DALLAS, March 30, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring China GengSheng Minerals Inc. (AMEX:CHGS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
China GengSheng Minerals Inc. (CHGS) engages in the development, manufacture and marketing of a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics, fracture proppants and fine precision abrasives. It sells its products primarily to the iron and steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment, while reducing their consumption of energy.
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In the report, the analyst notes:
"CHGS shares traded higher Tuesday after the Company announced the signing of a definitive agreement with a local affiliate in Gongyi, Henan Province to manufacture 30,000 metric tons of its fracture proppants through the end of the year. The deal increases the Company's total annual fracture proppant capacity by 20% to 90,000 metric tons."
"CHGS is scheduled to release its fourth-quarter and full-year 2010 financial results Thursday, March 31, 2011, before the opening bell. A conference call discussing the results and other recent developments will follow at 8 a.m. EST."
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