SinterCast Annual General Meeting 2016
(Thomson Reuters ONE) -
[Stockholm, 19 May 2016] - The SinterCast AB (publ) Annual General Meeting (AGM)
was held on 19 May 2016 in Stockholm. During the AGM, presentations were
provided by Dr Mark Jolly, Professor of Sustainable Manufacturing at Cranfield
University, and by Dr Steve Dawson, President & CEO. The recorded presentations
will be available on the SinterCast website on or before Tuesday 24 May.
Professor Jolly began his presentation by providing an introduction to Cranfield
University and an overview of his experience as a researcher in the cast iron
and aluminium foundry industries, and as a professor of sustainable
manufacturing. Professor Jolly introduced prior studies showing the energy
intensity and CO(2) emissions of aluminium production relative to cast iron, and
emphasised the importance of life cycle energy analysis, particularly in the
automotive industry. In particular, Professor Jolly noted that the production
of each kilogram of primary aluminium generates approximately 10 kg of CO(2);
approximately four times that of iron. Professor Jolly presented the outline of
a new project that is being conducted at Cranfield University to quantify the
energy consumption in each step of the cast iron and aluminium manufacturing
processes, from mining through to manufacturing, on-road use and recycling. The
Cranfield study focusses on the cylinder block because it is the single heaviest
component in most passenger vehicles. Professor Jolly plans to present the
conclusions of the Cranfield University project before the end of 2016, as an
input to decision makers in the automotive industry and to legislators, to
promote holistic solutions that can improve the environment.
During the CEO presentation, Dr Dawson presented an overview of recent market
activities and provided an outlook of SinterCast's potential market
development. Dr Dawson's presentation expressed continued confidence in the
market development, including the potential to secure production references in
the last of the Five Waves: in-line diesels for passenger vehicles. He also
stated that the milestone of three million Engine Equivalents can be achieved
with the programmes that are currently in series production plus the programmes
that are approved and slated for production at SinterCast's partner foundries.
Beyond the market development, Dr Dawson showed that the penetration of electric
vehicles is not expected to affect SinterCast's market development and he
presented the environmental contributions of engines with SinterCast-CGI
cylinder blocks. Dr Dawson also took the opportunity of the AGM to introduce
the new Ladle Tracker(TM) technology, reinforcing SinterCast as a market leader
in providing unique solutions that improve process control and productivity in
the foundry industry.
During the AGM, Hans-Erik Andersson, Aage Figenschou, Robert Dover, Laurence
Vine-Chatterton, Carina Andersson, Jason Singer and Steve Dawson were re-elected
as Board members. Hans-Erik Andersson was re-appointed as Chairman.
The AGM also decided upon the constitution of the Nomination Committee until the
next AGM, comprised of Karl-Arne Henriksson, Chairman, Andrea Fessler, Ulla-
Britt Fräjdin-Hellqvist and Hans-Erik Andersson.
All of the proposals presented to the AGM were approved by the shareholders.
For and on behalf of the Board of Directors:
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. The SinterCast technology, with 44
installations in 13 countries, 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:
http://www.sintercast.com
END
Press Release PDF :
http://hugin.info/1205/R/2013986/746576.pdf
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Source: SinterCast via GlobeNewswire
[HUG#2013986]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2016 - 18:23 Uhr
Sprache: Deutsch
News-ID 472450
Anzahl Zeichen: 5969
contact information:
Town:
Stockholm
Kategorie:
Business News
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