AMCOL International Corporation Awarded Major Lining Supply Contract
November 06 2013 - 10:00AM
Marketwired
AMCOL International Corporation Awarded Major Lining Supply
Contract
Construction Technologies Segment to Provide Materials for
Processing Facilities in Saudi Arabia
HOFFMAN ESTATES, IL--(Marketwired - Nov 6, 2013) - AMCOL
International Corporation (NYSE: ACO) announced today that it is
furnishing more than 1.5 million square meters (16 million+ square
feet) of its Resistex® geosynthetic clay liner (GCL) product to a
new aluminum processing facility in Saudi Arabia. The $25.3
million contract includes supply of the GCL and all other
components of the multi-layer lining system.
The lining materials will be used in the construction of an
on-site disposal facility at a new alumina refinery being
constructed by Ma'aden Bauxite and Alumina Company, a joint venture
between ALCOA Inc. and Saudi Ma'aden Mining Company. The
contract is with Hyundai Engineering and Construction Co., based in
Seoul, Korea.
"This project provides an example of the value CETCO provides to
our customers via customer-focused research and
development. Resistex is part of a family of proprietary GCL
products developed through years of research and development,
designed to perform in conditions presenting challenges for
standard GCLs," said Patrick Carpenter, President of the AMCOL
Construction Technologies segment. "With a global production
platform, in-house logistics expertise, and direct access to state
of the art technology in minerals performance enhancement, we are
uniquely positioned to supply large projects in the mining and
minerals processing industries."
A wholly owned subsidiary of AMCOL International (NYSE: ACO),
Colloid Environmental Technologies Company, LLC (CETCO) is a global
construction technologies company with a range of products and
services including geosynthetic clay liners (GCLs), drilling
products, building materials, engineering support, technical
assistance, custom solutions, and research and development.
Founded in 1927, AMCOL International Corporation is a leading
producer and marketer of diverse specialty materials with a core
expertise in minerals and polymer science. Through four business
segments: Performance Materials, Construction Technologies, Energy
Services, and Transportation and Logistics, AMCOL creates solutions
that enhance the quality, efficiency and sustainability of its
customers' products and services in a growing global marketplace.
Headquartered in Hoffman Estates, Illinois, AMCOL International
Corporation is a publicly owned company traded under the symbol ACO
(NYSE). The AMCOL web address is www.amcol.com.
This release contains certain forward-looking statements
regarding the expected performance of AMCOL for future periods
where actual results for such periods might materially
differ. Such forward-looking statements are subject to
uncertainties, which include, but are not limited to, actual growth
in various markets AMCOL serves, utilization of the AMCOL plants,
currency exchange rates, currency devaluation, delays in
development, production and marketing of new products, integration
of acquired businesses, and other factors detailed from time to
time in the AMCOL annual reports and other reports filed with the
Securities and Exchange Commission. AMCOL undertakes no duty
to update any forward-looking statement to conform the statement to
actual results or changes in its expectations.
For further information, contact: Don Pearson Senior Vice
President & Chief Financial Officer 847.851.1500
Amcol (NYSE:ACO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Amcol (NYSE:ACO)
Historical Stock Chart
From Jul 2023 to Jul 2024