SAN FRANCISCO, Feb. 3, 2020 (Fastmarkets RISI) -The transcript of Minerals Technologies’ fourth quarter 2019 financial results conference call on Jan. 31, 2020, with CEO Doug Dietrich, is now available at Seeking Alpha.
EXCERPT:Our strategy is to expand our PCC volume globally through each of these initiatives and we made considerable progress in 2019. One 125,000 ton satellite in Indonesia came online in the first quarter and helped drive paper PCC sales growth of 7% in Asia.
We also secured the permits for our next satellite in China, which will be our largest PCC plant globally when fully operational. And in India, where our volumes were up 10% in 2019, we signed two new satellite contracts and started the construction on another expansion.
On the technology front, we deployed a new variation of FulFill called FulFill Plus which is the most cost effective technology to increase filler levels in paper. We also expanded our applications into the packaging market with a contract in Europe as well as through the deployment of ENVIROFIL, a technology which addresses the sustainability challenge of paper recycling. Last we introduced several new specialty PCC products to the market and supported that demand through capacity expansions.
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