China Gengsheng Materials (CHGS.OB) Renews Major Contracts with Three Steel Producers
One company that has been catching the attention of small-cap investors is China Gengsheng Materials. China Gengsheng is known for developing and marketing a broad range of industrial material product and has grown into a market leader by offering state-of-the-art customized solutions. Today, the young company made the announcement that they have renewed full service contracts for refractory products with 3 major steel companies for another year. The companies included in these contracts are: Changjiang Steel, Heilonjing Steel and Laiyuan Aoya Steel. These contracts will be paid in monthly installments and are worth an estimated $7.3 million. When asked about…