IHS Chemical Week

People & Business :: Earnings/Finance

Yip’s Chemical Reports Rise in Profits and Sales

7:07 AM MDT | August 29, 2012 | Deepti Ramesh

Petrochemical company Yip’s Chemical (Hong Kong), which is the world’s largest manufacturer of acetate solvents, recorded a 20% rise in profits in the first half of 2012, compared with the year-ago period, to HK$123.87 million ($16 million). First-half sales increased 7%, to HK$4.04 billion. Total sales volume in the first half of 2012 increased 15%, compared with the year-ago period, to 369,000 m.t. The global economy remained weak in the first half of the year “as the debt crisis in Europe threatened to spread, leading to global financial...

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