First Automobile Works (FAW) China Adopts SinterCast Process Control Technology
* FAW Foundry Co., Ltd. agrees to install SinterCast Mini-System 3000
* First ever installation of third generation SinterCast System 3000
technology
* CGI product development for Chinese passenger vehicles and commercial
vehicles
[Stockholm, 12 January 2010] - FAW Foundry Co., Ltd., the foundry research and
development branch within the China FAW Group Corporation, has entered into a
long-term agreement with the Swedish process control specialist SinterCast for
the use of the SinterCast process control technology for the production of
Compacted Graphite Iron (CGI). Under the terms of the agreement, a SinterCast
Mini-System 3000 will be installed at the FAW Foundry Co., Ltd. R&D foundry
located in Changchun, China. The Mini-System 3000 will be used to support CGI
product development throughout the FAW Group, spanning a full range of vehicle
applications, including passenger vehicles, light-duty and heavy-duty commercial
vehicles, and busses. The Mini-System 3000 will be designed to facilitate
transport to any of the series production foundries within the FAW Group to
support specific CGI product development activities. The Mini-System 3000
installation provides the FAW Group with the capability to independently conduct
CGI product development leading toward series production.
"As the largest vehicle manufacturer in China, FAW has taken the initiative to
become the first Chinese OEM to adopt the SinterCast technology as part of its
overall strategy to develop and produce state-of-the-art engines that meet the
stringent Euro-style emissions legislation that has been adopted in China, and
to satisfy consumer demand for improved performance, refinement and fuel
efficiency" said Dr. Steve Dawson, President & CEO of SinterCast. "SinterCast
has successfully supported the high volume series production of Compacted
Graphite Iron exhaust components in China since 2007. This experience, together
with the local support provided by our office based in Shanghai, has given
SinterCast a strong and respected presence in the Chinese foundry and automotive
communities. We look forward to building upon our market presence in China, as
one of the key growth areas for SinterCast and CGI."
For more information, please contact:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
e-mail: steve.dawson@sintercast.com <mailto:steve.dawson@sintercast.com>
Founded in 1953, China FAW Group Corporation (www.faw.com <http://www.faw.com/>)
was established as China's first integrated vehicle producer and remains China's
leading manufacturer of passenger vehicles and commercial vehicles, with annual
sales in excess of one million vehicles per year. FAW currently employs over
133,000 people around the world and sells its vehicles in more than 70
countries. China FAW Group Corporation collaborates with world leaders for
vehicle development, production and sales, including Audi AG, Ford Motor
Company, Hyundai Motor Company, Mazda Motor Company, Toyota Motor Corporation
and Volkswagen AG. FAW Foundry Co., Ltd. is a part of the China FAW Group R&D
organisation, the largest automotive R&D organisation in China, and China's
leader in passenger vehicle and commercial vehicle research.
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. SinterCast produces a variety of 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 Aston
Martin, Audi, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General
Electric Transportation Systems, General Motors, Hyundai, Navistar, Jaguar, Kia,
Land Rover, MAN, MAN Diesel, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce
Power Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast
share is quoted on the Small Cap segment of the Nordic Exchange, Stockholm
(Stockholmsbörsen: SINT).
END