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- SinterCast System 3000 Plus to be installed at ASIMCO Shanxi foundry
- Planned production of  CGI engine components for commercial vehicles
- Continued growth in Asia, with 18 installations in China, Korea, and Japan
[Shanxi and Stockholm, 17 June 2015] - ASIMCO International Casting Co., Ltd. (Shanxi), a leading independent automotive components group in China, has entered into a technology supply agreement with the Swedish process control specialist SinterCast for Compacted Graphite Iron (CGI) product development and series production. Under the terms of the agreement, SinterCast will install a System 3000 Plus process control system at the ASIMCO foundry located in Shanxi, China and provide engineering support for the establishment of a robust CGI series production process. With planned commissioning during 2015, the System 3000 Plus will control the CGI process including the patented SinterCast thermal analysis, automatic feedback control of the base treatment process by cored wire, and feedforward optimisation of magnesium and inoculant prior to casting.Â
"The installation of the SinterCast technology in our cylinder block and head foundry in Shanxi marks another important step for ASIMCO as a leading provider of passenger vehicle and commercial vehicle components" said Mr. Tian, Guozhu, General Manager of ASIMCO International Casting Co., Ltd. (Shanxi). "The global recognition of the SinterCast brand provides instant credibility for ASIMCO's CGI capability and, together with the reliability of the SinterCast technology and its engineering experience, provides a robust platform for ASIMCO to supply the growing Asian demand for CGI."
"The ASIMCO installation becomes our tenth installation in China and our eighteenth in Asia, broadening our local presence and brand awareness, and increasing our opportunity to support the series production needs of the important Asian CGI market" said Dr Steve Dawson, President & CEO of SinterCast. "Since the launch of our System 3000 Plus technology in 2011, more than two-thirds of our series production installations have opted for the increased process efficiency provided by the automation of the base treatment process together with the security of our patented measure-and-correct process control strategy. We are pleased to support ASIMCO with this class-leading technology."
For more information:
| Dr Steve Dawson | |
| President & CEO | |
| Tel:Â | +46 8 660 7750 |
| e-mail: | steve.dawson@sintercast.com |
ASIMCO Technologies ("ASIMCO"), established in 1994, the parent company of ASIMCO International Casting Co., Ltd. (Shanxi), has become one of the largest independent foreign auto components groups in China, producing a wide range of products, including powertrain components, fuel injection systems, chassis components, rotating electrics and NVH products. Headquartered in Beijing, ASIMCO currently has nine major operating companies, and 800 service stations in China. ASIMCO also has sales branches in the United States, Europe and Japan. Based on its various product categories, ASIMCO has established seven independent R&D centres to continuously improve its product development and customer support capabilities.
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 size, weight, noise and emissions. With 43 installations in 12 countries, the SinterCast technology is primarily used for the production of petrol and diesel engine cylinder blocks and exhaust components for passenger vehicles; medium-duty and heavy-duty cylinder blocks and heads for commercial vehicles; and, industrial power engine components for marine, rail, off-road and stationary engine applications. SinterCast's series production components range from 2 kg to 9 tonnes, all using the same proven process control technology. The SinterCast share is quoted on the Small Cap segment of the Stockholm 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
