Yip's Chemical To Cut Building Paint, Lubricants And Focus On Higher-Margin Products

Yip's Chemical Holdings (0408) will continue to scale back its building paint business and its lubricants business in the first half, while focusing on products tied to high-tech, high-margin and new-energy industries, executive director and CEO Yip Kwan said. The company will keep pushing core products and higher-value offerings to sustain organic growth, and will target environmentally friendly and new-energy related sectors with higher technical content as a second growth driver. After completing its Vietnam plant, Yip's Chemical said it has no plans for large-scale capital expenditure for now, according to Ming Pao.