Series production breaks three million Engine Equivalent milestone
- Production reaches all-time high of three million Engine Equivalents in February
- Increased contribution from passenger vehicle and commercial vehicle production
- First two months of 2019 provide 16% production increase compared to full-year 2018
[Stockholm, 12 March 2019] – Building on the start of production of the Cummins 6.7 litre in-line diesel engine for Ram Super Duty pick up applications, and continued growth of commercial vehicle cylinder blocks and heads, annualised series production surpassed the three million Engine Equivalent milestone in February. The annualised production of 3.0 million Engine Equivalents (150,000 tonnes) in February follows the production of 2.9 million Engine Equivalents in January. The average production for the first two months of the year represents a growth of 16% compared to the full-year 2018 production, and a compounded annual growth rate of approximately 14% since 2010.
“Together with the new installation orders received from Scania and from China Shipbuilding Industry Corporation in January, the record series production provides a strong start to our year, and puts us squarely on pace to meet our goal for double-digit growth again in 2019” said Dr. Steve Dawson, President & CEO of SinterCast. “From the start of our first cylinder block production in 1999, we needed eleven years to break the one million Engine Equivalent barrier and five years to crack the two million milestone. Now, we have reached the three million landmark in less than four years, and our sights are set on four million.”
For more information:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +44 771 002 6342
This press release contains information SinterCast AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the President & CEO Dr. Steve Dawson, at 16:00 CET on 12 March 2019.
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 is 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 agriculture, 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. With 52 installations in 14 countries, SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com