SinterCast Series Production Exceeds One Million Engine Equivalents
(Thomson Reuters ONE) -
* Series production reaches all-time high of 1.1 million Engine Equivalents in
September
* Two consecutive months with more than one million Engine Equivalents
produced
* Year-on-year production increases by 120% compared to September 2009
[Stockholm, 12 October 2010] - Building on the continued ramp-up of high volume
series production programmes in Asia and the Americas, plus the launch of three
new engines since the start of 2010, SinterCast's annualised series production
has exceeded one million Engine Equivalents. Annualised series production in
August 2010 reached 1,050,000 Engine Equivalents and grew further to 1,100,000
Engine Equivalents (55,000 tonnes/year) in September, clearly demonstrating
stable series production in excess of the one million milestone. The series
production for September 2010 represents a 120% increase relative to the
production pace of 500,000 Engine Equivalents in September 2009, and an increase
of 47% compared to the pre-economic downturn high of 750,000 Engine Equivalents
established in September 2008.
"The primary contribution continues to come from Ford 6.7 litre V8 engine and
from the exhaust component production in China, where we will support the
production of more than one million castings this year. However, the launch of
the Navistar 6.4 litre V8, the Land Rover 4.4 litre V8 and the VM Motori 3.0
litre V6 engines during 2010 has also provided significant contributions to our
recent growth" said Dr. Steve Dawson, President & CEO of SinterCast. "With the
financial stability provided by the new share issue in 2009, the successful
exercise of the shareholder warrants, and our positive cashflow in the first
half of 2010, we look forward to building on our current position and continuing
to expand our leadership position in the market."
For more information, please contact:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
e-mail: steve.dawson(at)sintercast.com
Website: www.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. SinterCast produces a variety of 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 Aston
Martin, Audi, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General
Electric Transportation Systems, General Motors, Hyundai, Navistar, Jaguar, Kia,
Land Rover, MAN, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power
Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast share
is quoted on the Small Cap segment of the NASDAQ OMX stock exchange
(Stockholmsbörsen: SINT).
- END -
[HUG#1451081]
Press Release PDF:
http://hugin.info/1205/R/1451081/392258.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SinterCast via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.10.2010 - 09:00 Uhr
Sprache: Deutsch
News-ID 45109
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 174 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SinterCast Series Production Exceeds One Million Engine Equivalents"
steht unter der journalistisch-redaktionellen Verantwortung von
SinterCast (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
