Minerals Technologies Announces Price Increase for Specialty Minerals Products in U.S.
Minerals Technologies Inc. has announced a price increase on its mineral product portfolio, effective January 1, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Minerals Technologies Inc. has announced a price increase on its mineral product portfolio, effective January 1, 2021. The increases, ranging from 3 to 10%, will vary based on individual customer contracts. This adjustment aims to offset rising operational costs and facilitate continued investments in mining and technology. Specific products include ground calcium carbonate, precipitated calcium carbonate, quicklime, and talc, with price hikes varying by product type.
Positive
- Price increases of 3-10% will help offset rising costs.
- Continued investments in mining and processing operations.
- Commitment to providing world-class products.
Negative
- None.
Details
News Market Reaction – MTX
The recorded move for MTX in the trading session of this news was -1.95%.
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NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Specialty Minerals Inc. (SMI), a subsidiary of Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”), has communicated to customers that it has increased prices across its mineral product portfolio, effective January 1, 2021. Price increases range from 3 to
All ground calcium carbonate (GCC) products from Adams, MA and Lucerne Valley, CA, and all ground dolomitic limestone products from Canaan, CT will increase by 3
All precipitated calcium carbonate (PCC) products from Adams, MA will increase by
Quicklime produced at Adams, MA will increase by
Talc products produced at Barretts, MT and Bay City, TX will increase by 5
We remain committed to supplying our customers with world-class products at best-in-class value and service.
About Minerals Technologies Inc.
New York-based Minerals Technologies (MTI) is a global resource- and technology-based company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The Company reported sales of
| Investor Contact: Erik Aldag, (212) 878-1831 |
| Media Contact: Michael Landau, (212) 878-1840 |
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