SinterCast: Doosan Infracore Co., Ltd adopts SinterCast-CGI technology for heavy-duty diesel engine development and production
SinterCast: Doosan Infracore Co., Ltd adopts SinterCast-CGI technology for heavy-duty diesel engine development and production Doosan Infracore Co., Ltd, Korea's largest manufacturer of construction equipment and diesel engines, has entered into a technology supply agreement with the Swedish process control specialist SinterCast for Compacted Graphite Iron (CGI) product development leading toward series production. Under the terms of the agreement, a SinterCast Mini-System 2000 will be installed at the CASKOD Ltd foundry, an independently owned and operated iron foundry located within the grounds of the Doosan manufacturing facility in Incheon, Korea. The Mini-System 2000 installation will enable Doosan to finalise the development of a new high-performance heavy-duty diesel engine based on a SinterCast-CGI cylinder block. The Mini-System 2000 installation will also allow the CASKOD foundry to independently optimise its CGI production process in parallel with the ongoing development of other high-volume SinterCast-CGI cylinder block and head programs for EURO IV on-road applications. Dr Steve Dawson, President & CEO of SinterCast said: "The Doosan agreement represents the fourth installation of our new Mini-System 2000 product worldwide, and our second CGI technology supply agreement in the rapidly growing Korean automotive industry. The Doosan commitment reinforces the trend toward CGI in the heavy-duty diesel sector, for both on-road and off-road applications. With an initial value of approximately 1 MSEK, and EURO IV series production opportunities in the future, the Doosan agreement further increases SinterCast's global leadership position and the overall growth opportunity in our core cylinder block and head markets." Stockholm, 3 May 2006 For more information contact: Dr. Steve DawsonPresident & CEOSinterCast AB (publ)Box 10203SE-100 55 StockholmSwedenTel:+46 8 660 7750Fax:+46 8 661 7979e-mail:steve.dawson@sintercast.comwebsite:www.sintercast.com Doosan Infracore is Korea's largest manufacturer of construction equipment, industrial vehicles, diesel engines and defense products, with operations throughout Korea and dealer networks in over 90 counties. During 2005, Doosan Infracore acquired the assets of Daewoo Heavy Industries and Machinery Ltd (DHIM), including the DHIM manufacturing facility in Incheon, Korea, where the CASKOD foundry is located. CASKOD Ltd is an independently owned and operated iron foundry company that was formerly a part of the Daewoo group (CASting KOrea Daewoo Ltd). The CASKOD foundry has an annual production capacity of 30,000 tonnes of shipped castings, primarily for diesel engine cylinder blocks and heads in the range of 15-350 kg per piece. SinterCast (Stockholm Stock Exchange 'Stockholmsbörsen' O-List: SINT) is the world's leading supplier of on-line process control technology for the reliable high volume production of Compacted Graphite Iron. SinterCast's technology agreements now encompass a total of 29 foundries in 14 different countries that account for over 45% of the world production capacity for cast iron cylinder blocks and heads. SinterCast's foundry Customers also produce a variety of other automotive and non-automotive components, with casting weights ranging from 4 kg to 17 tonnes. END The news release can be downloaded from the following link:Attachment: News release (PDF)Text version / Internet version / Print / Close