Series production breaks two million Engine Equivalent milestone
(Thomson Reuters ONE) -
* Series production reaches all-time high of 2.2 million Engine Equivalents in
March
* Increased contribution from petrol engines and commercial vehicles
* 18% year-on-year growth in first quarter series production
[Stockholm, 14 April 2015] - Building on continued strong demand for passenger
vehicle diesel engines, increased ramp-up of passenger vehicle petrol engines,
and continued growth of commercial vehicle cylinder blocks and heads,
SinterCast's annualised series production surpassed the two million Engine
Equivalent milestone in March. Annualised series production for the month
reached 2.2 million Engine Equivalents, providing average annualised production
of 2.0 million Engine Equivalents for the first quarter. The increase
represents 18% growth compared to the first quarter of 2014, and provides an
average compounded annual growth rate of 18% since 2007. Sampling Cup shipments
for the first quarter reached 40,500 units, marking the second highest quarter
for Sampling Cup shipments in SinterCast's history.
"We have been hovering around the two million milestone, with five of the last
seven months reaching 1.9 million Engine Equivalents. Now, with the accelerated
ramp of the Ford 2.7 litre V6 petrol engine in North America and the continued
growth of European commercial vehicle programmes, we have solidly cracked the
two million barrier. Together with the three new installations announced during
the first quarter, the record series production provides a strong start to
2015" said Dr. Steve Dawson, President & CEO of SinterCast. "From the start of
our first cylinder block production in 1999, we needed eleven years to break the
one million Engine Equivalent barrier. Now, we have cracked the two million
barrier in less than five years, and our sights are set on three million."
For more information:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
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 size, weight, noise and emissions. With 42 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
END
Press Release PDF :
http://hugin.info/1205/R/1910609/681577.pdf
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Source: SinterCast via GlobeNewswire
[HUG#1910609]
Unternehmensinformation / Kurzprofil:
Datum: 14.04.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 385401
Anzahl Zeichen: 4231
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Series production breaks two million Engine Equivalent milestone"
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