[Stockholm, 8 October 2021] – Annualised series production in September increased to 3.6 million Engine Equivalents, becoming the third highest month in SinterCast history, only surpassed by September and October 2019, at 3.9 million and 3.7 million Engine Equivalents, respectively.
Series production remained strong throughout the third quarter, with many customers maintaining production during the traditional summer shutdown period to meet the market demand. July production amounted to 3.0 million Engine Equivalents, marking only the second time that July reached the three million threshold. Ultimately, series production for the third quarter finished at 3.2 million Engine Equivalents, equalling the second quarter and corresponding to the joint third highest quarters in SinterCast history.
“Beyond the positive series production, the third quarter also marked the formal completion of the System 4000 installations at the Scania foundry in Sweden and at the FAW foundry in China, plus the installation of a Mini-System 4000 for CGI product development at a new foundry in Asia” said Dr Steve Dawson, President & CEO. “The remaining months of 2021 provide a busy outlook, with several annual service visits that have been delayed due to travel restrictions; a System 4000 installation at the Impro foundry in Mexico; and, a Ladle Tracker installation at the Hyundai foundry in Korea. These activities provide the opportunity for a strong finish, followed by a positive outlook for a significant increase in series production during 2022.”
For more information:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
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 is 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 agriculture, 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 the SinterCast Ladle Tracker® and SinterCast Cast Tracker® technologies, to improve process control, productivity and traceability in a variety of applications. With 55 installations in 14 countries, SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com
This press release contains information SinterCast AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the President & CEO Dr. Steve Dawson, at 14:45 CET on 8 October 2021.
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