Minerals Technologies Inc. ("MTI") has signed an agreement with Zhumadianshi Baiyun Paper Co., LTD ("Baiyun Paper") to build a 50,000 metric ton per year satellite precipitated calcium carbonate ("PCC") plant at its paper mill in Suiping County, Zhumadian City, China. The facility will be wholly owned by MTI. The new facility is scheduled to begin operations in the first half of 2022.

"We are very pleased that Baiyun Paper has selected Minerals Technologies as its partner to deploy our PCC technology at their paper mill in Zhumadian," said Douglas T. Dietrich, Chairman and Chief Executive Officer. "This will be our tenth satellite in China, one of the fastest growing regions for our PCC technology, and continues our geographic growth in Asia."

PCC is a specialty pigment for filling and coating high-quality paper.

Minerals Technologies Inc. is a global resource- and technology-based company that develops, produces and markets a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services.