Minerals Technologies invests in Turkish plant for oil purification growth

NEW YORK - Minerals Technologies Inc. (NYSE:MTX), a specialty minerals producer with a market capitalization of $1.9 billion, announced Monday an investment in its Uşak City, Turkey facility to expand production capacity for its Rafinol product line serving the natural oil purification market. According to InvestingPro analysis, the company is currently trading below its Fair Value, suggesting potential upside opportunity.

The investment aims to support growing demand in the $1.1 billion global natural oil purification market, particularly in the renewable fuels segment, which represents 12% of the market and is experiencing the fastest growth rate, according to the company. With annual revenues of $2.06 billion and a strong financial health rating from InvestingPro, MTX appears well-positioned to capitalize on this market opportunity.

"This investment supports the strong, ongoing demand we see in the global natural oil purification market," said D.J. Monagle III, Group President of MTI’s Consumer & Specialties segment.

The Rafinol product line includes adsorbents used for purifying biodiesel, renewable diesel, and sustainable aviation fuel, as well as bleaching earths for clarifying consumer oils and fats.

Douglas T. Dietrich, MTI’s Chairman and CEO, stated that the investment aligns with the company’s strategy to expand into "higher-growth, consumer-oriented markets that are aligned with macro trends."

The company cited regulatory changes in the United States and Europe requiring increased use of renewable fuels as a key driver for market growth.

Minerals Technologies, which reported global sales of $2.1 billion in 2024, develops and produces specialty minerals and mineral-based products across consumer and industrial markets worldwide with operations in 34 countries.

This information is based on a company press release statement.

In other recent news, Minerals Technologies Inc. announced a 9% increase in its regular quarterly dividend, raising it to $0.12 per share. This dividend will be payable on December 4, 2025, to shareholders recorded by October 30, 2025. This marks the third consecutive year that the company has increased its dividend, indicating a consistent approach to capital distribution. Additionally, Minerals Technologies reported robust financial results for the second quarter of 2025. The company achieved a revenue of $529 million, reflecting an 8% increase from the previous quarter. Earnings per share also saw a significant rise, reaching $1.55, which is a 36% increase from the prior quarter. These developments highlight the company’s ongoing financial growth and commitment to returning value to shareholders.

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