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Greenfield foundry with initial capacity for 300,000 Engine Equivalents per year
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System 3000 Plus to be commissioned during second quarter of 2014
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Series production expected to begin during 2014
[Stockholm, 16 January 2014] - One of China's largest automotive component conglomerates has entered into a long term technology supply agreement with the Swedish process control specialist SinterCast for the production of Compacted Graphite Iron (CGI) engine components. Under the terms of the agreement, SinterCast will install a System 3000 Plus process control system at the company's new purpose-built CGI foundry in China. SinterCast will also supply the mechanical infrastructure for the cored-wire base treatment and correction operations and will provide technical support during the installation and start of production. The System 3000 Plus will be commissioned at the greenfield foundry during the second quarter of 2014. Series production is expected to begin during 2014, with an initial capacity of approximately 300,000 Engine Equivalents per year for commercial vehicle, off-road and stationary power engine applications.
"This new foundry is the world's first purpose-built CGI facility and has been designed from a clean sheet of paper, taking advantage of the latest technology in every aspect of the foundry process" said Dr. Steve Dawson, President & CEO of SinterCast. "The installation becomes the fifth commitment for our new System 3000 Plus technology, incorporating automatic base treatment together with the security of SinterCast's patented measure-and-correct process control strategy. The order also marks SinterCast's seventh installation commitment in China, following our strongest ever year for installations, and providing a running start to our 2014."
For more information:
| Dr. Steve Dawson | |
| President & CEO | |
| SinterCast AB (publ) | |
| Tel: | +46 8 660 7750 |
| e-mail: | steve.dawson@sintercast.com |
SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine weight, noise and emissions. The SinterCast technology is used for the production of more than 50 CGI components, ranging from 2 kg to 17 tonnes, all using the same proven process control technology. The end-users of SinterCast-CGI components include Allen Diesels, Aston Martin, Audi, Cameron Compression, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation Systems, General Motors, Hyundai, Jaguar, Jeep, Kia, Lancia, Land Rover, MAN, Maserati, Navistar, Porsche, PSA Peugeot-Citroen, Renault-Nissan, Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com (http://www.sintercast.com/)
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SinterCast via Globenewswire
