* Mini-System 3000 to be installed at Dongfeng Technology Centre
* Product development for commercial vehicle cylinder blocks and heads
* Continued growth in Asia, with fifteen installations in China, Japan and
Korea
[Stockholm, 7 January 2015] - Dongfeng Commercial Vehicle Co., Ltd., one of
China's leading truck brands and China's largest heavy duty truckmaker, has
entered into a technology supply agreement with the Swedish process control
specialist SinterCast for Compacted Graphite Iron (CGI) product development.
Under the terms of the agreement, a SinterCast Mini-System 3000 will be
installed at the Dongfeng Technology Centre's R&D foundry located in Shiyan
City, China. The Mini-System 3000, which is planned to be shipped during the
first quarter of 2015 and installed during the second quarter, will enable
Dongfeng Trucks to independently develop high quality CGI cylinder blocks and
heads. SinterCast will also provide technical support for the establishment of
robust CGI production procedures and for CGI product development.
"This order marks our ninth installation in China and our fifteenth installation
in Asia, broadening our presence and brand awareness, and increasing our
opportunity to support the future series production needs of the important Asian
market" said Dr Steve Dawson, President & CEO of SinterCast. "Asia currently
accounts for 15 of our 40 installations, but it is even more significant to note
that 10 of our last 20 installations have been secured in China, Japan and
Korea. We will continue to focus on increasing our installed base and promoting
new CGI product applications in order to grow the total market opportunity."
For more information:
Dr Steve Dawson
President & CEO
Tel: +46 8 660 7750
e-mail: steve.dawson@sintercast.com
Established in 1969, Dongfeng Trucks is one of China's leading truck brands with
a product range that covers heavy and medium duty trucks for demanding
operations in long haul, regional and local distribution and for tough mining
and off-road operations. Dongfeng Trucks has its own R&D and production
resources in China and is establishing global sales and service networks.
Dongfeng Commercial Vehicle Co., Ltd., established a joint venture with AB Volvo
in 2013 making the partnership the world's largest producer of heavy duty
commercial vehicles. For more information: www.dfcv.com.cn/Index_en.aspx
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 40 installations in 12 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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