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

Sinorgchem is the biggest Chinese supplier of para-phenylenediames, a key chemical additive used to make rubber products, Carlyle said in an e-mailed statement yesterday.

(Shanghai Daily July 8, 2008)