China GengSheng Minerals Inc. (CHGS) to Build New Fracture Proppant Manufacturing Facility
China GengSheng Minerals Inc. develops, manufactures and markets a broad range of high-tech industrial material products. These products include monolithic refractories, industrial ceramics and fracture proppants. The company currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical industries in China and other countries. The company today announced plans to construct a new fracture proppant manufacturing facility in Gongyi, Henan Province. China GengSheng's new plant will increase its annual proppant manufacturing capacity by 60,000 metric tons to 150,000 tons. This includes 30,000 tons produced by third parties under OEM agreements. Construction of this new facility…