MINERALS TECHNOLOGIES TO INVEST $18 MILLION TO EXPAND ADAMS, MASSACHUSETTS, FACILITY.NEW YORK--(BUSINESS WIRE)--Jan. 11, 1995--Specialty Minerals Inc. (SMI), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Minerals Technologies Inc., (NYSE NYSE See: New York Stock Exchange : MTX MTX abbr. methotrexate methotrexate (amethopterin, MTX) Warning - Hazardous drug! Maxtrex (UK), Metoject (UK) Pharmacologic class: ) announced today that it will invest $18 million to expand its Adams, Massachusetts, facility. The company will increase production capacity for precipitated calcium carbonate (PCC PCC prothrombin complex concentrate. ) used in the plastics, sealants and food industries. "The expansion, which is to be complete by the third quarter of this year, is necessary to meet rising customer demand for our Ultrafine(TM), Super-pflex(R) and U.S. Pharmacopeia pharmacopeia /phar·ma·co·pe·ia/ (-ko-pe´ah) an authoritative treatise on drugs and their preparations. See also USP. pharmacopei´al United States Pharmacopeia see under U. grades of PCC," said Jean-Paul Valles, Chairman and Chief Executive Officer of Minerals Technologies Inc. "We will add production capacity for the carbonation, drying, coating and packaging of these products." The expansion will allow Specialty Minerals to produce PCC products of varying crystal shape and size. These PCC products are used as functional fillers, calcium sources and neutralizing agents. As a functional filler, PCC adds impact strength to vinyl siding and windows and polyvinyl chloride (PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. ) pipe. PCC is also used in automotive and construction sealants to control sag. PCC products meeting the U.S. Pharmacopeia and Food Chemical Codex are used widely in antacids Antacids Definition Antacids are medicines that neutralize stomach acid. Purpose Antacids are used to relieve acid indigestion, upset stomach, sour stomach, and heartburn. , in calcium supplements, multi-vitamins and minerals and for calcium fortification of cereals, baked goods, beverages and other foods. SMI's PCC is also used in paper, coatings, inks, cosmetics and personal care products, rubber, lubricating greases and in the manufacture of chemicals and pharmaceuticals. Specialty Minerals Inc. completed an $8 million expansion at the Adams plant in late 1994. That expansion was for the manufacture of PCC used in paper coating. The $18 million expansion will be the largest ever undertaken at the Adams facility. In addition to the merchant plant at Adams, SMI owns and operates 36 PCC satellite plants located at major paper mills throughout North America and Europe. The PCC used in paper filling and coating applications accounts for most of the PCC produced by SMI. Minerals Technologies Inc. is a resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based and synthetic minerals products for the paper, steel, polymer and other manufacturing industries on a worldwide basis. CONTACT: Rick Honey 212/878-1831 |
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