CHINA GENGSHENG MINERALS, INC.
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China GengSheng Minerals, Inc. is engaged in developing, manufacturing and marketing a broad range of mineral-based, heat-resistant products. The company was established in November 1947 and is publicly traded on the NASDAQ OTC Market under the trading symbol CHGS. It has its registered office in Nevada, United States. Its main headquarters is located in Gongyi, Henan province, China.
The company offers three major product lines: monolithic refractories, industrial ceramics and fracture proppant. It manufactures its monolithic refractories, which are used in steel-making furnaces, industrial kilns and other high temperature vessels, to maintain and extend their service life, minimize heat and mass loss during production and to reduce overall cost and improve productivity of steel-making. Its industrial ceramic products, which include abrasive balls and tiles, valves, electronic ceramics and structural ceramics, are sold to customers in the electric power, electronic components, industrial pumps and metallurgy industries. In addition, the company manufactures fracture proppant products for use in oil and natural gas wells in the oil and gas exploration industries.
The company is a leading manufacturer in China of heat-resistant and energy-saving industrial materials. It covers a land area of approximately 220,000 square meters. It sells most of its products to more than 165 steel, iron, glass, cement and aluminum industry customers in approximately 25 provinces in China, as well as in 11 other countries located in Asia (Japan and South Korea), Europe (Romania), North America and Russia. Its major customers include Baosteel, Wuhan I & S Co., Capital I & S Co., Handan I&S Co., Kunmin I & S Co., and Jiuquan I & S Co.
The company has established long-term partnership with several domestic and foreign institutions, including Wuhan University of Science and Technology, Tianjin University, University of Science and Technology in Beijing, Center of Industrial Refractories at Ecole Polytechnique (CIREP) in France, and University of Montreal in Canada.
The company co-operates with subsidiary Gengsheng International Corporation of British Virgin Islands and Chinese subsidiaries Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.
China GengSheng Minerals, Inc. is a holding company operating in the materials technology industry through its direct and indirect subsidiaries in China. The Company develops, manufactures and sells a range of mineral-based, heat-resistant products capable of withstanding high temperature, saving energy and boosting productivity in industries, such as steel and oil. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives. The Company sells its products to over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and other countries in Asia, Europe and North America.
Description and history
China GengSheng Minerals, Inc., incorporated on November 13, 1947, is a holding company operating in the materials technology industry through its direct and indirect subsidiaries in China. The Company develops, manufactures and sells a range of mineral-based, heat-resistant products capable of withstanding high temperature, saving energy and boosting productivity in industries, such as steel and oil. Its products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives. The Company sells its products to over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and other countries in Asia, Europe and North America.
The Company conducts its operations in China through its wholly owned subsidiaries, Henan GengSheng Refractories Co., Ltd. (the Refractories), ZhengZhou Duesail Fracture Proppant Co. Ltd. (the Duesail), Henan GengSheng Micronized Powder Materials Co., Ltd. (the Micronized), and Guizhou Southeast Prefecture GengSheng New Materials Co., Ltd (the Prefecture) and through its majority owned subsidiary, Henan GengSheng High-Temperature Materials Co., Ltd. (the High-Temperature). Through its direct wholly owned BVI subsidiary, GengSheng International and its direct and wholly owned Chinese subsidiary, Refractories has an annual production capacity of approximately 127,000 tons.
The Company manufactures fracture proppant products through Duesail, which has an annual production capacity of approximately 66,000 tons. It manufactures fine precision abrasives products through Micronized, which has designed annual production capacity of approximately 22,000 tons. Finally, through its majority owned subsidiary High-Temperature, which has an annual production capacity of approximately 150,000 units, the Company manufactures industrial and functional ceramic products. The Company operates in five business segments: refractories, industrial ceramics, fracture proppants and fine precision abrasives.
The Company’s refractory customers are companies in the steel, iron, petroleum, chemical, coal, glass and mining industries. The Company’s fracture proppant products are sold to oil and gas companies. The Company’s industrial ceramics are used in the utilities and petrochemical industries. Its fine precision abrasives are marketed to solar companies and optical equipment manufacturers.
The Company’s refractory products have high-temperature resistant qualities and can function under thermal stress. The Company provides a customized solution for each order of its monolithic refractory materials based on the customer’s requested formula. The Company’s refractory products include castable, coating, dry mix materials, low-cement, non-cement castables and pre-cast roofs. The Company provides a full-service option to its steel customers, which includes refractory product installation, testing, maintenance, repair and replacement.
The Company’s industrial ceramic products, including abrasive balls and tiles, valves, electronic ceramics and structural ceramics, are components for a variety of end-use products, such as fuses, vacuum interrupters, electrical components, mud slurry pumps and high-pressure pumps. Such end use products are used in the electric power, electronic component, industrial pump and metallurgy industries. The Company’s ceramic plates, tubes, elbows and roller products are used in heavy machines for steel production, power generation and mining. Its ceramic cylinders and plugs are used in plug pumps for drilling crude oil. Its wearable ceramic valves are used for transferring gas and liquid products.
The Company’s fracture proppants are ball-like pellets, used to reach pockets of oil and natural gas deposits that are trapped in the fractures under the ground. Oil drillers inject the pellets into those fractures, squeezing out the trapped oil or natural gas, which leads to higher yield. Its fracture proppant products are available in different particle sizes (measured in millimeters). They are used to extract crude oil and natural gas, which increases the productivity of crude oil and natural gas wells.
Fine precision abrasives
The Company’s fine precision abrasives are made from silicon carbide (SiC). They are pellets with uniform shape, and they are used for surface-polishing and slicing of precision instrument, such as solar panels. Its products can be utilized in a range of areas including machinery manufacturing, electronics industry, optical glass, architecture industry development, semiconductor, silicon chip, plastic and lens.
The Company competes with Puyang Refractories Co., Ltd., Wuhan Ruisheng Specialty Refractory Materials Co., Ltd. and Beijing Lier Refractories Co., Ltd.
Engaged in developing, manufacturing and marketing a broad range of mineral-based, heat-resistant products
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Country address: UNITED STATES OF AMERICA
Website url: www.gengsheng.com