- Cathay Industries changes its name to Oxerra and closes the acquisition of Venator's iron oxide pigments division
SINGAPORE, April 3, 2023/PRNewswire/ -- Cathay Industries, one of the world's leading manufacturers of iron oxide pigments, unveiled its new name, Oxerra, along with its new brand identity, after completing the acquisition of the business of Venator's colour.
"We are delighted to join two recognized world leaders in the color pigment industry with an unrivaled global manufacturing network across six countries on five continents," said Terence Yu, CEO of Oxerra Group. "Oxerra drives us to offer unmatched products and services in sustainable iron oxide and color pigment technology across all industries."
The combination of each company's offerings positions Oxerra as the world's leading, complete color solutions manufacturer and provider of cutting-edge, sustainable and advanced solutions in the highly technological and demanding coatings, plastics, construction and specialty markets.
The acquisition also significantly strengthens Oxerra's leadership in the inorganic pigments sector and provides a synthetic iron oxide manufacturing presence in both Europe and the United States, which are strategically important to shorten the supply chain and deliver optimal results to the clients.
"Our emphasis on production excellence, customer solutions, sustainability and innovation remain unchanged and are important tenets of Oxerra's culture." Yu continued. "With this opportunity to surpass and improve all of these services, Oxerra can become the foremost leader in the iron oxide industry, providing a world-spanning network with a focus on high-quality, sustainable pigments for every imaginable application." ."
Over the coming months, Oxerra will continue to integrate the assets of both companies and roll out the new brand on its websites and other communication channels.
About Oxerra Founded in 1979, Oxerra is one of the world's leading manufacturers of synthetic iron oxide pigments for the construction industry, high-tech grades for coatings and plastics, as well as highest purity iron oxides for specialty applications. With global headquarters in Singapore and regional offices and production facilities in Asia, Australia, Africa, Europe, the United Kingdom and the United States, the Oxerra portfolio is also complemented by several synergistic products. For more information, visit oxerra.com.
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