Morgan Names New President of Shanghai Subsidiary 
WORCESTER, Mass., USA, July 20, 2004

Eric Liu has been named president and CEO of Morgan Shanghai, the China subsidiary of Morgan Construction Company. He is succeeding Michael Wong who is taking the position of vice-chairman of Morgan’s Asian operations.

A native of China, Liu has worked for Dresser Rand Corporation since 1991. Now a U.S. citizen, he has worked in Shanghai for the last seven years, most recently as general manager of Dresser Rand's compressor manufacturing company. Prior to taking that company's top position, he served as the firm's technical director, materials director and quality manager.

A graduate of Zhejiang University in Hangzhou, PRC, where he received his BS Degree in Materials Engineering, he has also received a Master's Degree in Materials Engineering from Wright State University in Dayton, Ohio, and an MBA in International Business from St. Bonaventure University in St. Bonaventure, New York.

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