NovaCast receives 22 MSEK order from Magna - order book now in excess of 100 MSEK.

NovaCast receives 22 MSEK order from Magna - order book now in excess of
100 MSEK.

NovaCast group subsidiaries Camito AB and SwePart Verktyg AB have
together received an order in the level of 22 MSEK from Magna Heavy
Stamping in Austria. The order includes approximately 6 die sets for the
production of car body parts. Some of the dies will be produced using
the patented Camito technology.  The dies will be used in Magna's
production of details for a new car model from one of the world's
leading automotive groups.

This is the second large order from Magna within one year. An order
worth approximately

30 MSEK was received in August 2009.The order, which consisted of
approximately 30% Camito dies, has been delivered.

 

In May 2010 Magna Heavy Stamping approved the NovaCast group, with its
two subsidiaries,Camito and SwePart Verktyg as approved supplier. This
approval gives the NovaCast companies the  “green light” in all Magna
purchase and supply organisations and possible access to a number of
production units throughout the world. The approval includes both Camito
dies and traditional dies. The order received now is the first after the
formal approval.

 

Magna Heavy Stamping, located in Albersdorf/Austria, is Magna's largest
heavy stamping plant in Europe. Magna International is considered one
the world's leading suppliers to the global automotive industry and it
has grown considerably over a ten-year period. Their turnover in 1997
was 5 billion USD and in 2008 it was close to 24 billion USD. Magna has
over 90,000 employees in 242 manufacturing operations and 76 product
development and engineering centers in 25 countries.

 

For further information from NovaCast contact Hans Svensson, CEO
NovaCast Technologies AB, +46 705 652 250.

  www.novacast.se (http://www.novacast.se/)                             
          

  

NovaCast Technologies, listed on the NASDAQ OMX Stockholm Small Cap list
(NCAS B), develops and markets enhanced castings for the production of
car body parts, as well as software for methoding, simulating and
process control for more efficient production processes to the global
automotive industry and its subcontractors. With the Camito technology
enhanced castings are manufactured in one solid piece for the production
of dies for forming and stamping automotive body components in a
considerably shorter time than traditional dies. Through die
manufacturer SwePart Verktyg the group has expertise within the whole
value chain for the production and sales of stamping dies.