Covia's Innovation Provides ESG Benefits

Rhea-AI Summary

Covia is enhancing its product innovation process with a strong focus on sustainability and ESG benefits. The company is establishing a state-of-the-art Innovation Center in Concord, North Carolina, which will strengthen their laboratory network for developing products in polymers, engineered stones, coatings, and building products.

A notable achievement in 2023 was the development of Cristobalex™, a product with refined quality and low iron content that enhances durability, reflectivity, and UV-resistance while reducing weight. When used in cool roofing coatings, it improves energy efficiency, and in road markings, it enhances safety through better visibility and durability.

NORTHAMPTON, MA / ACCESSWIRE / November 7, 2024 / Covia

Covia's diverse product range supports a wide variety of everyday applications. We pride ourselves on providing high-performing, innovative products to our customers in the foundry, building products, ceramics, coatings and polymers, water filtration, glass, and sports and recreation markets. We grow our business in these markets by extending the applications for our existing products as well as developing new products and new markets to spur Covia's growth.

The sustainability-related aspects of developing, producing, delivering, and using our products are an increasingly important part of our product innovation process. A key component of our research and development process is to partner with our customers. This enables us to understand their needs for products and solutions that offer sustainability benefits to their business and end-use applications. Through small batch testing and trials, we work together to fine-tune overall product performance and sustainability attributes. To complement this process and anticipate future needs, we conduct extensive market and trends research to guide our ongoing investments in R&D.

We are currently establishing a state-of-the-art Innovation Center in Concord, North Carolina. The Concord facility will become an integral part of our network of laboratories. The new center will include significant laboratory space, along with office space for our technology team. Adding this lab will allow us to further our development of products serving the following key areas: polymers, engineered stones, coatings, and building products.

ESG considerations are integrated into Covia's product portfolio decision-making. Our product scorecard evaluates a variety of factors, including technical feasibility, economic interest, and ESG factors. ESG considerations played a pivotal role in our product development success in 2023, notably the development of Cristobalex™.

Cristobalex™, with its refined quality and low iron content, allows specific end-products to be more durable, reflective, and UV-resistant, all while being significantly lighter in weight, resulting in a variety of ESG-related benefits. Various applications include cool roofing, reflective road markings, architectural coatings, sealants, and adhesives.

For example, the addition of this ingredient to cool roofing coatings makes them bright and reflective, resulting in reduced energy consumption compared to other buildings. Additionally, the reflectivity and UV-resistant properties in painted road markings create a safer environment, as proper markers and indicators become more visible and durable.

For more information about how Covia is expanding the number and reach of our products that have environmental and social benefits, visit page 49 of Covia's ESG Report.

View additional multimedia and more ESG storytelling from Covia on 3blmedia.com.

Contact Info:
Spokesperson: Covia
Website: https://www.3blmedia.com/profiles/covia
Email: info@3blmedia.com

SOURCE: Covia

View the original press release on accesswire.com

FAQ

What is Covia's new Innovation Center in Concord, North Carolina focused on?

Covia's new Innovation Center in Concord will focus on developing products for polymers, engineered stones, coatings, and building products, serving as an integral part of their laboratory network.

What are the main benefits of Covia's Cristobalex™ product launched in 2023?

Cristobalex™ offers improved durability, reflectivity, and UV-resistance while being lighter in weight. It provides ESG benefits in applications like cool roofing, road markings, architectural coatings, sealants, and adhesives.

How does Covia incorporate ESG considerations into product development?

Covia uses a product scorecard that evaluates technical feasibility, economic interest, and ESG factors. They also partner with customers for product testing and conduct market research to guide R&D investments.

What sustainability benefits does Cristobalex™ provide in roofing applications?

When used in cool roofing coatings, Cristobalex™ makes them brighter and more reflective, resulting in reduced energy consumption compared to other buildings.