Teksid orders third SinterCast installation
(Thomson Reuters ONE) -
* SinterCast System 3000 Plus to be installed at Teksid do Brasil
* Development of passenger vehicle, commercial vehicle and industrial power
components
* Teksid CGI production capability in Europe, South America and North America
[Torino, Belo Horizonte and Stockholm, 6 November 2015] - The Teksid group has
ordered a third SinterCast process control system, establishing itself as the
first foundry group with Compacted Graphite Iron production capability on three
continents. Under the terms of the agreement, a SinterCast System 3000 Plus
process control system will be installed at the Teksid do Brasil foundry located
in Belo Horizonte, Brasil. The installation is planned to be commissioned
during the first quarter of 2016 and will initially be used to support product
development of passenger vehicle, commercial vehicle and industrial power
components. In order to support future plans for high volume series production,
Teksid do Brasil opted for the System 3000 Plus technology, providing automatic
base treatment by cored wire, the patented SinterCast thermal analysis, and
automatic feedforward optimisation of magnesium and inoculant prior to casting.
"The installation of the SinterCast technology at our Belo Horizonte foundry
reinforces the global standing of Teksid 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. "With SinterCast-CGI capability in our
foundries in Brasil, Mexico and Portugal, Teksid is uniquely positioned with the
ability to offer regional support for the CGI series production needs of our
worldwide customer base."
"The Teksid do Brasil installation marks the sixth commitment for our System
3000 Plus technology. Introduced in 2012, the System 3000 Plus provides the
highest level of automation, productivity and process security for high volume
series production" said Dr Steve Dawson, President & CEO of SinterCast. "The
Teksid commitment also marks our sixth installation commitment of 2015, tying
the record for new installations set in 2011 and 2013. The recent increase in
installation activity is a clear indication of the increased demand for
Compacted Graphite Iron and we appreciate Teksid's initiative to grow the global
footprint for the supply of high quality CGI components."
Dr Riccardo Tarantini Dr Steve Dawson
President & Chief Executive Officer President & CEO
Teksid S.p.A SinterCast AB (publ)
Teksid S.p.A, a member of the FCA Group and one of the largest foundry companies
in the world, operates iron foundries in Brasil, China, Mexico, Poland and
Portugal and two aluminium foundries in Brasil and Italy. 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 44 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/1958907/717237.pdf
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Source: SinterCast via GlobeNewswire
[HUG#1958907]
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2015 - 08:01 Uhr
Sprache: Deutsch
News-ID 432521
Anzahl Zeichen: 5528
contact information:
Town:
Stockholm
Kategorie:
Business News
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