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Talc, or talcum, is a clay mineral composed of hydrated magnesium silicate, with the chemical formula Mg 3 Si 4 O 10 (OH) 2. Talc in powdered form, often combined with corn starch, is used as baby powder. This mineral is used as a thickening agent and lubricant. It is an ingredient in ceramics, paints, and roofing material.
The company is the world's largest producer of talc, [citation needed] with mines and processing plants located in Europe, North America, Australia, and East Asia. The Luzenac Group was a wholly owned subsidiary of the Rio Tinto Group from 1988 [ 1 ] until August 2011, when it was sold to Imerys .
Mondo Minerals, nowadays part of Elementis, is a leading globally active producer of talc [citation needed] products. Its main brands are Finntalc, Plustalc and Microtalc. The company develops and markets specialized products for paints and coatings, plastics, cordierite ceramics, consumables, pharmaceutical and paper applicatio
The company contends a bankruptcy settlement pays claimants fairly and equitably, as opposed to the civil justice system in which most plaintiffs receive nothing while some win outsized awards.
[2] [3] The company originally produced magnetic recording read/write heads for the then-burgeoning floppy-drive market. Due to the labor-intensive nature of the product, production was carried out in low-wage India where production costs were lower. This was the key to the company's competitiveness.
A jury ordered Johnson & Johnson to pay $260 million to an Oregon woman who said she developed a deadly cancer from using the company’s products that contained talc powder.
The company stopped selling talc-based baby powder in the United States and Canada in 2020 [11] and has said it will stop all talc sales worldwide by 2023, switching to a corn starch-based formula. However, Johnson & Johnson says that its talc-based baby powder does not contain asbestos and is safe to use.
Pepco Holdings was a holding company incorporated in February 2001 for the purpose of effecting the acquisition of Conectiv Power Delivery by Potomac Electric Power Company (better known as "Pepco"). The acquisition was completed on August 1, 2002, at which time Pepco and Conectiv became wholly owned subsidiaries of PHI.