Profile: China Gengsheng Minerals Inc (CHGS.PK)
15 Jul 2019
China GengSheng Minerals, Inc., incorporated on May 22, 2006 is a China-based holding company operating in the materials technology industry. The Company develops, manufactures and sells a broad range of mineral-based, heat-resistant products capable of withstanding high temperatures, saving energy and boosting productivity in industries such as steel and oil. The Company’s products include refractory products, industrial ceramics, fracture proppants and fine precision abrasives. The Company conducts its operations in China through its wholly owned subsidiaries, Henan GengSheng Refractories Co., Ltd. (Refractories), Zhengzhou Duesail Fracture Proppant Co., Ltd. (Duesail), Henan GengSheng Micronized Powder Materials Co., Ltd. (Micronized), Guizhou Southeast Prefecture GengSheng New Materials Co., Ltd. (Prefecture) and Henan Yuxing Proppant Co., Ltd., (Yuxing) , and throughthe Company'smajority owned subsidiary, Henan GengSheng High-Temperature Materials Co., Ltd. (High- Temperature
Through its wholly owned BVI subsidiary, GengSheng International, and its wholly owned Chinese subsidiary, Refractories, which has an annual production capacity of approximately 127,000 tons, the Company manufactures refractory products. The Company manufactures fracture proppant products through Duesail, which has an annual production capacity of approximately 66,000 tons, and Yuxing, which has designed annual production capacity of approximately 60,000 tons. It manufactures fine precision abrasives products through Micronized, which has annual production capacity of approximately 22,000 tons. 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 sells its products to over 300 customers in the iron, steel, oil, glass, cement, aluminum, chemical and solar industries located in China and other countries in Asia and Europe. The Company’s refractory customers are companies in the steel, iron, petroleum, chemical, coal, glass and mining industries. The fracture proppant products are sold to oil and gas companies. The industrial ceramics are used in the utilities and petrochemical industries and fine precision abrasives are marketed to solar companies and optical equipment manufacturers.
The Company competes with Puyang Refractories Co., Ltd., Wuhan Ruisheng Specialty Refractory Materials Co., Ltd., and Beijing Lirr Refractories Co., Ltd.
China Gengsheng Minerals Inc
No. 88 Gengsheng Road
Dayugou Town, Gongyi City
ZHENGZHOU HEN 451271