Third consecutive year of record installations for SinterCast
(Thomson Reuters ONE) -
* System 3000 Plus ordered for high volume cylinder block production
* Installation planned for December; start of series production during
January
* Further opportunities for new installation commitments before year-end
[Stockholm, 31 October 2013] - With the order of a new System 3000 Plus for high
volume cylinder block series production, SinterCast has achieved a third
consecutive record year for new installation commitments. The new order, which
is planned for installation and commissioning during December, will be used for
the production of Compacted Graphite Iron cylinder blocks, with the start of
series production scheduled for January 2014. At the request of the customer,
the foundry identity cannot be disclosed at this time.
The new installation is the third full System 3000 installation commitment
during 2013. Combined with two Mini-System 3000 installations and the
installation of one automatic base treatment station to upgrade an existing
System 3000 installation to the full System 3000 Plus capability, the new order
marks the sixth installation of the year and surpasses the previous installation
revenue record set in 2012. Further installation discussions are ongoing,
providing opportunities for additional installation commitments and revenue
before year-end.
"New installation activity is the strongest indicator of future CGI series
production commitments and overall market growth" said Dr Steve Dawson,
President & CEO of SinterCast. "Three consecutive years of record
installations, with increased footprint in Europe, Asia and the Americas,
clearly shows SinterCast's leadership position, the market acceptance of CGI,
and the demand for stronger materials."
For more information:
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 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-Citroën, 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
END
Press Release PDF :
http://hugin.info/1205/R/1739441/583807.pdf
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Source: SinterCast via Thomson Reuters ONE
[HUG#1739441]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2013 - 09:02 Uhr
Sprache: Deutsch
News-ID 311283
Anzahl Zeichen: 4193
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Third consecutive year of record installations for SinterCast"
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