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Friday, June 05, 2009 - 7:19 AM
February 3, 2007
Malvern Minerals Reliability Improvement Update
Hot Springs, Arkansas – Malvern Minerals, a producer of white silica powder for the coatings industry, has completed 20% of its Reliability Improvement Plan. Once completed, Malvern Minerals will be able to fully utilize mill capacity which was tripled through capital investment made during 2006.
Improvements in the Classifier System have been realized over the last two months. Additional investments in improvements to the Classifier System, the Transfer System, and spare parts to support the entire production process have been authorized. The Packaging System and the Coating System have both operated in a reliable fashion as they are both relatively new. All systems are benefiting from Malvern Minerals preventative maintenance schedules and practices which were initiated in 2006 and are expanding as the Reliability Improvement Program is implemented throughout 2007.
Brad Smith, President and COO, commented, “We are very pleased with the capacity and reliability improvements gained to date. In January we produced almost 800,000 pounds of product, almost 15% of last year’s entire production. While we tripled our mill capacity in 2006, our experience in January shows we are only operating at 2/3 of this new mill capacity, yet this is yielding a rate of production twice that of any of the prior three years. We are quite confident that as the Reliability Improvement Plan progresses through 2007, we will be able to utilize more mill capacity and increase production rates as customer demand for our products increases.”
Malvern Minerals is a Hot Springs, Arkansas based excavator, processor, and supplier of white microcrystalline silica powder and toll processing services to the coatings industry. Since 1947, Malvern Minerals has been the number one supplier of Arkansas Novaculite which is marketed under the brand name Novacite®. Novacite® offers the lowest published oil and water absorption rates of any silica on the market.
Additional information about Malvern Minerals and its products are available at www.malvernminerals.com.
Contact: Brad Smith
President
501-623-8893
brad.smith@malvernminerals.com
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