YTO Group adopts SinterCast technology for Compacted Graphite Iron Product Development
Press Release
For Immediate Distribution
* SinterCast Mini-System 3000 installation during third quarter of 2012
* Extended Technical Service Agreement established for best practice CGI
production
* Product development for agriculture and industrial power engine
applications
[Stockholm, 2 July 2012] - YTO Group Corporation, also known as China First
Tractor Works, the leading supplier of tractors and harvesters in China with
more than 75% of the Chinese market share for large tractors, has entered into a
technology supply agreement with the Swedish process control specialist
SinterCast for the development of Compacted Graphite Iron (CGI) products and
series production processes. Under the terms of the technology supply
agreement, SinterCast will install a Mini-System 3000 process control system and
related hardware to the YTO Group foundry located in Louyang, China. Following
the commissioning of the control system during the third quarter of 2012,
SinterCast will also provide extended technical support for up to two years to
ensure a successful CGI product development phase and to establish a robust CGI
series production process.
"This agreement with YTO marks our fourth installation in the important Chinese
market and provides an opportunity to establish a new benchmark in the global
agricultural sector" said Dr Steve Dawson, President & CEO of SinterCast.
"Approximately 10% of SinterCast's current series production volume is derived
from components other than automotive cylinder blocks and heads. We look
forward to supporting the CGI product development activities at YTO, leading
toward series production, and increasing our presence in the agricultural and
industrial power industries."
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
e-mail: steve.dawson@sintercast.com
Founded in 1955, YTO Group Corporation, also known as China First Tractor Works,
manufactures and supplies agricultural machinery, construction machinery, power
machinery, vehicles, mobile power stations and diesel engines. YTO was the first
producer of tractors, road rollers, and cross-country trucks in China and
currently commands more than 75% of China's large tractor market. The YTO brand
has been awarded China's Top Brand and its products are now sold in more than
100 countries and regions around the world. For more information:
www.yto.com.cn
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 40 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, Jaguar, Kia, Land Rover, MAN, Navistar, Porsche, PSA Peugeot-Citroën,
Renault, Rolls-Royce Power Engineering, Scania, Toyota, Volkswagen, VM Motori,
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