SinterCast posts record series production in second quarter

  • Record annualised series production of 2.7 million Engine Equivalents in second quarter
  • First half production up 24% following two consecutive quarters of record production
  • Record Sampling Cup shipments in second quarter and for the first half of 2018

[Stockholm, 12 July 2018] – Annualised series production reached 2.7 million Engine Equivalents in the second quarter of 2018, surpassing the previous record of 2.5 million Engine Equivalents set in the first quarter. Following two consecutive quarters of record series production, year-on-year production is up 24% at the half-year point. The full-year outlook remains positive, benefitting from the anticipated start of production of a new high-volume in-line diesel engine for passenger vehicles in the third-quarter. Sampling Cup volume also established a new all-time high in the second quarter, with 68,800 Sampling Cups being shipped to customers. During the first half of the year, 101,300 Sampling Cups were shipped, providing a year-on-year increase of 64% and putting the company solidly ahead of pace to exceed the previous full-year high of 168,800 Sampling Cups set in 2016.

“Following the start of production of a handful of new niche volume programmes in the first quarter, plus the recovery of some key high volume programmes, series production reached the new all-time high of 2.8 million Engine Equivalents in both April and June. The continued growth during the second quarter validates the gains made in the first quarter, reinforcing the current level as our new normal” said Dr. Steve Dawson, President & CEO of SinterCast. “With two of the second quarter months at 2.8 million Engine Equivalents, the pending start of production of the high-volume in-line passenger vehicle diesel engine during the third quarter provides an exciting opportunity to reach the three million Engine Equivalent milestone before year-end.”

Series production continued to grow in the second quarter, reaching an annualised record of 2.7 million Engine Equivalents for the quarter. Two of the three months in the second quarter established a new monthly high of 2.8 million Engine Equivalents

For more information:

Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Office:   +46 150 794 40
Mobile:  +44 771 002 6342
e-mail:    steve.dawson@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 size, weight, noise and emissions. The SinterCast technology, with 45 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 supports the series production of components ranging from 2.7 kg to 9 tonnes, all using the same proven process control technology.  As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies a suite of tracking technologies, including the SinterCast Ladle Tracker®, Cast Tracker™ and Operator Tracker™, to improve process control, productivity and traceability in a variety of applications.  The SinterCast share is quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com

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