Zhangjiagang Orders Two Additional Morgan Compactors
WORCESTER, Mass., August 22, 2001

Zhangjiagang Sheen-Faith Steel Corporation Ltd., in Zangjiagang, Jiangsu Province, the People's Republic of China, has ordered two Morgan Compactors, bringing to three the company has ordered from Morgan.

In announcing the contract, Daniel M. Morgan, Senior Vice President and General Manager of the Rolling Mill Division, said, "This latest order was based on the successful performance of the first Morgan Compactor, which was commissioned in Zhangjiagang 's #1 rod mill in June of 2000.

He said that work on the project will be performed at three of Morgan's global facilities. "Engineering work," he said, "will be performed at our design centers at Morgan-France in Paris and at Morgan-Worcester, our corporate headquarters, while the equipment will be manufactured at Morgan-China in Shanghai, PRC."

He added, "The new Morgan Compactor, which is horizontal, offers the latest technology, including the company's new wire binding system."

Morgan Construction Company, is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide.

Questions or comments can be e-mailed to: sales@morganco.com