History
1992
Minerals Technologies Inc. (MTI) has a history dating back to 1992, when the company became a publicly traded company, through an initial public offering from Pfizer.
1998
The company purchased a subsidiary from Rhodia
in the UK, in 1998.
2000
In 2000, MTI acquired Ferrotron Elektronik in Germany, a refractories business.
2001
In 2001, MINTEQ, a subsidiary of the company, purchased all of the outstanding
shares of
2002
The company purchased a merchant precipitated calcium carbonate facility in Belgium from J
M Huber, in 2002. In the same year, MTI acquired the business and assets of Polar Minerals, a privately owned producer of industrial minerals.
2003
In 2003, MTI entered into a
2004
Specialty Minerals, a subsidiary of the company, expanded a joint venture agreement with Asia Pulp & Paper, part of
2005
In 2005, MTI reached a settlement with Omya of pending commercial
and patent litigation involving the two companies.
2006
Minteq International, a subsidiary of MTI completed the acquisition of ASMAS, an Istanbul based Turkish producer of refractories, in 2006.
2007
In 2007, MTI's wholly-owned subsidiary Specialty Minerals (Thailand) signed an agreement with Phoenix Pulp & Paper Public to construct a precipitated calcium carbonate (PCC) satellite plant at Nam Phong, Thailand.
2009
The company through its wholly-owned subsidiary, Specialty Minerals entered into an agreement with Ballarpur Industries Limited (BILT) to construct a satellite precipitated calcium carbonate (PCC) facility at BILT's Ballarshah Unit in Maharashtra,
India, in 2009.
In the same year, MTI expanded its satellite PCC plant at a paper mill owned by Suzano Papel e Celulose, SA in
2010
In 2010, Specialty Minerals, a wholly-owned subsidiary of MTI, agreed
to construct another satellite precipitated calcium carbonate (PCC) facility to supply Ballarpur Industries Limited's (BILT) Sewa Unit at Gaganapur in the state of Orissa, India. The facility will initially produce 15,000 metric tons of PCC per year
and supply the paper-filling needs of the Sewa paper mill.
2011
The company's Ferrotron Division of subsidiary Minteq International released the LaCam Torpedo measuring system, a way to measure refractory lining thickness
in hot torpedo ladles, in 2011.
In the same year, the MTI's wholly-owned subsidiary, Specialty Minerals, entered into an agreement with ABC Paper, to build and operate a satellite PCC plant at ABC Paper's integrated pulp and paper mill
at Saila Khurd located in the northern Indian state of Punjab.
Also, in 2011, MTI divested a 50% interest in its Refractories joint venture in Korea for $1.5 million.
In the same year, the company signed a commercial agreement
with Phoenix Pulp & Paper Public, to provide Fulfill E-325, a new, high-filler product under the Fulfill technology platform at a paper mill in Nam Phong, Thailand.
Later in the same year, MTI announced a new product line of engineered
mineral additives for reinforcement in
The company launched a new product line of low oil-absorption (LOA) talc products for paints and coatings, in 2011.
In the same year, MTI entered into an agreement with Bashundhara Paper Mills, to
build and operate a satellite PCC plant at Bashundhara's paper mill in Meghnaghat, Bangladesh.
In 2011, MTI announced an agreement with Nalco
of Naperville, Illinois, under which Specialty Minerals, a wholly-owned subsidiary of MTI, will distribute Nalco FillerTEK technology for paper mills using PCC as filler in the papermaking process.
In the same year, the company entered
into a joint venture agreement with Double A (1991) Public Company, to build a second satellite precipitated calcium carbonate (PCC) plant at a paper mill owned by Double A in Tha Toom, Thailand.
2012
The company
launched two new
Later in the same year, the company engineered and installed its first Scantrol laser refractory measuring system for basic oxygen steel-making furnaces (BOFs) at the
Nizhniy Tagil Metallurgical Plant (NTMK) in the Sverdlovsk region of Russia.
In 2012, MTI launched three new PCC products for extension of titanium dioxide (TiO2) in paints and coatings applications.
In the same year, the company
signed a commercial agreement with Flambeau River Papers, to provide Fulfill E-325, a new, high-filler technology, at the paper company's mill in Park Falls, Wisconsin.
Later in the same year, ASMAS, a wholly-owned subsidiary of MTI, signed
an agreement with United Steel Company B.S.C. (SULB), to perform all refractory maintenance at a greenfield steel mill in the Al-Hidd industrial area in Bahrain.
Also, in 2012, the company signed a commercial agreement with Mondi SCP, a
subsidiary of the Mondi Group, to provide Fulfill E-325, a new, high-filler technology, at the paper company's paper mill in Ruomberok, Slovakia.
In the same year, MTI signed a commercial agreement with a papermaker to provide Fulfill E-325
High Filler Technology, a process-enhancing solution that is part of the Fulfill technology platform, at a paper mill in Europe.
Later in the same year, MTI entered into a commercial agreement with an Asian papermaker to provide FulFill
E-325 higher filler technology.
MTI introduced a new,
In the same year, the company signed a commercial agreement with Mondi, a division of the Mondi Group, to provide Fulfill E-325, a new, high-
Later in the same year, MTI signed an agreement with Shandong Sun Paper Industry Joint Stock for the construction of a 100,000-metric ton satellite
PCC plant at Sun Paper's paper mill in Yanzhou City, Shandong Province, China.
In 2012, the company signed an agreement with Henan Jianghe Paper for the construction of a 22,000-metric ton satellite precipitated calcium carbonate (PCC)
plant at Jianghe Paper's papermaking facility in Jiaozuo City, Henan Province, China.
2013
MTI started the operation of second satellite PCC facility at a paper mill in Thailand owned by Double A (1991) Public Company,
in January 2013.
In February 2013, the company signed a commercial agreement with a North American paper company to provide Fulfill E-325, a new, high-filler technology, at a paper mill in the US.
In the same month, MTI signed
a commercial agreement with a North American paper company to provide FulFill E-325 at a paper mill that produces coated
The company signed a commercial agreement with CMPC Celulose Riograndense, to provide Fulfill E-325 at a paper mill in Guaiba, Brazil in March 2013.
The company launched a new calcium carbonate product for
reinforcement of plastic, called VICRON FRP, used in applications as sheet molding compound (SMC), bulk molding compound (BMC) and thermoset polyesters in May 2013.
In August 2013, MTI signed an agreement for a 14,000-metric ton satellite
precipitated calcium carbonate (PCC) plant at a paper mill in Europe.
In the same month, the company entered into a joint venture agreement with Nanning Jindaxing Paper Industry Co. Ltd. for the construction of a 45,000-metric ton satellite
precipitated calcium carbonate (PCC) plant at Jindaxing Paper's papermaking facility in Guangxi Province, China.
2014
The company entered into an agreement with UPM-Kymmene Corporation (UPM) to build a satellite PCC
plant on site at UPM's paper mill in Changshu, China, located in Jiangsu province in January 2014.
The company introduced a new line of talc products for the polyolefin markets, under the
On May 9, 2014, Minerals Technologies acquired AMCOL International Corporation, doubling the company’s size to more than $2 billion in revenue to establish a stronger foundation for future
growth.
The company entered into an agreement to build a Satellite PCC Plant for Coated Packaging Paper in China with Zhejiang Zhengda Paper Group Co. Ltd in June 2014.
The company announced August 2014 that it has signed another commercial
agreement with a North American paper company to provide FulFill® E-325 at a paper mill that produces woodfree paper.
2015
Minerals Technologies Enters into Agreement with Glencore in South Africa, January 2015.
Minerals Technologies Signs Commercial Agreement to Deploy FulFill® E-325 Technology for High Filler Loading at a Paper Mill in Europe, February 2015.
Minerals Technologies Signs Commercial Agreement to Deploy FulFill® E-325
Technology for High Filler Loading at a Paper Mill in Europe, February 2015.
Minerals Technologies Signs Commercial Agreement with Global Paper Company to Deploy FulFill® V-426 Technology for High Filler Loading at a North American
Operation, March 2015.
Minerals Technologies Announces an Agreement with Sun Paper Group to Construct a 100,000 Metric Ton Satellite PCC Plant in China, April 2015.
2016
Douglas T. Dietrich was elected Chief Executive Officer.
MTI was selected for one of six EcoPartnerships announced during the eighth annual U.S.-China Strategic and Economic Dialogue.
The Company reported
its seventh consecutive year of record earnings, with earnings per share of $4.47.
2017
Signed agreement with Asia Pulp & Paper for new 125,000-ton satellite PCC plant and 40,000-ton expansion in Indonesia.
Signed agreement with PT Pindo Deli Pulp and Paper Mills, part of the Asia Pulp & Paper Group, to construct an 80,000- ton satellite PCC plant in Indonesia.
The Company reported its eighth consecutive year of record earnings,
with earnings per share of $4.59.
2018
Minerals Technologies acquired Sivomatic, a leading supplier of premium pet litter products in Europe.
Signed agreement with Shouguang Meilun to construct a new 150,000-ton satellite PCC plant in China.
2019
Signed agreement with Century Pulp & Paper to install and operate a 45,000-ton satellite PCC plant in India.
2020
Minerals Technologies Reports First Quarter 2020 Earnings of $1.12 Per Share, or $1.13 Per Share, Excluding Special Items
2021
Minerals Technologies Signs Agreement with Baiyun Paper to Construct a 50,000 Metric Ton Per Year Satellite PCC Plant in China