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

• Autores: Davide Ghilotti
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 600, 2018 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
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• Resumen

  • The US company reported an increased turnover and strong mineral sales, which led to a 45% profit increase last year.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. Basic minerals sales increased 20%, driven primarily by higher sales of bulk chromite and drilling products, and building materials sales increased 6%.In specialty minerals, total sales dropped 1% to $584.8 million, mainly due to lower PCC turnover on the back of a segment decline in North America, which offset growth in Asia and Europe.