China Gengsheng Minerals Renews Full-Service Refractory Contracts with Three Steel Producers

China Gengsheng Minerals, Inc. (OTC Bulletin Board: CHGS) ("Gengsheng" or "the Company"), a high-tech industrial materials products company in China with products capable of withstanding high temperatures, saving energy and boosting productivity in certain industries such as steel and oil, today announced that it renewed its full-service contracts for refractory products with three Chinese steel customers for another year. The combined total value of the three renewal contracts, which are with Anhui Changjiang Steel Co. Ltd., Heilongjiang Jianlong Steel Co. Ltd., and Laiyuan Aoyu Steel Co., Ltd., is $7.3 million. The payments will be on a monthly basis in accordance with the production schedules.

The Company provides "full services" to China's steel mills in the form of refractory product installation, testing, maintenance, repair and replacement. Full-service customers contributed approximately 49.1% of the Company's total sales of refractory segment in the first nine months of 2009. Steel mills typically replace the refractory parts in their furnaces on an annual basis.

"I am encouraged by the renewal of these refractory full-service contracts," said Mr. Shunqing Zhang, Chairman and CEO of the Company. "Full-service programs typically enjoy higher gross margins than straight product sales; they also ensure stable customer relations and recurring monthly payments. As China's steel sector undergoes a process of restructuring and modernization and energy conservation becomes a top priority as steel makers upgrade their production facilities, we are well positioned to benefit from this trend by providing a value-added 'one-stop shop' solution to our key customers."

About China Gengsheng Minerals, Inc.

China Gengsheng Minerals, Inc. ("Gengsheng") develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics and fracture proppants. A market leader offering customized solutions, Gengsheng sells its products primarily to the iron-and-steel industries 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. Founded in 1986 and based in China's Henan province, Gengsheng currently has over 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and in 11 other countries. Gengsheng conducts business through Gengsheng International Corporation, a British Virgin Islands company, and its Chinese subsidiaries, which are Henan Gengsheng Refractories Co., Ltd., Zhengzhou Duesail Fracture Proppant Co., Ltd. and Henan Gengsheng High Temperature Materials Co., Ltd.

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