Teksid orders second SinterCast installation

• Mini-System 3000 to be installed at Teksid Funfrap foundry, Portugal
• Ongoing product development of passenger vehicle engine components
• Planned upgrade to System 3000 Plus for series production

[Torino, Aveiro and Stockholm, 27 July 2015] - Building on the technical agreement established between the Teksid group and SinterCast in 2002, Teksid has ordered a second process control system for product development of Compacted Graphite Iron.  Under the terms of the agreement, SinterCast will install a Mini-System 3000 process control system at the Teksid Funfrap foundry in Aveiro, Portugal.  The installation is planned to be commissioned during the third quarter and will be used to support ongoing product development of passenger vehicle cylinder blocks and other engine components.  In anticipation of future series production, Teksid will construct the CGI infrastructure and develop the process flow to be compatible with a planned upgrade to a fully automated System 3000 Plus installation.

"The installation of the SinterCast technology in our Funfrap foundry marks another important step for the Teksid group as a leading provider of technology, components and solutions to the passenger vehicle, commercial vehicle and industrial power industries" said Dr Riccardo Tarantini, President & Chief Executive Officer of Teksid S.p.A.  "As the global CGI market continues to grow, we are pleased to invest in the latest CGI process control advances to provide our customers with class-leading CGI capability.  We remain committed to establishing Teksid as one of the leading suppliers of CGI to the global automotive industry."

"SinterCast is pleased to have supported Teksid since 2002, conducting product development trials in Europe, North America and South America, and installing our automated System 3000 technology at the Teksid Hierro foundry in Mexico.  It is rewarding that this support has provided the confidence for Teksid to extend its SinterCast-CGI installation base to include the Funfrap foundry in Portugal" said Dr Steve Dawson, President & CEO of SinterCast.  "We look forward to supporting Teksid's product development and series production to broaden the supply, awareness and confidence of CGI around the world.  Repeat business is the strongest endorsement of any technology, and one of our core objectives."

Teksid S.p.A, a member of the FCA Group and one of the largest foundry companies in the world, operates iron foundries in Brazil, China, Poland, Portugal and Mexico and two aluminium foundries in Italy and Brazil.  The production of iron components such as cylinder blocks and heads, exhaust manifolds, crankshafts, camshafts and suspension components is primarily destined for Chrysler, Cummins, Deutz, Fiat, Iveco, Opel and Renault.  Teksid has annual sales of approximately USD 900 million and employs approximately 7,000 people.  For more information: www.teksid.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 size, weight, noise and emissions. With 43 installations in 13 countries, the SinterCast technology is primarily used for the production of petrol and diesel engine cylinder blocks and exhaust components for passenger vehicles; medium-duty and heavy-duty cylinder blocks and heads for commercial vehicles; and, industrial power engine components for marine, rail, off-road and stationary engine applications. SinterCast's series production components range from 2 kg to 9 tonnes, all using the same proven process control technology.  The SinterCast share is quoted on the Small Cap segment of the Stockholm NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com

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