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[November 2008]
Gengsheng Minerals Wins Refractory Supply Contracts with Baosteel
China Gengsheng Minerals Inc (Gongyi, China) has signed two refractory supply contracts with Shanghai Baosteel Group Corporation, China's largest iron and steel conglomerate, for a total value of US$537,000 (RMB 3.65 million).
According to the contracts, the company will deliver two whole sets of refractory materials for Baosteel's hot-rolled steel mills by 15 November 2008.
Gengsheng develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customised solutions, Gengsheng sells its products primarily to the iron and steel industry as heat resistant components for steelmaking furnaces, industrial kilns and other high temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment while reducing their consumption of energy.
Founded in 1986 and based in China's Henan province, Gengsheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminium and chemical businesses located in China and in 11 other countries. The company conducts business through Gengsheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries which are Henan Gengsheng Refractories Co Ltd, Zhengzhou Duesail Fracture Proppant Co Ltd and Henan Gengsheng High Temperature Materials Co Ltd.
www.gengsheng.com
ENDS