Cathay Industries Group to Build Pigments Plant in China
HONG KONG - Cathay Industries Group, a Hong Kong-based manufacturer of iron oxide and chrome oxide pigments, is investing in a joint venture with chemical manufacturer Tonghua Group to build a new production plant for yellow, red and black iron oxide pigments in Tongling, Anhui Province, China.
The joint venture plant, named Rely Science & Technology Co. Ltd., will use modern technology including fully integrated waste stream recycling. Stage-one capacity will be 100,000 metric tons per annum, and stage two will see expansion to 150,000 metric tons per annum.