The China National Chemical Corporation (ChemChina) is interested in buying Germany's SGL Carbon and the ChemChina president Ren Jianxin has held a couple of talks with SGL CEO Juergen Koehler, German monthly Manager Magazin reported, quoting company sources.

Headquartered in Wiesbaden, Germany, SGL Carbon has a current market value of about 1.1 billion euros. It is one of the world's leading manufacturers of graphite materials and related products, and boasts a complete business chain from carbon and graphite products to carbon fibers and composites. The company's products are widely used in many fields including iron and steel smelting, aerospace, automobile manufacturing, new energy, construction and sports equipment.

The state-owned ChemChina was ranked 265th among the world's top 500 enterprises in 2015. Its major businesses include six parts such as fine and specialty chemicals, basic chemicals, and crude oil processing.

ChemChina has finished several overseas acquisitions in recent years and the majority of the companies it purchased were giants in related areas. The most ambitious takeover was to buy Swiss pesticide and seeds maker Syngenta AG for nearly 300 billion yuan on February 3. This is also the largest ever overseas acquisition made by a Chinese company.