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QUARTER 4 PRICE INCREASE FOR FORMALDEHYDE RESINS
BIP Industrial Chemical Division today announced a general increase in prices for formaldehyde based resins by between GBP 60 -100 per tonne (Euro 70 – 120 per tonne). This is primarily the result of a significant increase in Q4 methanol price. The change comes into effect for November despatches or as contracts allow.
AMINO MOULDING POWDER – PRICE INCREASES
The 4th quarter price of Methanol has jumped by just over 40% and this coupled with increasing logistical costs has had a significant effect upon our cost of Formaldehyde.
Pulp prices have also hardened throughout the year.
With other raw materials also firming in price it has become necessary for us to review the selling prices of our range of Amino Moulding Materials.
Effective 1st November 2009, prices will increase by GBP 60 per tonne, EUR 66 per tonne and USD 99 per tonne.
We apologise for the need to review our selling prices but the need to recover these cost increases is imperative
Expansion at BIP (Oldbury) Limited
West Midlands chemicals and plastics company BIP (Oldbury) Limited has announced further expansion at its Tat Bank Road, Oldbury site.
Following the announcement in December 2005 by BIP's owners, Tennants Consolidated Limited, of the closure of its Mitchum, Surrey site, it's Michanol business will transfer manufacturing, warehousing and commercial operations to BIP's site at Oldbury.
Mitchanol has been a producer of high quality resins for the printing inks and other industries for over 50 years.
Kevin Jones, Managing Director of BIP (Oldbury) Limited stated, "this is another significant step in the growth of BIP and our products which sit naturally alongside our existing ranges of products for the paper and textile industries".
This expansion follows significant investment in BIP's Bio-Diesel manufacture which has been doubled over the past 6 months.
Leading UK manufacturer buys BIP (Oldbury) Limited
West Midlands chemicals and plastics firm BIP (Oldbury) Limited, has been bought by the UK’s
leading formaldehyde producer.
Synthite Limited purchased the business and assets of the West Brom
company for an undisclosed sum on Monday November 29. Sold as a going
concern, BIP’s operations and production have continued as normal.
Synthite, based in Mold, North Wales, is a wholly owned subsidiary
of the chemicals distributor Tennant Group, which has an annual turnover
of £170m. |