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[January 2009]
Gengsheng Subsidiary Granted AAA Credit Rating by Zhengzhou City in Henan Province
China Gengsheng Minerals Inc (Gongyi, China), a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, has announced that Henan Gengsheng Refractories Co Ltd, its wholly owned subsidiary, was granted an AAA credit rating by the Zhengzhou Enterprise Creditworthiness Evaluation Committee in Henan Province.
The Committee approved the rating after reviews conducted by seven municipal-level bureaus, including the Zhengzhou Economic Development Commission, the Business Board of Zhengzhou, the Industrial and Commerce Bureau and the Tax Bureau. Among the highest credit-rated enterprises in Zhengzhou, a total of 16 received the AAA rating; 11 received AA and 1 received A.
Separately, Mr Shunqing Zhang, Chairman and CEO of the company, was last month awarded the title of ‘Gongyi City's Most Influential Person in the 30 Years of Opening & Reform’ by the City of Gongyi in Henan Province. In naming Mr Zhang, the city cited his achievements in creating jobs in the local community, stimulating the rapid growth of Gongyi's economy and setting excellent examples of taking social responsibilities.
Lastly, both Mr Zhang and the company were also given tributes at Zhengzhou City's own ‘30 Years of Opening and Reform’ event last month.
ENDS