Specialty Minerals to Build Satellite PCC Plant in Punjab, India
August 1, 2011 - Minerals Technologies announced that its wholly owned subsidiary, Specialty Minerals Inc., has entered into an agreement with ABC Paper Limited to build and operate a satellite precipitated calcium carbonate (PCC) plant at ABC Paper's integrated pulp and paper mill at Saila Khurd located in the northern India state of Punjab.
PCC is a specialty pigment for filling and coating high-quality paper.
The satellite PCC plant, which will produce about 25,000 metric tons of PCC a year and is expected to become operational in the third quarter of 2012, will be wholly owned and operated by Specialty Minerals' Indian subsidiary, Minerals Technologies India Private Ltd.
"We are very pleased to enter this partnership with ABC Paper Ltd., which is recognized for its leadership in producing environmentally friendly printing and writing papers," said Joe Muscari, chairman and chief executive officer. "Minerals Technologies has seen its growth in India accelerate as consolidation and expansion takes place and the valuations of Indian paper producers have increased. This agreement marks our fifth satellite PCC plant in India, making us the PCC leader in that country, and we believe that our new PCC-enabling technologies like our Fulfill(TM) products will help create more value for our new customers there."
ABC Paper is a leading producer of agro fiber-based printing and writing papers. The company's pulp and paper mill began operations in 1980 after developing its mill complex in a rural agricultural area. ABC paper's ongoing use of waste agricultural grasses as the primary fiber source for its high-quality papers, and production of a biopolymer lignin base from another onsite satellite venture, places it in near the top of a category of environmentally conscious paper producers.
Minerals Technologies Inc. is a global 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.
SOURCE: Minerals Technologies Inc.