SinterCast Posts Record Series Production in First Quarter as Passenger Vehicle Sales Begin in North America
* March Series production reaches all-time high of over 900,000 Engine
Equivalents
* Ford Super Duty® pick-up trucks on sale in North American dealer showrooms
* Production of NavistarMaxxForce(TM) 7 engine contributes to volume increase
[Stockholm, 8 April 2010] - Following Ford's announcement of its all-new 6.7
litre V8 diesel engine during September 2009, sales of the 2011 F-Series pick-up
trucks have begun in North American dealer showrooms. The F-250, F-350, F-450
and F-550 vehicles establish a new benchmark as the first application of a
Compacted Graphite Iron (CGI) cylinder block in the high volume North American
pick-up truck sector. The lead-up to the sales launch was preceded by the start
of foundry production of the SinterCast-CGI cylinder block at the Tupy foundry
in Brazil during mid-2009, followed by a rapid ramp-up to enable a seamless
transition from the Model Year 2010 engine. The 6.7 litre Power Stroke V8 has
received consistently rave reviews from motoring journalists for exceptional
noise refinement, power, torque and fuel economy in excess of 26.5 mpg (<8.9
litres per 100 km), an improvement of 18-25% compared to the diesel engine
option in Ford's 2010 Super Duty(®) pick-ups. These accomplishments were
achieved while satisfying 2010 U.S. federal emissions regulations - the most
stringent NO(x) emissions requirements in the world.
"As the best selling pick-ups for more than 30 years, the Ford F-Series is an
ideal launching point for SinterCast and CGI in the North America pick-up truck
sector." said Dr. Steve Dawson, President & CEO of SinterCast. "The rapid
ramp-up of the Ford cylinder block production at the Tupy foundry in Brazil,
combined with increased exhaust component production at the Dashiang Precision
foundry in China and the start of production of the Navistar 6.4 litre V8 CGI
cylinder block at the Cifunsa foundry in Mexico has more than doubled
SinterCast's series production volume compared to the same period of 2009,
providing a stable annualised production rate of approximately 850,000 Engine
Equivalents (42,500 tonnes) throughout the first quarter. This volume surpasses
the previous annualised high of 750,000 Engine Equivalents set in September
2008, prior to the onset of the economic downturn."
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>
Website: www.sintercast.com <http://www.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. 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, 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