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Record series production in October


November 22, 2013 - London

  • Annualised series production reaches 1.8 million Engine Equivalents 

  • Year-on-year increase of 50% compared to the fourth quarter of 2012 

  • Potential for more than two million Engine Equivalents from current series production 

[Stockholm, 22 November 2013] - Buoyed by increased diesel demand in North America, increased commercial vehicle production in Europe, and continued pre-production of the first-ever CGI petrol engine, annualised series production reached a new all-time high of 1.8 million Engine Equivalents in October.  The current series production represents a year-on-year 50% increase compared to the annualised volume of 1.2 million Engine Equivalents during the fourth quarter of 2012, and a 38% increase compared to the first quarter of 2013.  Many of the current series production programmes are still in the ramp up phase and provide the potential to exceed two million Engine Equivalents when mature volumes are reached.  Further growth will be realised as new series production programmes are formally launched, including the high volume petrol engine that is expected to provide a mature volume of more than 350,000 Engine Equivalents.

"Beyond our previously announced record of 1.65 million Engine Equivalents achieved during the second quarter, October's production provides another clear step toward the two million Engine Equivalent milestone" said Dr Steve Dawson, President & CEO of SinterCast.  "With record series production and record installation revenue already secured, we have established a strong starting point for 2014 and still have time to add to the records before year-end."

For more information:

Dr Steve Dawson
President & CEO
Tel: +46 8 660 7750
e-mail: steve.dawson@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. The SinterCast technology is used for the production of more than 50 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 Allen Diesels, Aston Martin, Audi, Cameron Compression, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation Systems, General Motors, Hyundai, Jaguar, Jeep, Kia, Lancia, Land Rover, MAN, Maserati, Navistar, Porsche, PSA Peugeot-Citroën, Renault-Nissan, Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com

END

Press Release PDF



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Source: SinterCast via Thomson Reuters ONE

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