News releases
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
8 December 2004 – 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.
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.
|
