HOFFMAN ESTATES, IL — (Marketwired) — 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.
Source: AMCOL International