SALES CONTRACT OF INDUSTRIAL PRODUCTS

                                                                    Exhibit 10.2

                      SALES CONTRACT OF INDUSTRIAL PRODUCTS
                      -------------------------------------
                                                                       NO.: 02596
                                                               SIGNED AT: Tai'an
                                                        DATE: _December 10, 2002

This contract is made and entered into by and between   Shandong Shengda Chemical
Machinery Co., Ltd (hereinafter   referred to as the Seller) and Shandong Shengda
Chemical   Co., Ltd   (hereinafter   referred to as the Buyer);   whereby the Seller
agree   to sell   and the   Buyer   agree   to buy the   commodity   mentioned   in this
contract subject to the terms and conditions stipulated below:

Article 1: Object, Quantity, Price and Date of Delivery

NAME OF COMMODITY: Oil Tank

UNIT: PIECE

QUANTITY: One

UNIT PRICE: RMB 585,940.80 yuan

TOTAL AMOUNT:   RMB   585,940.80   (five   hundred and   eighty-five   thousand,   nine
hundred and forty point eight) yuan

DATE OF DELIVERY: February 10, 2003

Article 2: QUALITY STANDARD

The seller will manufacture the object according to the
drawing sheet provided by the Buyer.

Article 3: TERMS AND TIME LIMIT OF QUALITY   ASSURANCE   OF THE SELLER:   1 Year of
Quality Warranty

Article 4: TITLE TO THE
GOODS SHALL BE PASSED UPON DELIVERY; HOWEVE