Minerals Technologies Inc., incorporated on February 19, 1968, is a resource- and technology-based company that develops, produces, and markets a range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services around the world. The Company operates through five segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.
Specialty Minerals Segment
The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime), and mines mineral ores then processes and sells natural mineral products, primarily limestone and talc. The Specialty Minerals segment's products are used principally in the paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive and pharmaceutical industries.
The Company's PCC product line is primarily sold to the printing and writing papers segment of the paper industry. The Company also produces PCC for sale to companies in the polymer, food and pharmaceutical industries. In the paper industry, the Company's PCC is used as a filler in the production of coated and uncoated wood-free printing and writing papers, such as office papers; as a filler in the production of coated and uncoated groundwood (wood-containing) paper, such as magazine and catalog papers, and as a coating pigment for both wood-free and groundwood papers. The Company develops technologies, such as acid-tolerant (AT) PCC, which allows PCC to be introduced to the wood-containing segment of the printing and writing paper market; OPACARB PCC, which is a family of products for paper coating; FulFill family of products, which is a system of high-filler technologies that offers papermakers various solutions, and New Yield, which is a technology that converts a paper and pulp mill waste stream into a functional pigment for filling paper. The Company also sells a range of PCC products to paper manufacturers from production sites not associated with paper mills. These merchant facilities are located at Adams, Massachusetts and Lifford, United Kingdom.
The Company also produces and sells a range of dry PCC products on a merchant basis for non-paper applications. The Company sells surface-treated and untreated grades of PCC to the polymer industry for use in automotive and construction applications, and to the adhesives and printing inks industries. The Company's PCC is also used by the food and pharmaceutical industries as a source of calcium in tablets and food applications, as a buffering agent in tablets, and as a mild abrasive in toothpaste. The Company produces PCC for specialty applications from production sites at Adams, Massachusetts and Lifford, England. The Company mines and processes natural mineral products, primarily limestone and talc. The Company also manufactures lime, a limestone-based product. The Company mines and processes ground calcium carbonate (GCC) products at its reserves in the eastern and western parts of the United States. GCC is used and sold in the construction, automotive and consumer markets. Lime produced at the Company's Adams, Massachusetts, and Lifford, United Kingdom, facilities is used primarily as a raw material for the manufacture of PCC at these sites and is sold commercially to various chemical and other industries. The Company mines, beneficiates and processes talc at its Barretts site, located near Dillon, Montana. Talc is sold worldwide in ground form for ceramic applications and in North America for paint and coatings and polymer applications.
Refractories Segment
The Refractories segment produces and markets monolithic and shaped refractory materials and specialty products, services and application and measurement equipment, and calcium metal and metallurgical wire products. The Refractories segment's products are primarily used in high-temperature applications in the steel, non-ferrous metal and glass industries. Its products include HOTCRETE, FASTFIRE, OPTIFORM, ENDURATEQ, DECTEQ, LACAM Torpedo and LACAM. The Company's application system, such as its MINSCAN, allow for remote-controlled application of the Company's refractory products in steel-making furnaces, as well as in steel ladles. The Company sells gunnable monolithic refractory products and application systems to users of basic oxygen furnaces and electric arc furnaces for application on furnace walls to prolong the life of furnace linings. It sells monolithic refractory materials and pre-cast refractory shapes for iron and steel ladles, vacuum degassers, continuous casting tundishes, blast furnaces and reheating furnaces. The Company offers a line of materials to be used in casting refractory applications. This line consists of gunnable materials, refractory shapes and permanent linings.
The Company sells refractory shapes and linings to non-steel refractories consuming industries, including glass, cement, aluminum and petrochemicals, power generation and other non-steel industries. The Company also produces a specialized line of carbon composites and pyrolitic graphite primarily sold under the PYROID trademark, primarily to the aerospace and electronics industries.
The Company also produces various products for the steel industry, including calcium metal, metallurgical wire products and a range of metal treatment specialty products. It manufactures calcium metal at its Canaan, Connecticut, facility and purchases calcium in international markets. Calcium metal is used in the manufacture of the Company's PFERROCAL calcium wire, and is also sold for use in the manufacture of batteries and magnets. The Company also manufactures cored wires at its Canaan, Connecticut and Hengelo, the Netherlands, manufacturing sites. The Company sells metallurgical wire products and associated wire-injection equipment for use in the production of steel.
Performance Materials Segment
The Performance Materials segment is a supplier of bentonite and bentonite-related products. It also supplies chromite and leonardite. As of December 31, 2016, the Performance Materials segment operated over 25 mining or production facilities around the world. The Performance Materials segment has three product lines: metalcasting; household, personal care and specialty products, and basic minerals and other products. The metalcasting product line produces custom-blended mineral and non-mineral products for casting auto parts, farm and construction equipment, oil and gas production equipment, power generation turbine castings and rail car components. In the ferrous casting market, the Company specializes in blending bentonite of various grades by themselves or with mineral binders containing sodium bentonite, calcium bentonite, seacoal and other ingredients.
In the steel alloy casting market, the Company sells chromite products. The household, personal care and specialty products contain pet litter, fabric care, health and beauty, and agricultural specialty products. Its pet litter products include sodium bentonite-based scoopable (clumping) cat litters sold to grocery and drug stores, mass merchandisers, wholesale clubs and pet specialty stores throughout North America, Europe and Asia. The Company supplies fabric care products and additives consisting of agglomerated bentonite and other mineral additives. It manufactures personal care products consisting of polymer delivery systems and bentonite ingredients for sale to manufacturers of skin care products. Its specialty materials products contain bentonite and leonardite-based solutions for consumer and industrial applications. Its Basic minerals and other products line contains sales of bentonite, chromite and leonardite to a range of end markets and industrial application, including drilling fluid additives, ferro alloys and other industrial.
Construction Technologies Segment
The Construction Technologies segment provides products for non-residential construction, environmental and infrastructure projects around the world. It serves customers engaged in a range of construction projects, including site remediation, concrete waterproofing for underground structures, liquid containment on projects ranging from landfills to flood control, and drilling applications, including foundation, slurry wall, tunneling, water well and horizontal drilling. The Construction Technologies segment operates through two product lines: environmental products, and building materials and other products.
The Environmental Product line includes bentonite and polymer lining technologies, as well as, other environmental remediation applications. The Company sells lining and other products for a range of applications, which are directed to preserving or remediating environmental issues. These lining and other products are marketed under the RESISTEX and BENTOMAT trade names principally for lining and capping landfills, mine waste disposal sites and industrial waste storage sites, such as bauxite residue and coal ash waste. The Company provides associated geosynthetic materials for these applications, including geotextiles and drainage geocomposites. It also provides reactive capping technologies and solutions to contain residual contamination. The environmental products offered include Liquid Boot, which is a liquid applied vapor barrier system; REACTIVE CORE-MAT, which is an in-situ sediment capping material; ORGANOCLAY, which absorbs organic containments, and QUIK-SOLID, which is an absorbent media.
The Company's building materials offer a range of active and passive waterproofing and greenroof technologies for use in protecting the building envelope of non-residential construction, including buildings, subways, and parkway systems. Building material products include VOLTEX, which is a waterproofing composite consisted of two polypropylene geotextiles filled with sodium bentonite; ULTRASEAL, which is an advanced membrane using an active polymer core, and COREFLEX, which is featuring heat-welded seams for protection of critical infrastructure. In addition to these membrane materials, it also provides roofing products and a range of sealants and other accessories required to create a functional waterproofing system.
The drilling products are used in environmental and geotechnical drilling applications, horizontal directional drilling, mineral exploration and foundation construction. The drilling products are used to install monitoring wells, facilitate horizontal and water well drilling, and seal abandoned exploration drill holes. VOLCLAY GROUT, HYDRAUL-EZ, BENTOGROUT and VOLCLAY TABLETS are among the trade names for products used in these applications. The Company also offers a range of drilling products used in the excavation of foundations for buildings, bridges and dams. These products include SHORE PAC and PREMIUM GEL.
Energy Services Segment
The Energy Services segment provides services to manage the production, costs, compliance, and environmental impact of activities performed in oil and gas industry. It offers a range of services for off-shore filtration and well testing to the oil and gas industry around the world. These services are provided through subsidiaries located in Australia, Brazil, Malaysia, Nigeria, Mexico, Indonesia, the United Kingdom, and the United States, in the Gulf of Mexico. Its principal services include water treatment/filtration and well testing. The Company enables customers comply with regulatory requirements by providing equipment, technologies, personnel and filtration media to treat waste water generated during oil production. The Company specializes in water treatment processes and technologies to remove oil, hydrocarbons, heavy metals, solids, toxic materials and other contaminants from customers' operation wastewater stream. The Company provides equipment and personnel to enable customers control well production, as well as to clean up, unload, separate, measure component flow, and capture fluids from oil and gas wells.
622 3rd Ave
The company trades on NYSE exchange. The company headquarter is located in New York, NY. The company was established in the 1968.| Ticker | MTX |
| Long Name | Minerals Technologies Inc. |
| Short Name | Minerals |