American Gilsonite Company and its predecessor companies have provided high-quality Gilsonite and Gilsonite products and service since 1888. Gilsonite, a registered trademark of American Gilsonite Company, is a non-hazardous, naturally occurring hydrocarbon resin that is similar in appearance to coal or hard asphalt but not similar in properties. Gilsonite is a unique industrial mineral found only in Eastern Utah.
As the world's major supplier of Gilsonite products, we market many different grades. We have extensive experience in shipping direct from our Bonanza Mine Site and through our network of agents and stocking distributors in over 40 countries around the world.
Our products are carefully screened for impurities, dried to controlled moisture specifications, classified by particle size, held in large concrete silos until ready for final packaging, and stored in a covered warehouse prior to shipment. Our labs conduct extensive quality controls throughout the production process and every order is shipped with an individual certificate of analysis that guarantees its adherence to specifications.
For orders or additional information, please contact us directly. We look forward to meeting your business needs. Thank you for your interest in American Gilsonite Company.
April 04, 2013
BONANZA, UTAH - April 4, 2013 - American Gilsonite Company, Inc. (American Gilsonite", or (AGC"), the world's major supplier of Gilsonite®, announced that it had copleted Phase One of its capacity expansion initiative. In respoonse to significant demand for its products, and to help ensure its reliability as a strategic supplier to its customers, AGC embarked on a multi-year mine develpment strategy aimed to increase annual production capacity across all Gilsonite ore types to satisfy growing customer demand.
American Gilsonite and its predecessor companies have been mining Gilsonite, a non hazardous, naturally occurring hydrocarbon resin found only in Eastern Utah since 1888. Gilsonite is used as a performance additive in the oil & gas, inks and paints, foundry and asphalt industries.
Ted Stevens, President and Cheif Executive Officer of American Gilsonite commented, "AGC's customers have come to rely on Gilsonite for its unique performance endhancing attributes. American Gilsonite is committed to being a reliable supplier to its customers, and we will continue to invest in mine development as our customers grow their businesses."
The approximate $20 million initiative entailed capital expenditures directed towards opening new mines, explaring new mine development methods, as well as continued investments in health and safety. "We have opened three new mines in the past twelve months, and five more are under active development," said Mr. Stevens. "As a result we have production capacity to satisfy customer demand, and are well positioned for the future."
"We are thrilled by the achievements of the entire Bonanza operations team in successfully completeing Phase One of our mine development initiative," said Stuart Green, Senior Vice President and Chief Operating Officer. "We believe our miners are the best in the world, and through their hard work and dedication, we have built a solid foundation to support the tremendous growth potential of our products."
About American Gilsonite Company (www.americangilsonite.com)
AGC operates as an industrial minerals company and is the world's primary miner and processor of uintaite, a variety of asphaltite, a speciality hydrocarbon which AGC markets to industrial customers under its registered trademark name "Gilsonite®". Gilsonite is a glossy, black, solid naturally occurring hydrocarbon similar in appearance to hard asphalt and is believed to be found in commercial quantities only in the Uinta Basin in northeastern Utah. Because of its unique chemical and physical properties, Gilsonite has been used in more than 160 products. The company sells its products to customers in four primatry markets: (i) oil and gas, (ii) inks and piants, (iii) foundry and (iv) asphalt. AGC is headquartered in Bonanza, Utah. AGC is a privately held, portfolio company of Palladium Equity Partners III, L.P.