Teksid orders third SinterCast installation
- SinterCast System 3000 Plus to be installed at Teksid do Brasil
- Development of passenger vehicle, commercial vehicle and industrial power components
- Teksid CGI production capability in Europe, South America and North America
[Torino, Belo Horizonte and Stockholm, 6 November 2015] - The Teksid group has ordered a third SinterCast process control system, establishing itself as the first foundry group with Compacted Graphite Iron production capability on three continents. Under the terms of the agreement, a SinterCast System 3000 Plus process control system will be installed at the Teksid do Brasil foundry located in Belo Horizonte, Brasil. The installation is planned to be commissioned during the first quarter of 2016 and will initially be used to support product development of passenger vehicle, commercial vehicle and industrial power components. In order to support future plans for high volume series production, Teksid do Brasil opted for the System 3000 Plus technology, providing automatic base treatment by cored wire, the patented SinterCast thermal analysis, and automatic feedforward optimisation of magnesium and inoculant prior to casting.
"The installation of the SinterCast technology at our Belo Horizonte foundry reinforces the global standing of Teksid as a leading provider of technology, components and solutions to the passenger vehicle, commercial vehicle and industrial power industries" said Dr Riccardo Tarantini, President & Chief Executive Officer of Teksid S.p.A. "With SinterCast-CGI capability in our foundries in Brasil, Mexico and Portugal, Teksid is uniquely positioned with the ability to offer regional support for the CGI series production needs of our worldwide customer base."
"The Teksid do Brasil installation marks the sixth commitment for our System 3000 Plus technology. Introduced in 2012, the System 3000 Plus provides the highest level of automation, productivity and process security for high volume series production" said Dr Steve Dawson, President & CEO of SinterCast. "The Teksid commitment also marks our sixth installation commitment of 2015, tying the record for new installations set in 2011 and 2013. The recent increase in installation activity is a clear indication of the increased demand for Compacted Graphite Iron and we appreciate Teksid's initiative to grow the global footprint for the supply of high quality CGI components."
|Dr Riccardo Tarantini||Dr Steve Dawson|
|President & Chief Executive Officer||President & CEO|
|Teksid S.p.A||SinterCast AB (publ)|
Teksid S.p.A, a member of the FCA Group and one of the largest foundry companies in the world, operates iron foundries in Brasil, China, Mexico, Poland and Portugal and two aluminium foundries in Brasil and Italy. The production of iron components such as cylinder blocks and heads, exhaust manifolds, crankshafts, camshafts and suspension components is primarily destined for Chrysler, Cummins, Deutz, Fiat, Iveco, Opel and Renault. Teksid has annual sales of approximately USD 900 million and employs approximately 7,000 people. For more information: www.teksid.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. With 44 installations in 13 countries, the SinterCast technology 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