Nov 10 2010
China GengSheng Minerals, Inc. (NYSE Amex: CHGS), a leading China-based high-tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, today announced that the company has become an industrial partner with The Federation for International Refractory Research and Education ("FIRE").
FIRE is a non-profit organization incorporated in Canada, whose members include ten academic institutions and twelve manufacturers, suppliers, users and other service providers that are active in the field of refractories and refractory technologies. FIRE's stated mission is to fund international studies and research activities in the field of refractories, to support academic education by promoting student exchanges and generating double (multiple) degree programs, and to pool the expertise, the experience and the willingness of the most competent persons, institutions and companies worldwide in the field of refractories.
"The advancement of the refractory industry requires an ongoing commitment to the technical education of the workforce, and to open academic and professional exchange," commented Mr. Shunqing Zhang, China GengSheng's Chairman and Chief Executive Officer. "As the first Chinese refractory manufacturer accepted for industrial membership in FIRE, we believe we have a great opportunity to better understand the developing trends in the global refractory market, exchange ideas with academic and corporate partners to maintain our technological leadership in the Chinese refractory market, and leverage networking opportunities to help the Company gain prominence in the global refractories market. We believe this partnership, which places GengSheng alongside refractory industry leaders such as Alcoa, Calderys and RioTinto Alcan, will provide us with technical and other resources that will help GengSheng advance its position within the Chinese refractory market and continue to execute on its long-term growth strategy."