No.1930, Development Avenue, Tongxiang Economic Development Zone, Tongxiang City, Zhejiang Province
Tel: +573 8189 9000
Fax: +573 8189 9067
Sales: $207 million; Yip’s Chemical had total sales of HK$10.26 billion.
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; adhesives; dampening alcohol solution; cleanser.
Key Personnel: Feng Shunquan, GM; Lv Junxiong, sales director; Wu Zhaowei, technical director; Sun Jiefang, PMC director; Chen Haochang, financial director.
Number of Employees: 1,000.
Comments: Bauhinia Variegata Ink & Chemicals (Zhejiang) Limited, a subsidiary of Yip’s Chemical, is the leading domestic ink manufacturer in China.
Yip’s Chemical reported 2014 sales of HK$10.26 billion, an increase of 4% and a record high. Bauhinia Variegata’s sales were $207 million in 2014, which was similar to its totals in 2013.
As a result of lower raw material prices, the company was able to lower its costs. “The raw material prices declined last year and the company seized the opportunity to reduce costs,” noted a company executive.
Bauhinia Variegata Ink & Chemicals (Zhejiang) specializes in offset inks, gravure flexible packaging inks for food and drinks, screen inks and UV inks. The company notes that R&D of every new product is based on protecting the environment. Its R&D team is noted for successfully developing new products, and added a water-based gravure lamination printing ink, among others, this past year.
“Our R&D center consistently strengthens product development and improvement,” the executive noted. “The demand for environmentally-friendly ink products has been increasing and the company has developed different kinds of ‘green’ products, for example water-based gravure lamination ink, to adapt to the market.”
Yip’s Chemical is the world’s largest manufacturer of acetate solvents and one of China’s largest suppliers of petrochemical products. In an important move, the company acquired Huacai Resins’ plant at the end of 2013.
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 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 has earned an excellent international reputation, receiving “Guangdong Famous Trademark” in 2005 and “China Famous Trademark” by the Trademark Office of The State Administration For Industry and Commerce of the People’s Republic of China in 2010.