Cathay and Tonghua form JV for iron oxide pigments

摘要

Cathay Industries Group, Hong Kong-based manufacturer of iron oxide and chrome oxide pigments, recently announced its investment, together with Tonghua Group, to build a new, state-of-the-art production plant for yellow, red and black iron oxide pigments in Tongling (Anhui Province, China). The joint venture plant, to be known as Rely Science and Technology Co., Ltd., will use the most modern technology, including fully integrated waste stream recycling. In stage one, the capacity will be 100,000 metric tons per annum; stage two will see expansion to 150,000 metric tons per annum. The company is aware of its environmental responsibilities and is using advanced capabilities to help preserve the natural beauty and environmental health of Tongling region, which is located near the Yangtze River about 500 km to the west of Shanghai, China.