China Gengsheng Minerals, Inc., conducting its business through the BVI-registered Gengsheng International Corporation, announced in the end of July the start of the trial production of its new product, fine precision abrasives, at the company’s newly completed facilities in Gingyi City, Henan Province.
Mr. Shunqing Zhang, Chairman and CEO of Gengsheng, was pleased with the launch of the production phase of the abrasives, and expressed confidence that “this new product, along with existing fracture proppant products, which service the oil and gas industry, will benefit from the increased activity in energy production.”
Gengsheng uses its patented technology to focus on producing lapping abrasives and polishing compounds for silicon wafers. The production facilities were completed in April and have an annual production capacity of 20,000 tons.
Last year, Gengsheng signed its first sales contract for the abrasives with a Taiwan-based customer, for 300-500 tons of the product to be delivered each month during five years. The value of the contract was not disclosed.