On the morning of May 7, 2016, Sennics Co., Ltd. , a subsidiary of Sinochem International, joined hands with DyStar LP, a holding subsidiary of Zhejiang Longsheng Group Co., Ltd. (Lonsen), acquired rubber chemicals, NBR latex and other business assets (hereinafter referred to collectively as PANIT company) from Emerald Performance Materials LLC (Emerald). The signing ceremony was held in New York, the USA.