Sinochem takes stake in Sinorgchem - report

ERJ staff report (DS)

Beijing - A report on the CRIA website says Sinochem International, China's largest rubber marketing company, has taken a controlling stake in Jiangsu Sinorgchem Technology Co., Ltd, which makes rubber chemicals. The report was not confirmed on the websites of either Sinochem or Sinorgchem.

Sinochem International (Singapore) is to acquire all the equity in Hong Kong Kaileishengao industrial Co., Ltd. (which holds 40 percent stake in Jiangsu Sinorgchem Technology Co., Ltd.), and direct acquisition of 21 percent of the shares in Jiangsu Sunon, which takes Sinochem's total stake in Sinorgchem to 60.976 percent .

Sinorgchem is the world's largest supplier of 6PPD. The company is in dispute with Solutia (now acquired by Eastman Chemical) over intellectual property in relation to a pre-cursor to 6PPD.

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News story from CRIA (Chinese language)

Above story auto-translated (from Chinese language)