Teksid orders second SinterCast installation
(Thomson Reuters ONE) -
* Mini-System 3000 to be installed at Teksid Funfrap foundry, Portugal
* Ongoing product development of passenger vehicle engine components
* Planned upgrade to System 3000 Plus for series production
[Torino, Aveiro and Stockholm, 27 July 2015] - Building on the technical
agreement established between the Teksid group and SinterCast in 2002, Teksid
has ordered a second process control system for product development of Compacted
Graphite Iron. Under the terms of the agreement, SinterCast will install a
Mini-System 3000 process control system at the Teksid Funfrap foundry in Aveiro,
Portugal. The installation is planned to be commissioned during the third
quarter and will be used to support ongoing product development of passenger
vehicle cylinder blocks and other engine components. In anticipation of future
series production, Teksid will construct the CGI infrastructure and develop the
process flow to be compatible with a planned upgrade to a fully automated System
3000 Plus installation.
"The installation of the SinterCast technology in our Funfrap foundry marks
another important step for the Teksid group as a leading provider of technology,
components and solutions to the passenger vehicle, commercial vehicle and
industrial power industries" said Dr Riccardo Tarantini, President & Chief
Executive Officer of Teksid S.p.A. "As the global CGI market continues to grow,
we are pleased to invest in the latest CGI process control advances to provide
our customers with class-leading CGI capability. We remain committed to
establishing Teksid as one of the leading suppliers of CGI to the global
automotive industry."
"SinterCast is pleased to have supported Teksid since 2002, conducting product
development trials in Europe, North America and South America, and installing
our automated System 3000 technology at the Teksid Hierro foundry in Mexico. It
is rewarding that this support has provided the confidence for Teksid to extend
its SinterCast-CGI installation base to include the Funfrap foundry in Portugal"
said Dr Steve Dawson, President & CEO of SinterCast. "We look forward to
supporting Teksid's product development and series production to broaden the
supply, awareness and confidence of CGI around the world. Repeat business is
the strongest endorsement of any technology, and one of our core objectives."
Dr Riccardo Tarantini Dr Steve Dawson
President & Chief Executive Officer President & CEO
Teksid S.p.A SinterCast AB (publ)
Tel: +39 0161 845 544 Tel: +46 8 660 7750
e-mail: tarantini(at)teksid.com e-mail: steve.dawson(at)sintercast.com
Teksid S.p.A, a member of the FCA Group and one of the largest foundry companies
in the world, operates iron foundries in Brazil, China, Poland, Portugal and
Mexico and two aluminium foundries in Italy and Brazil. The production of iron
components such as cylinder blocks and heads, exhaust manifolds, crankshafts,
camshafts and suspension components is primarily destined for Chrysler, Cummins,
Deutz, Fiat, Iveco, Opel and Renault. Teksid has annual sales of approximately
USD 900 million and employs approximately 7,000 people. For more information:
www.teksid.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 43 installations in 13 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/1940513/701045.pdf
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Source: SinterCast via GlobeNewswire
[HUG#1940513]
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2015 - 08:02 Uhr
Sprache: Deutsch
News-ID 409184
Anzahl Zeichen: 5595
contact information:
Town:
Stockholm
Kategorie:
Business News
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