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[March 2008]
China Gengsheng Minerals Wins Refractory Supply Contracts in Ukraine and Kazakhstan
China Gengsheng Minerals Inc (Gongyi, China) has announced that it has signed contracts valued at US$1.84 million, to supply steel mills in Ukraine and Kazakhstan.
The company will start shipping castables and refractory materials for the taphole in furnaces from March through to the end of this year. The contract for the Ukrainian steel mill is valued at US$891,200 and the contracts for the Kazakh steel mill amount to US$951,000 in value.
"Being able to sell our core products to countries in the Commonwealth of Independent States (CIS) shows Gengsheng's broadening scope as an international business," said Shunqing Zhang, Chairman, CEO and President of Gengsheng. "We plan to continue leveraging our high product quality and our competitive prices to further expand overseas, especially in fast-growing markets like Ukraine."
According to the International Iron and Steel Institute, Ukraine was the world's eighth largest steel-producing country in 2007, with 42.8 million metric tons of crude steel in output, or 3.2% of world's total.
www.gengsheng.com
ENDS