2013-02-12 16:07:04 -
Third Commercial Agreement for the FulFill(TM) Technology in North America
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NEW YORK, February 12-Minerals Technologies Inc., (NYSE: MTX) announced today
that it has signed another commercial agreement with a North American paper
company to provide FulFill(TM) E-325 at a paper mill that produces coated
woodfree paper. This marks Minerals Technologies' third such agreement in North
America for the new, high-filler technology. The paper company wishes to remain
unnamed for competitive reasons.
The company now has 12 agreements with paper mills that have adopted the unique
FulFill (TM) E-325 technology introduced in late 2010, which provides
papermakers significant cost savings in reduced fiber consumption. The
FulFill(TM) brand allows papermakers to increase loading levels of precipitated
calcium carbonate (PCC), which replaces higher cost pulp, and increases PCC
usage.
"We are very pleased that this paper company has adopted our technology--the
first paper mill producing coated paper to do so," said Joseph C. Muscari,
chairman and chief executive officer of Minerals Technologies. "The adoption of
our FulFill(TM) technology continues to gain momentum, verifying the technology
and the revitalization of our new product pipeline and our commitment to advance
our technology leadership with papermakers around the globe. We now have
commercial agreements with papermakers in Asia, Europe, South Africa and North
America."
PCC is a specialty pigment for filling and coating high-quality paper. Coated
paper differs from uncoated paper used primarily in office copy machines. A
coated sheet is used in high quality publications like annual reports and
automobile advertising brochures. It has been coated by a compound like calcium
carbonate to impart certain qualities to the paper, including weight, surface
gloss, smoothness or reduced ink absorbency. 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.
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For further information about Minerals Technologies Inc. look on the internet at
www.mineralstech.com/
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Contact:
Rick B. Honey
(212) 878-1831
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Source: Minerals Technologies Inc via Thomson Reuters ONE
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