ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jan 06, 2016 21:30 JST
Source:
Minerals Technologies Inc.
Minerals Technologies Inc. Signs Commercial Agreement with European Paper Company to Deploy FulFill(R) Technology for High-Filler Loading
Signing Marks the Company's 24th Agreement for FulFill(R) Technology that Provides Significant Cost Savings in Reduced Fiber Consumption by Increasing PCC Filler Usage
NEW YORK, Jan 06, 2016 - (ACN Newswire) - Minerals Technologies Inc., (NYSE: MTX) announced today that it has signed a commercial agreement with a prestigious European papermaker to provide Fulfill(R) E-325 high-filler technology at the paper company's mill in Europe. This is the second agreement for the deployment of the FulFill(R) technology at this paper mill.
Minerals Technologies now has 24 agreements with paper mills that have adopted the Fulfill(R) technology that the company introduced in late 2010. The company has nine agreements with paper companies in Asia; eight in North America; six in Europe; and one in South America.
"We are delighted that this highly respected European papermaker has signed a second agreement to use our technology, which will allow them to produce high quality paper at lower cost," said Joseph C. Muscari, chairman and chief executive officer.
These agreements confirm the commercial progress of the Fulfill(R) 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(R) E-325 series allows papermakers to increase loading levels of precipitated calcium carbonate (PCC) by three to five points, which replaces higher cost pulp, and increases PCC usage between 20 to 30 percent.
"We are engaged with approximately 20 other paper mills to introduce our FulFill(R) technology, as well as our breakthrough NewYield(TM) Integrated Process Technology that converts a papermaking waste stream into a useable filler," said Rand Mendez, senior vice president & managing director, Paper PCC. "Through continued innovation, MTI is advancing our leadership in technology that can reduce costs and improve quality for the worldwide paper industry."
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 60 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 $1.725 billion in 2014.
For further information about Minerals Technologies Inc. look on the internet at
http://www.mineralstech.com/
Contact:
Rick B. Honey
+1-212-878-1831
###
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Minerals Technologies Inc via Globenewswire
Source: Minerals Technologies Inc.
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
More Latest Release >>
Related Release
Minerals Technologies Inc. Declares Quarterly Dividend
May 12 2016 07:30 JST
Minerals Technologies Reports First Quarter Earnings of $1.02 per Share, Excluding Special Items
May 06 2016 08:30 JST
Advisory: Minerals Technologies Inc. First Quarter 2016 Conference Call
April 20 2016 06:10 JST
Minerals Technologies Enters Into Agreement With Big River Steel LLC to Supply Metallurgical Wire
March 24 2016 08:00 JST
Minerals Technologies Reports Fourth Quarter Earnings per Share of $1.00, Excluding Special Items
February 05 2016 09:00 JST
Advisory: Minerals Technologies Inc. Fourth Quarter 2015 Conference Call
January 22 2016 07:00 JST
Minerals Technologies Inc. Declares Quarterly Dividend
January 21 2016 06:00 JST
Minerals Technologies Names Brett Argirakis to Head Refractories Business Segment
January 12 2016 09:30 JST
Minerals Technologies Inc. Declares Quarterly Dividend
November 12 2015 08:15 JST
Minerals Technologies Reports Third Quarter Earnings per Share of $1.06, Excluding Special Items
October 23 2015 07:00 JST
More Press release >>