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China Gengsheng Minerals, Inc. Message Board

  • colby.bull colby.bull Jun 23, 2011 12:32 PM Flag

    Shipments Start In Two Weeks! 4,000 tons per mo!

    GONGYI, China, June 23, 2011 /PRNewswire-Asia-FirstCall/ -- China GengSheng Minerals, Inc. (AMEX: CHGS), a leading China-based high-tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, today announced that it has signed a five-year strategic partnership agreement with a U.S.-based strategic advisory, marketing and technology company for the marketing and distribution of its fracture proppant products in the North American market.

    Under the agreement, the parties will collaborate on the development of the fracture proppant market in North America, through the establishment of a jointly-owned brand that will be marketed to North American oil & gas producers, further increasing the GengSheng's international market share. GengSheng will ship 4,000 metric tons of proppant products per month, beginning in July 2011, with volume increasing on a bi-monthly basis. Volume shipments are expected to reach at least 8,000 metric tons per month by October 2011.

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