2001 News Releases

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General
DateTitle  
Dec. 18, 2001Minerals Technologies Inc. Announces Reorganization
NEW YORK, Dec 18, 2001 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE: MTX) today announced a reorganization of the company's senior management that will become effective January 1, 2002. Anton Dulski, chief operating officer, will reduce his day-to-day responsibilities. He will remain executive vice president with the company. In this role he will have two major responsibilities--to continue to pursue worldwide acquisition opportunities and to further strengthen the company's rel... 
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Nov. 08, 2001Minerals Technologies' CEO Paul R. Saueracker Talks to The Wall Street Transcript
NEW YORK--(BUSINESS WIRE)--Nov. 8, 2001--The Wall Street Transcript has published an in-depth interview with Paul R. Saueracker, Chairman and CEO Minerals Technologies (NYSE:MTX), in which he talks at length about the company's future. The entire 3,200-word interview is available free online at http://www.twst.com/ceos.htm Saueracker gives an overview of the company. "Minerals Technologies is a resource- and technology-based growth company. We became a publicly ... 
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Oct. 18, 2001Board of Directors of Minerals Technologies Elects Paul R. Saueracker Chairman
NEW YORK, October 18--The Board of Directors of Minerals Technologies Inc. today elected Paul R. Saueracker chairman of the board, effective immediately. Mr. Saueracker, who has been president and chief executive of the company since January 1, 2001, will succeed Jean-Paul Vallès, Ph.D. Dr Vallès served as chairman and chief executive since Minerals Technologies became a publicly traded company in October 1992. On January 1, 2001 he retired as chief executive officer. The Board of Directors name... 
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Sep. 24, 2001Minteq International Acquires RIJNSTALL B.V.
NEW YORK, September 24--Minerals Technologies Inc. (NYSE: MTX) announced today that MINTEQ International Inc., a wholly owned subsidiary, has purchased all of the outstanding shares of Rijnstaal B.V., a Netherlands-based producer of cored metal wires used mainly in the steel and foundry industries. Rijnstaal B.V. reported sales of approximately $17 million in 2000, of which roughly half were realized in the United States. "Rijnstaal has developed a 'middle market' calcium-containing cored wi... 
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Jul. 13, 2001Minerals Technologies to Webcast Second Quarter Earnings Conference Call with Analysts on July 20
NEW YORK--July 13, 2001--Minerals Technologies Inc. (NYSE: MTX - news) invites the public and investors to listen to a webcast at http://www.mineralstech.com on Friday, July 20 at 11 a.m. EDT. The purpose of the call is provide analysts and investors with a review of the company's second quarter 2001 financial performance. An archived copy of the webcast of the conference call will be available on the company's website until July 30. For further information about Minerals Technologies In... 
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Jun. 12, 2001Minerals Technologies Announces Restructuring to Reduce Costs
NEW YORK, June 12--Minerals Technologies Inc. (NYSE: MTX) announced today that, as part of its plan to control operating costs and to improve efficiency, it will reduce its workforce by approximately 120 full-time employees, or about 5 percent. This is the first such system-wide workforce reduction since the company was established in 1992. The reduction spans the company's worldwide operations, with reductions coming from all subsidiaries and organizational levels. On May 1, the Company acqu... 
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May. 24, 2001Minerals Technologies Inc. to Construct a New Merchant PCC Production Facility in Germany
Site Will Manufacture Coating-Grade PCC NEW YORK, May 24--Minerals Technologies Inc. (NYSE: MTX) announced today that its wholly owned subsidiary Specialty Minerals Inc. will invest $27 million for the construction of a new merchant facility in Germany for the production of coating grade precipitated calcium carbonate (PCC). This facility will produce sophisticated PCC coating products for use in high-quality publication and graphic art papers. The PCC merchant plant will be located in Wa... 
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May. 01, 2001Minerals Technologies Inc. Closes on Purchase of Refractories Business of Martin Marietta Materials
NEW YORK, May 1--Minerals Technologies Inc. (NYSE: MTX) announced that its wholly owned subsidiary, MINTEQ International Inc., today closed on the transaction to purchase the refractories business component of Martin Marietta Magnesia Specialties Inc., a wholly owned subsidiary of Martin Marietta Materials, Inc. (NYSE: MLM). The purchase price was $34 million. Both MINTEQ International Inc. and Martin Marietta Magnesia Specialties Inc. are producers of monolithic refractory materials, which a... 
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Apr. 18, 2001Minerals Technologies to Webcast First Quarter Earnings Conference Call with Analysts on April 20
NEW YORK--April 18, 2001--Minerals Technologies Inc. invites the public and investors to listen to a webcast at http://www.mineralstech.com on Friday, April 20 at 11 a.m. EDT. The purpose of the call is provide analysts and investors with a review of the company's first quarter 2001 financial performance. An archived copy of the webcast of the conference call will be available on the company's website until April 30. For further information about Minerals Technologies Inc., call 1-88... 
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Mar. 26, 2001Minerals Technologies to Construct a PCC Plant at Metsa-Serla Paper Mill in France
NEW YORK, March 26--Minerals Technologies Inc. (NYSE: MTX) announced today that its wholly owned subsidiary, Specialty Minerals France, has signed an agreement with the Metsä-Serla Group of Finland to construct and operate a satellite precipitated calcium carbonate (PCC) plant at a paper mill owned by Metsä-Serla at Alizay, France. This plant will be dedicated to the production of sophisticated PCC products used in the filling of wood-free printing and writing papers. The satellite PCC plant ... 
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Feb. 23, 2001Minerals Technologies Inc. to Acquire Refractories Business of Martin Marrieta Materials, Inc.
NEW YORK, February 23-Minerals Technologies Inc. (NYSE: MTX) announced today that its wholly owned subsidiary MINTEQ International Inc. has signed an agreement to purchase the refractories business component of Martin Marietta Magnesia Specialties Inc., which is a wholly owned subsidiary of Martin Marietta Materials, Inc. (NYSE: MLM) of Raleigh, North Carolina. Terms of the agreement were not disclosed. Both MINTEQ International Inc. and Martin Marietta Magnesia Specialties Inc. are producers of... 
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Jan. 25, 2001Minerals Technologies Elects Three New Corporate Officers
Cheng, Massimine and Sorel Named to Management Committee NEW YORK, January 25-The Board of Directors of Minerals Technologies Inc.(NYSE: MTX) today elected three new corporate vice presidents. The Board elected: Allen Cheng, Ph.D., vice president and managing director, MINTEQ International; Kenneth L. Massimine, vice president and managing director, Processed Minerals; and John A. Sorel, vice president and managing director, Paper PCC. The three had been named previously to the company's Mana... 
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Jan. 02, 2001Minerals Technologies to Construct a PCC Satellite Plant for Great Northern Paper; Manufacturing Facility to Produce Patented at PCC
NEW YORK--January 2, 2001--Minerals Technologies Inc. (NYSE:MTX) announced today that its wholly owned subsidiary Specialty Minerals Inc. will construct a satellite plant for the production of precipitated calcium carbonate (PCC) at a paper mill owned by Great Northern Paper, Inc. in Millinocket, Maine. The satellite plant, which will provide the company's AT(TM) PCC for filling groundwood specialty paper produced by Great Northern, will be equivalent to two units. A unit represents between ... 
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Dividends
DateTitle  
Oct. 18, 2001Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, Oct 18, 2001 (BUSINESS WIRE) -- 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, 2001 to stockholders of record on November 5, 2001. Minerals Technologies Inc. is a global resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based and synthetic mineral products for the pap... 
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Aug. 20, 2001Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, August 20--Minerals Technologies Inc. (NYSE: MTX) on August 16 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, 2001 to stockholders of record on September 6, 2001. Minerals Technologies Inc. is a global resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based and synthetic mineral products for the paper, steel, polymer a... 
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Apr. 26, 2001Minerals Technologies Inc. Declares Regular Quarterly Dividend
MINERALS TECHNOLOGIES INC. DECLARES REGULAR QUARTERLY DIVIDEND Minerals Technologies Inc. Declares Regular Quarterly DividendNEW YORK --April 26, 2001--Minerals Technologies Inc. (NYSE: MTX - news) 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 15, 2001 to stockholders of record on May 25, 2001. Minerals Technologies Inc. is a resource- and technology-based organization ... 
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Jan. 25, 2001Minerals Technologies Inc. Declares Regular Quarterly Dividend
NEW YORK, January 25--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 16, 2001 to stockholders of record on March 6, 2001. Minerals Technologies Inc. is a resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based and synthetic mineral products for the paper, steel, polymer and other manufacturin... 
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Earnings
DateTitle  
Oct. 18, 2001Minerals Technologies Reports Diluted Earnings Per Share of $0.68 for the Third Quarter; Net Sales Increased 5 Percent to $174.9 Million
NEW YORK, Oct 18, 2001 (BUSINESS WIRE) -- Minerals Technologies Inc. (NYSE:MTX) today reported third quarter net income of $13.6 million, a 10-percent decline from the $15.1 million reported in the third quarter of 2000. Diluted earnings per common share declined 6 percent to $0.68 from $0.72 in the same period last year. Worldwide sales in the quarter were up 5 percent to $174.9 million from $167.3 million in the previous year, primarily due to the acquisition of the Martin Marietta ... 
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Jul. 19, 2001MIneral Technologies Inc. Reports Second Quarter Diluted Earnings Per Share of $0.52
Excluding A Restructuring Charge of $0.10 Per Share, Earnings Per Share Were $0.62 Excluding A Restructuring Charge of $0.10 Per Share, Earnings Per Share Were $0.62 NEW YORK, July 19 -- Minerals Technologies Inc. (NYSE: MTX) today reported second quarter net income of $10.3 million, a 40-percent decrease from the $17.2 million reported in the second quarter of 2000. Diluted earnings per common share were $0.52 compared with $0.81 in the same period last year, a 36-per... 
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Apr. 19, 2001MInerals Technologies Inc. Reports First Quarter Diluted Earnings per Share of $0.58 on Sales Gain of 2 Percent
NEW YORK-- April 19, 2001--Minerals Technologies Inc. (NYSE:MTX - news) today reported first quarter diluted earnings per common share of $0.58, an 18-percent decline from the $0.71 reported in the first quarter of 2000. Worldwide sales were $164.0 million compared with $160.9 million in the first quarter of 2000, a 2-percent increase. Foreign exchange had a negative impact on sales of approximately $4.4 million, or 3 percentage points. For the quarter, operating income was $19.5 million compa... 
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Jan. 18, 2001Mineral Technologies Reports $0.34 in Diluted Earnings Per Share for Fourth Quarter, After Special Charges of $0.31 Per Share
NEW YORK--January 18, 2001-- Minerals Technologies Inc. (NYSE: MTX ) today reported net income of $6.9 million for the fourth quarter of 2000, a 59-percent decrease from the $16.8 million for the fourth quarter of 1999. Operating income declined 61 percent to $10.6 million from $27.0 million for the fourth quarter in 1999. Diluted earnings per common share decreased 56 percent to $0.34 from $0.78 in the prior year. In the fourth quarter, Minerals Technologies recorded special charges totaling ... 
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