NovaCast subsidiaries SwePart Verktyg and Camito receive order for a large progressive tool from Finnveden Metal Structures in Olofström

NovaCast subsidiaries SwePart Verktyg and Camito receive order for a large
progressive tool from Finnveden Metal Structures in Olofström

SwePart Verktyg and Camito have received an order for a large progressive tool
from Finnveden Metal Structures. The order includes construction, production and
try-out. It also includes casting of traditional die shoes. “The order is
strategically important for deepening cooperation and strengthening
competitiveness for our customer with the unique complete concept that we offer
the market”, says Rolf Mastenstrand, CEO Camito.

The order includes completion of a progressive tool with a total weight of over
10 tonnes. Production of the complete die will be done by SwePart Verktyg and
CamitoTechnology Center, who will cast the die shoes. Delivery will take place
during the fall.

Finnveden Metal Structures produces products and components in steel, aluminium
and magnesium to the automotive sector and general industry.Their production
processes, pressing, die-casting and joining, are designed to ensure high
production efficiency, delivery precision and quality to their customers.
Finnveden Metal Structures has approximately 950 employees and an annual
turnover of approximately 1 400 MSEK. Further information about the group is
available on www.finnveden.com/fms.


NovaCast Technologies, listed on the OMX Nordic Exchange (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   stamping automotive body components in
a considerably shorter time than traditional dies. Through die manufacturer
SwePart the group has expertise within the whole value chain for the production
and sales of stamping dies.

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

More information is also available on www.novacast.se.