A process useful for producing low density high mineral wool based acoustical panels with improved acoustical absorption properties using a water felting process is disclosed. The process includes forming a dilute slurry mixture including water, mineral wool, a thermoplastic binder and/or starch; and distributing the dilute slurry on a porous carrier to have the slurry dewatered to a base mat by gravity drainage to remove water by gravity. A vacuum is adjusted to gradually apply vacuum to the gravity dewatered base mat to further dewater the base mat without subjecting the mat to static pressure that would compress the base mat. The base mat is dried to form an acoustical ceiling product that has a low density and excellent acoustical absorption properties.