SinterCast achieves record installation revenue in 2012
* New installations secured in China, Japan and Mexico
* System 3000 upgrade at the Teksid foundry in Mexico
* Expanded production base, with 11 of SinterCast's 32 installations in Asia
* Continued positive outlook for new installation commitments in 2013
[Stockholm, 10 December 2012] - Following the record of six new installations
set in 2011, the year-on-year installation revenue for 2012 is currently
estimated to increase by 14%, corresponding to a new record of SEK 9.0 million.
The increased revenue in 2012, despite fewer installations, is due the higher
technical content of the Mini-System 3000 installations in China and Japan and,
in particular, the first-ever installation of the System 3000 Plus technology at
the Tupy foundry in Saltillo, Mexico. Introduced at the 2012 AGM, the System
3000 Plus provides increased automation, production capacity, productivity and
process security. The new Tupy installation effectively provides the equivalent
content of two standard installations, in order to support the demand of the
largest-ever CGI series production order with more than 300,000 Engine
Equivalents per year and 9.2 hours of CGI production every day. The System 3000
Plus will be shipped to Mexico before year-end, for installation during the
first quarter and start of series production during 2013.
In addition to the three new installations, the Teksid group has ordered a full
refurbishment of its existing SinterCast process control system, for its foundry
in Monclova, Mexico, including an upgrade to the current System 3000 standard.
The upgrade has been ordered to support the preparation for series production
of commercial vehicle and industrial power cylinder head programmes that are
currently under development. An automated wirefeeder was also sold to a
European commercial vehicle OEM to increase the efficiency of ongoing product
development activities for heavy duty engines in the OEM's captive foundry.
"The increased installation activity in 2011 and 2012 has been motivated by
increased CGI product development in the passenger vehicle, commercial vehicle
and industrial power sectors - the foundries are responding to the needs of
their customers" said Dr Steve Dawson, President & CEO of SinterCast. "The
demand for CGI continues to grow and we are busier than ever with new
installation negotiations in Europe, Asia and the Americas. These ongoing
discussions provide the basis for a positive installation outlook for 2013."
For more information:
Dr Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
e-mail: steve.dawson@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 weight, noise and emissions. The SinterCast technology is used for the
production of more than 50 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, Cameron Compression, Caterpillar,
Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation
Systems, General Motors, Hyundai, Jaguar, Jeep, Kia, Lancia, Land Rover, MAN,
Navistar, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering,
Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast
share is quoted on the Small Cap segment of the NASDAQ OMX stock exchange
(Stockholmsbörsen: SINT). For more information: www.sintercast.com
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