable on September 18, 2003 to stockholders of record on September 5, 2003. 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... 
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Apr. 24, 2003Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, April 24-Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.025 (two and one-half cents) a share on the company's common stock. The dividend is payable on June 13, 2003 to stockholders of record on May 23, 2003. 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... 
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Jan. 23, 2003Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, January 23—Minerals Technologies Inc. (NYSE: MTX) today declared a regular quarterly dividend of $0.025 (two and one-half cents) a share on the company's common stock. The dividend is payable on March 14, 2003 to stockholders of record on March 6, 2003. 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 p... 
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Earnings
DateTitle  
Oct. 23, 2003Minerals Technologies Reports Diluted Earnings Per Share of $1.18 for the Third Quarter
NEW YORK--(BUSINESS WIRE)--Oct. 23, 2003--Minerals Technologies Inc. (NYSE: MTX) -- Reversal of Tax Accrual Increased Net Income $11.5 Million, or $0.56 Per Share, for the Quarter -- Company Signs First Contract With Major Glass Manufacturer for Use of Synsil(R) Products Minerals Technologies Inc. (NYSE: MTX) today reported third quarter net income of $24.3 million, a 71-percent increase over the $14.2 million reported in the third quarter of 2002.... 
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Jul. 24, 2003Minerals Technologies Inc. Reports Diluted Earnings Per Share of $0.70 for the Second Quarter; Sales Increase 8 Percent to $202.4 Million
NEW YORK--(BUSINESS WIRE)--July 24, 2003--Minerals Technologies Inc. (NYSE: MTX) today reported second quarter net income of $14.3 million, a 2-percent increase over the $14.0 million reported in the second quarter of 2002. Diluted earnings per common share were $0.70 compared with $0.67 in the same period last year, a 4-percent increase. The results include the effect of the company's agreement with International Paper Company (IP), which reduced earnings by approximately $0.04 per s... 
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Apr. 24, 2003Minerals Technologies Inc. Reports First Quarter Diluted Earnings Per Share of $0.74 Before Cumulative Effect of Accounting Change
NEW YORK--(BUSINESS WIRE)--April 24, 2003-- Company Records Charge of $0.17 Per Share Due to Change in Accounting for Asset Retirement Obligations; Sales Grew 13 Percent Minerals Technologies Inc. (NYSE: MTX) today reported first quarter diluted earnings per common share of $0.74, before the cumulative effect of an accounting change; this represents a 12-percent increase from the $0.66 reported in the first quarter of 2002. Diluted earnin... 
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Jan. 23, 2003Minerals Technologies Inc. Reports $0.59 in Diluted Earnings Per Share for Fourth Quarter
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2003-- Full Year 2002 Diluted Earnings per Share Were $2.61 On Sales of $752.7 Million; Company Increased Bad Debt Provision by $3 Million for Paper Company Bankruptcy Minerals Technologies Inc. (NYSE: MTX) today reported net income of $12.0 million for the fourth quarter of 2002, a 16-percent decrease from $14.2 million for the fourth quarter of 2001. ... 
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