SinterCast to present positive market outlook at Annual General Meeting
(Thomson Reuters ONE) -
Press Release
For Immediate Distribution
[Stockholm, 24 May 2012] - At the SinterCast AB (publ) Annual General Meeting
(AGM) to be held later today, SinterCast will present a positive market outlook,
with continued series production growth, and new opportunities for series
production commitments and new installations.
Specifically, the CEO presentation will note that, although the annualised
series production has stabilised since the fourth quarter of 2011, the
components that are currently in series production have a mature potential of
more than two million Engine Equivalents. Beyond the current series production,
further growth opportunities are expected with increased diesel penetration in
North America, new commercial vehicle engine commitments in Asia, the
application of CGI for the first high volume petrol engine, and continued demand
for new installations, particularly in Asia. Although no new installation
commitments have been secured prior to the AGM, the Company targets at least
three new installations before year-end. The Company will also take the
opportunity of the AGM to present the establishment of its new local companies
in China and Korea.
For and on behalf of the Board of Directors:
Dr Steve Dawson
President & CEO
Tel: +46 8 660 7750
e-mail: steve.dawson(at)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 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,
Navistar, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering,
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
END
Press Release (PDF):
http://hugin.info/1205/R/1614540/514505.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SinterCast via Thomson Reuters ONE
[HUG#1614540]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 149877
Anzahl Zeichen: 3694
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 286 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SinterCast to present positive market outlook at Annual General Meeting"
steht unter der journalistisch-redaktionellen Verantwortung von
SinterCast (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
