Carlyle Invests in Chinese Firm

Washington Post, July 8, 2008 page D4: Communication is the key to satisfaction.

Carlyle Group, the DC private-equity firm run by David Rubenstein, said it will invest $87 million in privately owned Sinorgchem,a Chinese maker of chemical used in rubber products.

Sinorgchem is the biggest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive used to make rubber products, Carlyle said. China's consumption of rubber is driven by growing local automobile markets and increasing relocation of global tire production capacities to China. PPDs are important in tire production, as they can prevent premature aging of rubber, the statement said.

Francis Shieh a.k.a. Xie Shihao who keeps in mind with vivid and light,sunshiny thoughts. July 8, 2008