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: $215 million (HKD 1,669,982,000); Yip’s Chemical had total sales of $1.275 billion (HKD 9.88 billion) 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; Zhang Fuxing, vice general manager; Sun Jiefang, purchasing director; Yang Aijun, paper technical director; Fang Qingquan, production director.
Number of Employees: 1,122.
Comments: Bauhinia Variegata Ink and Chemicals Limited is a subsidiary of Yip’s Chemical, the world’s largest manufacturer of acetate solvents and one of China’s largest suppliers of petrochemical products. Yip’s Chemical enjoyed tremendous growth in 2013, with sales increasing 11% to HKD9.99 billion ($1.275 billion).
As impressive as that growth is, Bauhinia Variegata Ink and Chemicals Limited surpassed it, growing 19% to HKD1,669,982,000 ($215 million). Bauhinia Variegata Inks specializes in offset 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.
The company 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 Ink ranks first in China with annual production capacity of 95,000 metric tons and sales within China’s ink industry. The company is seeing stronger growth in the packaging side of the printing business.
“Offset printing’s market share is gradually reducing, but gravure is on the rise,“ said a Bauhinia spokesperson. “Our company’s main product is flexible packaging inks for food and drinks, so we match this printing market situation. This is a good opportunity for us.” The company is expected to add capacity on the packaging ink side.
In terms of raw materials, the Bauhinia spokesperson noted that recently, material prices have been declining. “It drives costs down,” the spokesperson added. “We’ll continue to keep our strength of high quality and low price.”
R&D is an important aspect for Bauhinia Variegata Ink, as it received the Advanced Innovation Company Award. The company has a strong commitment to environmentally friendly ink systems, and prides itself on adhering to the “sustainable development route,” such as rational uses of social resources.
The company notes that R&D of every new product is based on protecting the environment. This includes developing high speed and functional benzene- and ketone-free gravure ink products, soybean oil-based lithographic printing ink and high quality screen glass printing ink.
Bauhinia Variegata Ink’s newest inks show this dedication to the environment. Most recently, the company launched its GDZ All-Weather Benzene-Free Gravure Surface Printing Ink and its Non-VOC Vegetable Oil Offset Printing Ink.
13. Bauhinia Variegata Ink and Chemicals Limited