Sinopec inks agreement with Triangle Group

China’s Sinopec Corp. has inked a strategic cooperation agreement with the country’s largest tire producer. Based on the agreement, the two companies will jointly develop rubber tires and new materials and improve the quality of lubricants, oil products and chemicals. Sinopec Corp. will provide synthetic rubber, anti-aging agents, lubricating oils and other chemicals to the Triangle Group, while Sinopec will purchase Triangle’s products. (August 6, 2010)