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BIP Snapshot
BIP (Oldbury) has been dipping into specialty chemicals since its creation in 1894. The company -- called British Industrial Plastics, once upon a time -- is the oldest polymer material manufacturer in the UK. A pioneer in developing thermoset resins and plastic molding materials, it was the first company to patent urea-formaldehyde resins. BIP now makes molding materials and textile and paper chemicals. It manufactures industrial chemicals such as formaldehyde resins, adhesives, and water-based polyurethanes. It also produces a biodiesel product, BIPSE, from discarded vegetable oils. Welsh company Synthite, a subsidiary of the Tennants Group, acquired BIP in 2004.
