|Minerals Technologies Inc. Signs Commercial Agreement with Major North American Papermaker to Deploy FulFill(TM) E-325 Technology|
Unique High-Filler Technology Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage
NEW YORK, February 4-Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a major North American paper company to provide Fulfill(TM) E-325, a new, high-filler technology, at a paper mill in the United States. This is the company's second commercial agreement with a North American papermaker.
Minerals Technologies now has 11 agreements with paper mills that have adopted the Fulfill(TM) E-325 technology that the company introduced in late 2010. These agreements confirm the commercial progress of the Fulfill(TM) brand, a portfolio of high-filler technologies that offers papermakers a variety of efficient, flexible solutions that decreases dependency on natural fiber and reduces costs. The Fulfill(TM) E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC usage without compromising product quality or performance.
"We are very pleased that this fine papermaker, which has chosen to remain unnamed for competitive reasons, has adopted our new FulFill(TM) technology at one of its major papermaking facilities," said Joseph C. Muscari, chairman and chief executive officer of Minerals Technologies. "The 11 commercial agreements we have with papermakers around the world reaffirms our commitment to advance our technology leadership throughout our global satellite network."
PCC is a specialty pigment for filling and coating high-quality paper. By substituting Minerals Technologies' PCC for more expensive wood fiber, customers are able to produce brighter, higher quality paper at lower cost. In 1986, Minerals Technologies originated the satellite concept for making and delivering PCC on-site at paper mills and the concept was a major factor in revolutionizing papermaking in North America. Today, the company has 57 satellite plants in operation or under construction around the world and continues to lead the industry with consistent quality and technical innovation.
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. The company recorded sales of $1.01 billion in 2012.
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/