A Service For Professionals Wednesday, October 18, 2017
Contact (202) 540-8337
Company News Today
A Service For Professionals Wednesday, October 18, 2017 11614 Sources 410,508,357 Articles 3,134,516 Readers
Contact (202) 540-8337

Tech Company News: China GengSheng Minerals Wins $3.6 Million Of Contracts

April 29, 2010 (FinancialWire) — China GengSheng Minerals, Inc. (AMEX: CHGS), an industrial materials manufacturing company in China, said it has won two fracture proppant supply contracts to expand its international export operation. The combined value of the two contracts is around $3.6 million, according to the company.

Fracture proppants are light, bauxite-based, grain-like materials that have a round and smooth surface and a quality of resisting high pressure and acid corrosion. They are used by oil and gas drillers to extract pockets of oil and natural gas scattered underground.

China GenSheng said the two contracts were signed on April 14, 2010 and April 24, 2010, respectively, between GengSheng's subsidiary, Zhengzhou Duesail Fracture Proppant Co, Ltd and Amsat International, a U.S. importer with distribution channels in the United States.

Under the contracts, GengSheng was to start shipping 1,008 metric tons of fracture proppant on or before April 23, 2010, and will ship another 8,028 metric tons on or before September 1, 2010.

The firm said it has already shipped out the first 1,008 metric tons of the fracture proppant products.

China-based China GengSheng Minerals develops, manufactures and markets a range of industrial material products, including refractories, industrial ceramics and fracture proppants.

Streaming Research for all companies mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [tchnlgy] [advnctchnlgy] [nwdlsldw] [chnchn]

Powered by EIN Presswire