The discovery of carbolic acid (phenol) as a distillate of tar and its subsequent use in the nineteenth century as an antiseptic was followed by its use as a raw material for picric acid, which came to be recognised as a powerful explosive, as a primary raw material for salicylates, and in connection with plastics production.
The Anglo-German Association of German and English manufacturers, for production and price stabilisation, lasted only from 1906 to 1907; the English Association thereafter functioned separately until 1914. Wartime prices were then controlled by a committee of manufacturers, chaired by a chartered accountant.
The English Phenol Convention was established in October 1927. The Phenol Producers' Association was faced in 1960 with the necessity to reconstitute itself after a judgement under the Trade Practices Act, 1956.