China Gengsheng Minerals signs $1.56M sales contracts

China Gengsheng Minerals Inc., an industrial materials company in China with products capable of withstanding high temperatures, reducing energy consumption, and boosting productivity in industries, such as steel and oil, has entered into two new sales contracts totaling about $1.56 million (RMB10.65 million) for refractory products with two new customers, Shandong Resource Development Company and Xin Jiang Red Star Company. The contract with Shandong Resource Development Company is expected to generate revenues of US$0.68 million (RMB4.65 million), while the contract with Xin Jiang Red Star Company is expected to generate revenues of US$0.88 million (RMB6 million).Nike Air Max 98