Cathay & Tonghua Form JV

17 April 2013

Cathay Industries Group, a Hong Kong-based manufacturer of iron oxide and chrome oxide pigments, has announced its investment, together with Tonghua Group, to build a 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 & Technology Co Ltd, will use the most modern technology, including fully integrated waste stream recycling. In stage one, the capacity will be 100,000t/yr, stage two will see expansion to 150,000t/yr. 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 500km to the west of Shanghai, China.

Cathay Industries Group’s global CEO Mr Terrence Yu, emphasised the plant will be engineered to run with the waste heat from neighbouring fertiliser facilities, which will optimise the energy use and substantially reduce the carbon exhaust.

The production process will use the all-liquid phase method, which significantly reduces liquid and solid waste, ensuring that it will be a key component of Tonghua’s recyclable business model.

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