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Gulf Resources, Inc., together with its subsidiaries, manufactures and trades in bromine and crude salt products in the People?s Republic of China. It operates in three segments: Bromine, Crude Salt, and Chemical Products. The Bromine segment provides bromine used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants; and bromine compounds for industry and agriculture, as well as to form intermediates in organic synthesis. The Crude Salt segment offers crude salt for chemical, food and beverage, and other industries. The Chemical Products segment manufactures and sells chemical products, such as hydroxyl guar gums, demulsified agents, corrosion inhibitors for acidizing, bactericides, chelants, iron ion stabilizers, clay stabilizing agents, flocculants agents, remaining agents, bromopropane, additive products, solid lubricants, polyether lubricants, benzaldehyde dibromide, chlorantraniliprole, and expanding agents for oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemicals. The company is also involved in the research and development of commonly used chemical products, as well as medicine intermediates. Gulf Resources, Inc. is headquartered in Shouguang, the People's Republic of China. GURE
|Shares Outstanding: ||38.73M |
|Float: ||25.33M |
Corporate Video: https://www.youtube.com/watch?v=1OyUtbHJDQQ&feature=player_embedded&x-yt-ts=1422579428&x-yt-cl=85114404 Shaping China's Bromine and Specialty Chemical Product Industry Gulf Resources is a leading provider of bromine, crude salt and a portfolio of various specialty chemicals throughout China.
Our products are necessary components for China's flourishing oil and papermaking industries.
"We are a class-one certified supplier of oil and gas exploration chemicals
for China's two largest oil and petrochemical companies, China Petroleum & Chemical Corporation (SINOPEC
) and PetroChina
Company Limited (CNPC
In addition to major oilfields, our chemical products are distributed primarily to China's largest domestic papermaking manufacturers."
"We have recently successfully developed and commenced production of environmentally friendly oil and gas exploration chemicals.
The production process includes more sophisticated filters and purification techniques, generating a less harmful end product and less toxic residue." The Company operates through its two wholly-owned subsidiaries:
Shouguang City Haoyuan Chemical Co. Ltd (SCHC), which primarily produces and distributes bromine and crude salt;
and Shouguang Yuxin Chemical Industry Co. Ltd (SYCI), which focuses on manufacturing and selling chemical products.
Chairman and CEO Ring Closing Bell 10-27-09 (video below) http://www.facebook.com/video/video.php?v=102282776457349 Corporate website: http://www.gulfresourcesinc.cn/ Investor Relations: http://www.ccgir.com/ Matthew Sheldon (310) 954-1346 Matthew.Sheldon@ccgir.com
SCHC produces and distributes bromine and crude salt in China. SCHC is one of few licensed bromine producers and is the largest in China and fourth largest in the world.
Elemental Bromine is a chemical element that is used in the refrigeration, pharmaceutical, agrochemical, and oil field industries.
China's domestic market is large and growing and the country currently produces roughly 80% of all the bromine consumed domestically.
Gulf Resources expects to capitalize on the growing demand for bromine with its access to non-reserve mineralized materials in Shouguang, China.
SYCI produces and distributes chemical products and agents used in oil and gas field exploration and distribution, oil field drilling, and in the papermaking industry.
The company services large customers such as SINOPEC and China National Petroleum Corporation.
A strong customer base, material growth drivers and proprietary product introductions provide a diversified platform for growth.
Gulf Resources’ common stock started trading on the NASDAQ Global Select Markets in October 2009.