Gongyi, China-based high-tech industrial equipment manufacturer China GengSheng Minerals, Inc. on 22 June introduced new monolithic refractory products and design technology for the development of slide-rail heating furnaces, a cost-effective, energy efficient alternative to traditional water cooling pipe-based technology. China GengSheng estimates that slide-rail heating furnaces reduce energy consumption by approximately 10-15 percent compared with traditional furnace designs.
In conjunction with the launch of this new technology, China GengSheng has received refractory and design service orders valued at approximately $440,000 from Tangshan Hongwei Steel Co., Ltd. (Hongwei) for the upgrade and remodeling of Hongwei's existing water pipe cooled heating furnaces. This project was commenced in the second quarter of 2010, and is expected to be concluded in the third quarter.