Yip’s Chemical Building
13 Yip Cheong Street, On Lok Tsuen
Fanling, New Territories, Hong Kong
Tel: +852 2675 2300
Fax: +852 2675 7311
Sales: $181 million (HKD 1,403,105,000); Yip’s Chemical had total sales of $1,147 billion (8,894,409,000 HKD) in 2012.
Major Products: Gravure inks, offset printing inks, screen printing inks, UV inks and environmentally-friendly inks used mainly in food and medicine packaging, tobacco packaging, offset and transfer printing.
Key Personnel: Feng Shunquan, general manager; Lv Junxiong, sales director; Wu Zhaowei, technical director; Sun Jiefang, purchasing director; Li lifa, financial controller; Yang Aijun, paper technical director; Fang Qingquan, production director.
Number of Employees: 1,122.
Comments: Bauhinia Variegata Ink & Chemicals, a wholly owned subsidiary company of Yip’s Chemical Holdings, enjoyed a strong 2012, achieving 14% growth in sales in spite of the challenging economic and raw material situations. Bauhinia Variegata Ink ranks first in production capacity with an annual production capacity of 95,000 metric tons, and sales within China’s ink industry.
“In 2012, the overall market was in the doldrums,“ said a Bauhinia spokesperson. “Prices of raw materials and human resources costs increased, but our company’s operating costs improved. In order to effectively cope with the fierce market competition, our company adjusted our product structure and optimized the organization, which allowed us to broaden our sources of income, reduce expenditures and achieve profitable double-digit growth for four consecutive years, making us the sales volume champion.”
The company currently has three production plants: Zhongshan, Guangdong; Tungxiang, Zhejiang and Cangzhou, Hebei, with its inks manufactured and marketed in southern, eastern and northern China, respectively.
Bauhinia Variegata Inks specializes in offset printing inks, UV offset inks, gravure inks and screen printing inks, and enjoys an excellent reputation in the international market. In 2005, it was named as “Guangdong Famous Trademark,” and was also granted “China Famous Trademark” by the Trademark Office of The State Administration For Industry and Commerce of the People’s Republic of China in 2010.
In order to improve the group’s market competitiveness, Yip’s Chemical Holdings Limited restructured the company between businesses in 2012. Among them, the paper products business of Hang Cheung Petrochemical Ltd. was integrated into Bauhinia’s business.
“It will be enrich our product system and expand the finishing area,” said a Bauhinia spokesperson.
Company officials noted that in 2012, the development of high speed digital printing, combined with the slowdown of traditional printing, led to a trend toward survival of the fittest in terms of ink companies.
Printing inks for traditional printing are also undergoing changes, with demand increasing for products suitable for short runs, as well as environmentally friendly printing inks.
To meet the needs of customers, Bauhinia Variegata Ink uses strict quality controls of QC080000 and effective uses of resources such as the CNAS National Laboratory, thus providing rapid responses to market demand and meeting its mission “to improve continuously, ensure stable product quality, provide satisfying products and services to customers, and grow together with them.”
“We have always advocated ‘Quality and Service,’ and we always adhere to our business philosophy,” said a Bauhinia spokesperson. “Technology innovation is the powerful weapon to face these challenges, and intimate service is the most effective way for our customers.”
Bauhinia Variegata Ink has a strong commitment to environmentally friendly inks, and always adheres to the “sustainable development route,” rational uses of social resources. Research and development of every new product is based on protecting the environment, such as high speed and functional benzene and ketone-free gravure ink products, soybean oil-based lithographic printing ink and high quality screen glass printing ink.