SinterCast secures process control contract for new purpose-built Compacted Graphite Iron foundry in China
* Greenfield foundry with initial capacity for 300,000 Engine Equivalents per
year
* System 3000 Plus to be commissioned during second quarter of 2014
* Series production expected to begin during 2014
[Stockholm, 16 January 2014] - One of China's largest automotive component
conglomerates has entered into a long term technology supply agreement with the
Swedish process control specialist SinterCast for the production of Compacted
Graphite Iron (CGI) engine components. Under the terms of the agreement,
SinterCast will install a System 3000 Plus process control system at the
company's new purpose-built CGI foundry in China. SinterCast will also supply
the mechanical infrastructure for the cored-wire base treatment and correction
operations and will provide technical support during the installation and start
of production. The System 3000 Plus will be commissioned at the greenfield
foundry during the second quarter of 2014. Series production is expected to
begin during 2014, with an initial capacity of approximately 300,000 Engine
Equivalents per year for commercial vehicle, off-road and stationary power
engine applications.
"This new foundry is the world's first purpose-built CGI facility and has been
designed from a clean sheet of paper, taking advantage of the latest technology
in every aspect of the foundry process" said Dr. Steve Dawson, President & CEO
of SinterCast. "The installation becomes the fifth commitment for our new
System 3000 Plus technology, incorporating automatic base treatment together
with the security of SinterCast's patented measure-and-correct process control
strategy. The order also marks SinterCast's seventh installation commitment in
China, following our strongest ever year for installations, and providing a
running start to our 2014."
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 Allen Diesels, 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-Nissan,
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