China Gengsheng Minerals, Inc., a materials technology company working through BVI-registered Gengsheng International Corporation and its Chinese subsidiaries – Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd., and Henan Gengsheng High Temperature Materials Co., Ltd., announced the signing of a refractory material supply contract with the subsidiary of Jiangsu Sha Steel Group Co., Ltd.
Under the terms of the $1.2 million contract, China Gengsheng will ship refractory materials for reheat furnaces used in Sha Steel’s hot rolling mill in Jiangsu Province. Sha Steel is China’s largest non-state-owned steel producer by output, as well as the key enterprise of Jiangsu Province. IN 2008, Sha Steel ranked 36th among the top 500 Chinese industrial enterprises, 12th among the top 500 Chinese manufacturing enterprises, and 2nd in all Chinese non-state-owned enterprises.