Gulf Resources, Inc. (GFRE.OB) Receives $7.5 Million in Follow-up Orders for Environmentally Friendly Chemicals
Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in China, announced that the company’s wholly-owned subsidiary, Shouguang Yuxin Chemical Industry Co., Limited (“SYCI”) on March 3, 2009 signed an agreement with Kuerle City Xingdong Trading Co., Ltd. (“Xingdong”), a distributor of additive materials for oilfields in Xinjiang autonomous region, to deliver environmentally friendly chemical products valued at approximately $7.5 million. According to the purchase order, Gulf Resources will deliver 2,500 metric tons of environmentally friendly polyether lubricant, and 1,500 metric tons of environmentally friendly solid lubricant. While this purchase order is a monumental accomplishment…