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MTI records double-digit growth in 2017 on strong refractories markets

By Davide Ghilotti
Published: Tuesday, 06 February 2018

The US company scored increased turnover on supportive end markets, including refractories and metallurgy, offsetting poor conditions in the paper market in North America.

US refractories producer Minerals Technologies Inc. (MTI) posted double-digit net income growth in 2017, following a positive final quarter and buoyant end markets, such as refractories.

Global net sales rose 2% to $1.676 billion, while consolidated net income attributable to the company grew 45% to $199 million.

"As we...

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