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SinterCast momentum continues in April and May

08:00 / 24 May 2018 SinterCast Press release

  • Record annualised series production of 2.8 million Engine Equivalents in April
  • January-to-April series production 30% ahead of previous year
  • Scania orders SinterCast Cast Tracker™ installation in May

[Stockholm, 24 May 2018] - Following record annualised production of 2.7 million Engine Equivalents in March, series production continued to increase in April, reaching an all-time monthly high of 2.8 million Engine Equivalents. With consecutive records in March and April, the annualised year-to-date production for the first four months of 2018 stands at 2.6 million Engine Equivalents, providing a 30% year-on-year increase. In parallel with the growth in series production, Sampling Cup shipments also increased, setting a new monthly record of 29,400 units in April, corresponding to a 61% increase in year-to-date shipments.

The positive momentum continued into May with the Scania foundry in Södertälje, Sweden, ordering an installation of the SinterCast Cast Tracker™ technology. The order follows a successful on-site trial since the autumn of 2017. The scope of the initial order includes tracking of the moulds from sand filling through to core setting, with five different measurement positions to trace the mould manufacturing process and to correlate sand properties to the mould identification. The installation is planned to be finalised during the third quarter and will be used for both grey iron and Compacted Graphite Iron (CGI) production. Discussions are ongoing to expand the functionality to include traceability of the core production.

"With the start of production of a handful of new programmes in 2018, plus the recovery of some key high volume programmes, our production has increased by approximately 25% and established a `new normal' for our series production baseline. The increased production puts us solidly on track to return to double-digit series production growth this year, while the planned roll-out of new SinterCast-CGI programmes reaffirms our confidence for a positive outlook well beyond 2018" said Dr. Steve Dawson, President & CEO of SinterCast. "The installation outlook also remains positive, following the completion of the Mini-System 3000 installation at Sanlian Casting in May and the tracking orders from Tupy and Scania. The Scania commitment to the initial Cast Tracker installation, together with the second Ladle Tracker installation at Tupy, confirms the value of these technologies and provides important running references to promote further applications."

For further information please contact:

Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Office:   +46 150 794 40
Mobile:  +44 771 002 6342
e-mail:    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 size, weight, noise and emissions. The SinterCast technology, with 45 installations in 13 countries, 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 supports the series production of components ranging from 2.7 kg to 9 tonnes, all using the same proven process control technology.  As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies a suite of tracking technologies, including the SinterCast Ladle Tracker®, Cast Tracker™ and Operator Tracker™, to improve process control, productivity and traceability in a variety of applications.  The SinterCast share is quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com

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