March 9-Minerals Technologies Inc., MTX announced today that it
has signed a commercial agreement with a prestigious global paper producer to
provide Fulfill^® V-426, a new, high-filler technology, at the paper
company's mill in North America. The paper company wishes to remain unnamed
for competitive reasons.
Minerals Technologies now has 20 agreements with paper mills that have adopted
the Fulfill^® high filler technology portfolio that the company introduced in
late 2010. The agreement with this papermaker marks the company's seventh in
North America. It is also the company's first commercial success with FulFill
® V-426, utilizing Nalco FillerTEK® technology, as a result of the
distribution agreement announced in October 2011.
These agreements confirm the commercial progress of the Fulfill^® 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^® portfolio allows papermakers to increase loading
levels of precipitated calcium carbonate (PCC), which replaces higher cost
pulp, and increases PCC usage up to 30 percent and higher.
"We are delighted that this global papermaker is adopting the latest
technology that will allow them to produce quality paper at lower cost," said
D.J. Monagle, senior vice president & managing director, Paper PCC. "The
continued acceptance of the FulFill^® technology portfolio globally reaffirms
MTI's commitment to advance our technology leadership throughout our satellite
network around the world."
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.
New York-based 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. MTI serves the paper, foundry, steel, environmental,
energy, polymer and consumer products industries. The company reported sales
of $1.725 billion in 2014.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in