Solvents are the largest of the Group's core businesses and the Group is the world's largest acetate solvent producer.
The Group produces mainly eco-friendly industrial organic solvents which can be grouped into raw solvents and mixed solvents. The raw solvents include ethyl acetate, normal butyl acetate, mixed butyl acetate and ethanol which are extensively used in industries in coatings, tannery, medicine and adhesives. Mixed solvents, commonly known as "thinners", are the auxiliary ingredients of paints, inks and industrial coatings. They are mostly used in the toys, electronics, printing and furniture industries. The sales of mixed solvents follow in lockstep with the increase in the Group's production scale of paints and inks and are growing tremendously every year. Together with the raw solvents, they make up the very core of the Group's businesses.
Presented with China's huge market demand, Yip's Chemical grasps full advantage of the opportunity not only by expanding its acetate solvent capacity to ensure its competitive edge in the industry, but also by developing new related products that offer synergic effects. The Group's 80,000 metric ton production line for butyl acrylate is put into operation officially in 2012. With the development of new products such as butyl acrylate, the Group's solvents business will be developing towards new diversified areas and its overall competitiveness will further be enhanced.
The success of the Group's solvents business is attributable to its superior corporate culture, its excellent management team as well as its direct sales network and global strategic alliances, which collectively confer the Group with distinctive advantages over its competitors.TOP