SinterCast posts record series production
(Thomson Reuters ONE) -
* Annualised series production of 1.65 million Engine Equivalents
* Start of series production of two new commercial vehicle programmes
* Pre-production of first CGI petrol engine continues according to schedule
[Stockholm, 10 July 2013] - With increasing contributions from all automotive
engine sectors, SinterCast posted record annualised series production of 1.65
million Engine Equivalents in the second quarter of 2013. The production
surpasses the previous record of 1.6 million Engine Equivalents set in the first
quarter of 2012 and represents an increase of more than 35% since the end of
2012. The second quarter production was buoyed by continued strong performance
of the Audi and Ford V-diesels in Europe and by the ramp up of the VM Motori V-
diesel in preparation for the start of showroom sales of the Jeep Grand Cherokee
SUV and the Ram 1500 light duty pick-up in the US. Commercial vehicles also
contributed to the increase, with the continued recovery of the Navistar 13L Big
Bore cylinder block in the US and by the start of series production of two new
heavy duty cylinder blocks for separate, but as yet undisclosed, European
commercial vehicle manufacturers. The record production also includes
contributions from the ongoing pre-production of the first CGI petrol engine,
which remains on schedule for the start of series production during the second
half of the year.
"Second quarter production was strong and stable, with each of April, May and
June finishing above the previous record of 1.6 million Engine Equivalents,
reinforcing the ability of the current series production programmes to exceed
two million Engine Equivalents at mature volume" said Dr Steve Dawson, President
& CEO of SinterCast. "After a difficult period for commercial vehicles in the
second half of 2012, it is particularly rewarding to see recovery in the
established truck programmes and the start of production of two new heavy duty
cylinder blocks during the second quarter. The improvement on the commercial
vehicle side, together with recent increases in field trials, installation
negotiations and consumable shipments, provides a positive foundation for the
second half of the year."
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,
Maserati, 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/1715283/570018.pdf
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Source: SinterCast via Thomson Reuters ONE
[HUG#1715283]
Unternehmensinformation / Kurzprofil:
Datum: 10.07.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 276966
Anzahl Zeichen: 4667
contact information:
Town:
Stockholm
Kategorie:
Business News
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