Impro Industries adopts SinterCast technology for industrial power export production
August 25, 2014 - London
· Mini-System 3000 to be installed at Impro Industries foundry in China
· Series production of industrial power engine components for the export market
· Continued growth in Asia, with fourteen installations in China, Japan and Korea
[Stockholm, 25 August 2014] - Following successful product development and product validation, Impro Industries (Yixing) Company, Ltd. has acquired a SinterCast licence in preparation for the start of series production of Compacted Graphite Iron (CGI) industrial power components.Under the terms of the agreement, SinterCast will supply a Mini-System 3000 process control system and will provide engineering support to establish a robust process for the production of CGI components conforming to the international ISO 16112 standard.The SinterCast installation will enable Impro Industries, which specialises in heavy-duty and industrial power castings, to produce CGI components for the export market at its foundry in Yixing, Shiangsu, China.The Mini-System 3000 will be shipped during August 2014 and is planned to be commissioned during the fourth quarter of 2014.Initial series production is expected to begin before year-end.
"This agreement marks our eighth installation in China and our fourteenth installation in the important Asian market, broadening our presence and brand awareness, and providing new opportunities to increase our production of components in the industrial power sector" said Dr Steve Dawson, President & CEO of SinterCast."Approximately 10% of SinterCast's current series production is derived from components other than automotive cylinder blocks and heads, and this installation reinforces the opportunity to maintain this contribution level as the core automotive market continues to grow.We look forward to supporting the series production launch of the first component destined for the export market, and to increasing our presence in the off-road, construction, agriculture, rail, marine and stationary power industries."
For more information:
|Dr. Steve Dawson|
|President & CEO|
|SinterCast AB (publ)|
|Tel:||+46 8 660 7750|
Impro Industries is one of China's leading producers of iron castings for high-horsepower and heavy-duty engine applications and of precision engineered components for the automotive, hydraulic, marine, aerospace and healthcare markets.Impro Industries produces a wide-range of sand cast and investment cast components and machined parts, offering solutions to the precision component needs of a wide variety of customers in the domestic and export markets.For more information: www.impro.com.hk
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 40 installations in 12 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: www.sintercast.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SinterCast via Globenewswire