Specialty Minerals to Build Satellite PCC Plant in Bangladesh

A Specialty Minerals satellite plant is designed to produce PCC customized to meet host mill requirements with product quality and consistency.

Oct. 20, 2011 - Specialty Minerals Inc.has entered into an agreement with Bashundhara Paper Mills Limited to build and operate a satellite precipitated calcium carbonate (PCC) plant at Bashundhara's paper mill in Meghnaghat, Bangladesh.

PCC is a specialty pigment for filling and coating high-quality paper.

According to Specialty Minerals, the satellite PCC plant, which will produce about 30,000 metric tons of PCC a year and is expected to become operational in the first quarter of 2013, will be wholly owned and operated by Specialty Minerals Bangladesh Limited.

"We are very pleased to enter this agreement with Bashundhara Paper Mills Limited., and look forward to a long relationship with this papermaker. Minerals Technologies will help Bashundhara produce higher quality paper at a lower cost," said Joe Muscari, chairman and chief executive officer.

"This satellite, which will bring our total in Asia to 13, is another indication of the success of our strategy to grow aggressively in emerging regions," Muscari added.

Bashundhara Paper Mills Limited, the leading papermaker in Bangladesh, is part of the Bashundhara Group, which also has enterprises in real estate, cement, steel, bottling and distribution. In addition to its operation at Meghnaghat, Bashundhara also has paper mills in Anapura, Songargon, and Narayangonj, Bangladesh.

Specialty Minerals Inc. is a wholly owned subsidiary of Minerals Technologies Inc.

SOURCE: Minerals Technologies Inc.