Minerals business, Asia activity boost MTI's Q3 revenues
Published: Monday, 06 November 2017
Strong chromite sales boosted the performance of MTI's minerals segment due to good conditions in its industrial and construction end-markets although its talc sales fell. The company will open a new precipitated calcium carbonate plant in Indonesia while it continues to focus on growing its business in Asia.
Minerals Technologies Inc (MTI) attributed higher revenues
for the third quarter of this year to growing business activity
in Asia and strong minerals trading.
Global sales rose 6% year on year in the third quarter to
$424 million while net income attributable to MTI remained flat
at $41 million, the...