NINOVE, Belgium - Hoover Color, a division of CATHAY INDUSTRIES, and Ecoat, a French developer of biobased chemistry for the coatings industry, have started a collaborative project to develop coatings formulations on the basis of environmentally friendly raw materials. In this project, Hoover Color is responsible for the pigments, and Ecoat contributes the binder products.
“Our target for this collaboration is to actively open up new markets for CATHAY’s product range in Europe and other regions that have a strong tendency towards environmentally friendly applications. As highly innovative industry partners, Ecoat and Hoover Color strengthen our performance driven by the intention to act in an environmentally conscious way,” said Axel Schneider, CEO CATHAY INDUSTRIES Europe.