SinterCast posts record series production

Report this content

                        
  * Annualised series production of 1.65 million Engine Equivalents
  * Start of series production of two new commercial vehicle programmes
  * Pre-production of first CGI petrol engine continues according to schedule

[Stockholm,  10 July 2013] -  With increasing  contributions from all automotive
engine  sectors, SinterCast posted record  annualised series production of 1.65
million  Engine  Equivalents  in  the  second  quarter  of 2013.  The production
surpasses the previous record of 1.6 million Engine Equivalents set in the first
quarter  of 2012 and represents  an increase of  more than 35% since  the end of
2012.  The  second quarter production was buoyed by continued strong performance
of  the Audi and Ford V-diesels in Europe and by the ramp up of the VM Motori V-
diesel in preparation for the start of showroom sales of the Jeep Grand Cherokee
SUV  and the Ram  1500 light duty pick-up  in the US.   Commercial vehicles also
contributed to the increase, with the continued recovery of the Navistar 13L Big
Bore  cylinder block in the US and by  the start of series production of two new
heavy  duty  cylinder  blocks  for  separate,  but  as yet undisclosed, European
commercial   vehicle   manufacturers.    The  record  production  also  includes
contributions  from the ongoing  pre-production of the  first CGI petrol engine,
which  remains on schedule for the start  of series production during the second
half of the year.

"Second  quarter production was strong  and stable, with each  of April, May and
June  finishing  above  the  previous  record of 1.6 million Engine Equivalents,
reinforcing  the ability of  the current series  production programmes to exceed
two million Engine Equivalents at mature volume" said Dr Steve Dawson, President
&  CEO of SinterCast.  "After a difficult  period for commercial vehicles in the
second  half  of  2012, it  is  particularly  rewarding  to  see recovery in the
established  truck programmes and the start of  production of two new heavy duty
cylinder  blocks during the  second quarter.  The  improvement on the commercial
vehicle  side,  together  with  recent  increases  in field trials, installation
negotiations  and consumable shipments,  provides a positive  foundation for the
second half of the year."


Dr Steve Dawson

President & CEO

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,
Maserati,  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

                                      END

Documents & Links