China Gengsheng Minerals, Inc. wins supply contract with National Petroleum Corp
[2008-6-24]
Tag: petroleum proppant
China Gengsheng
Minerals, Inc. (OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), a leading manufacturer in China of industrial materials capable of withstanding
high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed a
fracture proppants supply contract with Jilin Oil Group Co., Ltd., a wholly owned subsidiary of China National Petroleum Corporation (CNPC), for its oil
field operations in Jilin province. The total value of the contract is $1.6 million.
Gengsheng will start shipping fracture proppants immediately through the end of 2008. Fracture proppant is a light, bauxite-based, grain-like material
that has a round and smooth surface and is capable of resisting high pressure and acid corrosion. It is used by drillers to release trapped pockets of oil
and natural gas to boost yields.
"We are pleased to have signed our second multi-million dollar fracture proppants contract in less than a month," said Mr. Shunqing Zhang, Chairman,
CEO and President of Gengsheng. "With this contract we are now supplying fracture proppants to all three major Chinese oil companies, CNOOC, Sinopec
and CNPC, together. We expect that our sales of this important yield-boosting product will continue to accelerate this year."
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and markets a broad range of mineral-based industrial material products, including
monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily
to the iron-and-steel industry as heat-resistant components for steel-making 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, aluminum and chemical businesses located in China and in 11
other countries. Gengsheng 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.
China Gengsheng
Minerals, Inc. (OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), a leading manufacturer in China of industrial materials capable of withstanding
high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it has signed a
fracture proppants supply contract with Jilin Oil Group Co., Ltd., a wholly owned subsidiary of China National Petroleum Corporation (CNPC), for its oil
field operations in Jilin province. The total value of the contract is $1.6 million.
Gengsheng will start shipping fracture proppants immediately through the end of 2008. Fracture proppant is a light, bauxite-based, grain-like material
that has a round and smooth surface and is capable of resisting high pressure and acid corrosion. It is used by drillers to release trapped pockets of oil
and natural gas to boost yields.
"We are pleased to have signed our second multi-million dollar fracture proppants contract in less than a month," said Mr. Shunqing Zhang, Chairman,
CEO and President of Gengsheng. "With this contract we are now supplying fracture proppants to all three major Chinese oil companies, CNOOC, Sinopec
and CNPC, together. We expect that our sales of this important yield-boosting product will continue to accelerate this year."
About China Gengsheng Minerals, Inc.
China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and markets a broad range of mineral-based industrial material products, including
monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily
to the iron-and-steel industry as heat-resistant components for steel-making 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, aluminum and chemical businesses located in China and in 11
other countries. Gengsheng 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.
Related News »
In Focus »
footwear exports
Last month, European footwear manufacturers proposed extending anti-dumping measures against ..
B2B Keywords:
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
International market Chinese Importer Wholesale trade Wholesale products World trade Wholesale distributors International trade Foreign trade Wholesale distributor Importers Import export business Sell online Help u sell Global trade How to market a product Online supplier Wholesale product
Feature Products»
Hot Products: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 0-9
-
-
About Us -
Links -
Privacy Policy -
Terms of Use -
Site Map -
Contact Us -
Call Center: 0086-95105561 © 2007 Tootoo.com -
