Record series production in October
(Thomson Reuters ONE) -
* Annualised series production reaches 1.8 million Engine Equivalents
* Year-on-year increase of 50% compared to the fourth quarter of 2012
* Potential for more than two million Engine Equivalents from current series
production
[Stockholm, 22 November 2013] - Buoyed by increased diesel demand in North
America, increased commercial vehicle production in Europe, and continued pre-
production of the first-ever CGI petrol engine, annualised series production
reached a new all-time high of 1.8 million Engine Equivalents in October. The
current series production represents a year-on-year 50% increase compared to the
annualised volume of 1.2 million Engine Equivalents during the fourth quarter of
2012, and a 38% increase compared to the first quarter of 2013. Many of the
current series production programmes are still in the ramp up phase and provide
the potential to exceed two million Engine Equivalents when mature volumes are
reached. Further growth will be realised as new series production programmes
are formally launched, including the high volume petrol engine that is expected
to provide a mature volume of more than 350,000 Engine Equivalents.
"Beyond our previously announced record of 1.65 million Engine Equivalents
achieved during the second quarter, October's production provides another clear
step toward the two million Engine Equivalent milestone" said Dr Steve Dawson,
President & CEO of SinterCast. "With record series production and record
installation revenue already secured, we have established a strong starting
point for 2014 and still have time to add to the records before year-end."
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/1745067/587299.pdf
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originality of the information contained therein.
Source: SinterCast via Thomson Reuters ONE
[HUG#1745067]
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2013 - 09:01 Uhr
Sprache: Deutsch
News-ID 319473
Anzahl Zeichen: 4032
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Record series production in October"
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