Minerals Technologies Inc - Company Profile
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Business Description
Minerals Technologies Inc (MTI) is a resource and technology based company. It develops, produces, and markets specialty mineral, mineral-based and synthetic mineral products and associated systems and services. The company operates through three reportable business segments, Specialty Minerals, Refractories and Performance Materials. In FY2022, the company’s capital expenditure stood at US$82.3 million, which was equivalent to 3.9% of its revenue and declined 2.3% YoY. The company had over 120 subsidiaries at the end of FY2022. It has operations in approximately 30 countries.
R&D Overview
The company’s R&D efforts focus on the development of technologically advanced new products. Under its Performance Materials segment, the company develops custom blended compounds, formulations and technology, which include the development of ADDITROL, ORGANOCLAY, RESISTEX and CONTINUUM. Under Specialty Minerals, the company focuses on the development of satellite PCC plant concept, PCC crystal morphologies for paper filling and coating. In the Refractories segment, the company developed FASTFIRE and OPTIFORM shotcrete refractory products and LACAM, a laser-based refractory measurement system. The company has R&D facilities in the US, China, England, Germany, Ireland, Japan and Turkey. As of December 2022, it spent US$20.4 million on R&D, which as a percentage of revenue, stood at 0.96%. The company had 328 patents and approximately 1,881 trademarks.
Business Segments
Overview
Supplies bentonite and bentonite-related products, chromite and leonardite. Provides products for non-residential construction, environmental and infrastructure projects, serving customers operating in construction projects. In FY2022, the segment’s capital expenditure stood at US$30.8 million, which increased 40% YoY.
Performance
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Overview
Produces monolithic and shaped refractory materials and specialty products. Also provides services and sells application and measurement equipment, calcium metal and metallurgical wire products. The products are used in high-temperature applications in the steel, non-ferrous metal and glass industries. In FY2022, the segment’s capital expenditure stood at US$10.4 million, which increased 7.2% YoY.
Performance
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Overview
Produces and markets synthetic mineral product, precipitated calcium carbonate (PCC) and processed mineral product, quicklime (lime), and mines mineral ores. The products find application in the paper, building materials, paints and coatings, glass, ceramic, polymer, food, automotive and pharmaceutical industries. In FY2022, the segment’s capital expenditure stood at US$39.8 million, which declined 23% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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