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20/10/09
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.

20/10/09
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

06/03/06
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.

08/12/04
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.

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BIP, which employs more than 130 people at its plant in Oldbury, is a manufacturer of speciality chemicals based primarily on amino resins and derivative technology. This includes new products such as Biodiesel, a fuel made from recycled vegetable oils.

The company will retain its famous name, and will be called BIP (Oldbury) Limited.

Synthite managing director Kevin Jones said: "We want to keep the name BIP because the company has a range of products known throughout the world, and has an excellent reputation. The company has a skilled and loyal workforce and despite having new owners it will be business as usual. I am looking forward to working with the management team and the employees in re-establishing a successful and profitable company."

Synthite has been established for more than 80 years and in the last decade has invested more than £10m into its plant in Mold, where it employs 70 people. Synthite is an important supplier of Paraform and solution grades of formaldehyde. The site also produces bulk organic acid blends and manufacture of a wide range of chemical intermediates.

BIP was the first company to patent urea-formaldehyde resins in 1924, and produced the world’s first white commercial moulding powder in 1926.

Since then BIP has developed into a leading technology innovator, delivering moulding materials, textile and paper chemicals.

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