MORGOIL Receives Bearings Contract from China Mill
WORCESTER, Mass., September 23, 2003

The MORGOIL Bearing Division of Morgan Construction Company, has received a contract to manufacture 17 sets of MORGOIL Bearings for Angang New Steel, of Anshan, in Liaoning Province, the People’s Republic of China.

Gabriel Royo, vice president and general manager of MORGOIL, said, "Engineering and technical support for this contract will be supplied by our Worcester headquarters facility, while

the equipment and manufacturing components will be manufactured at our Morgan-Shanghai manufacturing facility. This is another example of our continuous support of the Chinese market by providing our MORGOIL technology manufactured in our fully owned subsidiary in Shanghai."

Delivery is scheduled for summer of 2004.

Morgan Construction Company, is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide. The MORGOIL® Bearing Division provides a wide range of oil film bearing solutions for the most demanding applications in the metal rolling industries worldwide.

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