Minerals Technologies signs commercial agreement with N. American paper company Minerals Technologies announced that it has signed another commercial agreement with a North American paper company to provide FulFill E-325 at a paper mill that produces woodfree paper. This marks Minerals Technologies' fifth such agreement in North America for the new, high-filler technology. The paper company wishes to remain unnamed for competitive reasons.
Minerals Technologies sees Acquired Businesses Q2 synergies $16M Sees Acquired Businesses Q3 synergies $17M. The company said it expects continued progress in the integration. IT also expects continued progress with PCC satellite construction in China in Q2 and expects strong performance in Performance Minerals for Q2. Expects Construction Technologies to move into a seasonally high period for Q2, but expects continued weakness in the on-shore markets for Energy Services in Q2. The company cites challenges in the market due to low oil prices and decline in utilization in steel industry. Comments taken from slides for Q1 earnings conference call.