Morgan Receives Contract to Build Rod Mill in China
WORCESTER, Mass., USA, April 14, 2003

Morgan Construction Company has received a contract from Shandon Shiheng Special Steel Co., Ltd. in Tai'an, Shandong Province, People's Republic of China, to provide the rod outlet to the company's single-strand rod mill. The contract calls for both design and manufacturer of the mill.

According to Mark Shore, Director of Rolling Mill Sales"The contract includes the supply of an 8-stand Morgan No-Twist® mill, a four-stand Reducing/Sizing Mill (RSM), pinch roll and laying head, guides and engineering for the complete rod outlet. The basic and detailed engineering will be done at the company's Worcester headquarters with manufacturing done at Morgan's Shanghai, China, and Worcester plants.

When completed, the mill will produce a variety of carbon and low alloy steels with a product size range of 5.0mm to 22.0mm with a guaranteed finishing speed of 112 meters per second. The mill will produce 500,000 metric tonnes per year at a rolling rate of 120 metric tonnes per hour.

Shore added that delivery is scheduled for January 2004.

Morgan Construction Company is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide. Since introducing its patented RSM in 1994, the company has installed 35 strands of post-No Twist Mill® finishing blocks, of which 23 include RSMs.

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