Date: Tue, 18 Mar 2008 16:00:08 -0400 From: Subject: R.T. Vanderbilt to Cease Talc Production (posted 1/11/08) - Breaking News - Ceramic Industry MIME-version: 1.0 X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2900.3198 Content-type: multipart/related; boundary="Boundary_(ID_Ks3SLzo8n+D2SmRVw/ba2g)"; type="text/html" This is a multi-part message in MIME format. --Boundary_(ID_Ks3SLzo8n+D2SmRVw/ba2g) Content-type: text/html; charset=utf-8 Content-transfer-encoding: quoted-printable Content-Location: http://www.ceramicindustry.com/CDA/Articles/Breaking_News/BNP_GUID_9-5-2006_A_10000000000000234081 =EF=BB=BF R.T. Vanderbilt to Cease Talc Production (posted = 1/11/08) - Breaking News - Ceramic Industry
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R.T.=20 Vanderbilt to Cease Talc Production (posted = 1/11/08)=20

January = 11,=20 2008



R.T. = Vanderbilt=20 Co., Inc. recently announced its decision to = discontinue its=20 NYTAL=C2=AE and CERAMITALC=C2=AE industrial talc = product line, and to=20 cease talc production at its Gouverneur Talc Division = by the=20 end of 2008. The company will continue to mine and = process=20 wollastonite, which is sold under the trade name = VANSIL=C2=AE, at=20 the facility.

=E2=80=9CThe decision to = discontinue production=20 of this product line was a very difficult one for all = of us,=E2=80=9D=20 said Hugh B. Vanderbilt, Jr., chairman and chief = executive=20 officer. =E2=80=9CMy father, my grandfather and I all = believed=20 strongly in this business, but the market for this = product=20 line has dropped steadily over the years while = business costs=20 have continued to increase. In the end, we ran out of = options.=20 We sincerely regret the impact this will have on the = affected=20 employees and on the community.=E2=80=9D

While = R.T. Vanderbilt=20 has been processing talc at Gouverneur since 1948, it = has=20 become a relatively small part of the = company=E2=80=99s operations=20 overall, representing less than 7% of total revenue in = 2007.=20 The production volume of talc at the company=E2=80=99s = Gouverneur=20 facility has dropped from over 200,000 tons in 1988 to = approximately 80,000 tons today.

=E2=80=9CTo = allow our=20 customers adequate time to reformulate their products, = we made=20 the decision to maintain production through 2008, and = we will=20 be providing technical assistance to them as = well,=E2=80=9D said Roger=20 K. Price, president and chief operating officer. = =E2=80=9CIn the=20 coming weeks, we will also be discussing the impact of = these=20 decisions with the union that represents our hourly = employees=20 and with our salaried employees who are = affected.=E2=80=9D

The=20 company=E2=80=99s website is located at http://www.ceramicindustry.com/cgi-bin/ntlinktrack.exe= ?http://www.rtvanderbilt.com.=20


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