Minerals Technologies Inc. Corp. (NYSE: ACO) Nanocor Subsidiary Partners With Clariant on Masterbatch Production
ARLINGTON HEIGHTS, Ill., Nov. 15 /PRNewswire/ -- Nanocor, Inc., a wholly owned subsidiary of Minerals Technologies Inc. Corp. (NYSE: ACO), has named Clariant Masterbatches an approved supplier of Nanomer(R) masterbatches for use in making nanocomposite plastics. Clariant, the world's largest supplier of color and additive masterbatches, will supply the masterbatches under its own brand names, as well as provide them to Nanocor for joint development projects with select customers.
"Clariant Masterbatches and Nanocor have been cooperating over the past year to bring these user-friendly products to market," said Nanocor President Peter Maul. "Clariant's decision to partner with us greatly expands application possibilities for this unique technology. Clariant's formulation expertise and global network of facilities will no doubt further accelerate market penetration for our products. We are delighted to have Clariant Masterbatches as an integral part of our team."
Steve Snow, Clariant Masterbatches vice president added, "Nanotechnology could bring another industrial revolution to the world of material science, much like biotechnology or genetechnology has already done. This sophisticated technology involves adding specially treated nano-scale clay particles to a variety of plastics. It has the potential to dramatically improve polymer performances including heat resistance, barrier properties, strength, stiffness or dimensional stability, as well as flame retardancy. Our work with Nanocor has already resulted in numerous product and process innovations surrounding this emerging technology."
Plastic nanocomposites are used in packaging, automotive and industrial products. Nanocomposites can be made from a variety of plastic materials. Clariant's masterbatches will focus initially on polyolefin plastics, where usage is projected to expand rapidly in the immediate future.
Nanomer(R) is a registered trademark of Nanocor, Inc.
Nanocor's parent company, Minerals Technologies Inc. Corp., produces and markets specialty mineral products used for industrial, environmental and consumer-related applications. The company operates in three industry segments, minerals, environmental and transportation. MTI's common stock is traded on the New York Stock Exchange under the symbol "ACO."
The company's web site is http://www.mineralstech.com