Dallas, Texas 02/18/2014 (FINANCIALSTRENDS) – China Gengsheng Minerals Inc. (NYSEMKT:CHGS) the mineral business conglomerate has been a supplier to most China-based industries. The specialised products that this company brings for the industry are industrial materials. The company noted that in the previous years the challenges with the industry as well as the overall situation in the country had led to some tough situations.
However, in 2013, China Gengsheng Minerals Inc. (NYSEMKT:CHGS) noted an upward trend beginning towards the latter months of the year to record high gains. Technical success has meant that China Gengsheng Minerals Inc. (NYSEMKT: CHGS) shares have performed well. With several questions raised on some of the technicalities of the stock, the company had found itself to be in a difficult situation. However, in the past months, especially after October, better financial reporting has allowed China Gengsheng Minerals Inc. (NYSEMKT:CHGS) to make quick progress.
China Gengsheng Minerals Inc. (NYSEMKT:CHGS) , operates from Hen China and is a holding company for the material technology provider. The company Is also involved in the development, manufacture and sale of mineral-based as well as heat-resistant range of products for the semiconductor industry. The four segments in which this company operates are – industrial ceramics, fracture propents as well as fine precision abarsives. The company also conducts several of its operation through a host of other subsidiaries such as Henan GengSheng High-Temperature Materials Co., Ltd. (High-Temperature).
China Gengsheng Minerals Inc. (NYSEMKT:CHGS) is also known to offer its Duesail services through another subsidiary called as Zhengzhou Duesail Fracture Proppant Co., Ltd. (Duesail). The fracture Proppanats build nearly 29.3% of the company’s revenues. The segment makes pellets which are ball-shaped and are typically used in the oil and natural gas industry to find despotison which are trapped in the fractured pockets of the underground mines.