Manufacturing: China GengSheng Producing Upgraded Line
June 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China GengSheng Minerals, Inc. (AMEX: CHGS), a China-based industrial materials manufacturer, said that it has begun production on an upgraded fracture proppant manufacturing line.
With this build-out completed, GengSheng's proppant manufacturing lines now incorporate "revolving kiln" technology, which is designed to conserve energy and reduce production time. With the improvements, GengSheng said it expects to realize cost reductions of up to 10% annually, as well as produce a broader range of proppant products for the oil and gas exploration industry.
On April 27, the company completed its construction of a new "Phase II" fracture proppant production line. The launch of this new line effectively doubled GengSheng's manufacturing capacity for fracture proppants from 33,000 tons to 66,000 tons per year.
China-based China GengSheng Minerals develops, manufactures and markets a range of industrial material products, including monolithic refractories, industrial ceramics and fracture proppants.
GengSheng currently has more than 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and other countries.
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