Quamnet.com – Private equity firm Carlyle Group said it has agreed to invest 87 mln usd in Shanghai-based chemical company Sinorgchem (Group) Co.
Sinorgchem is the largest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive in the production of rubber products which help avert premature ageing of rubber. The company has an annual capacity of 45,000 tons of PPDs.
