Minerals Technologies Signs Agreement with Phoenix Paper to Rebuild and Operate a 35,000 Ton Per Year Satellite PCC Plant in U.S.

(GLOBE NEWSWIRE)
Minerals Technologies Inc. announced today that it has signed an agreement with Phoenix Paper LLC to re-establish a 35,000 ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Wickliffe, Kentucky. This paper mill had been idled for the past five years and was recently purchased and restarted by Phoenix Paper, a subsidiary of Shanying International, a Chinese-based company focused on entering the North American paper market. MTI has been providing its PCC from nearby sources to the Wickliffe site since the facility restarted operations in November of 2019.

“We are very pleased to collaborate with Phoenix Paper to support production of higher value grades from their paper machine in Wickliffe, Kentucky, using our PCC technology,” said Douglas T. Dietrich, Chief Executive Officer. “We are excited to see the redeployment of our PCC assets in North America through this opportunity.”

D.J. Monagle III, Group President, Specialty Minerals and Refractories, commented further, “Phoenix Paper has shown itself to be an innovative and reputable paper company. We are excited to grow our relationship with them through this agreement and work closely with their production team in Kentucky. Our PCC will be used as a paper filler to lower costs and improve brightness, opacity, and bulk.”