Press Release
For Immediate Distribution
First Automobile Works (FAW) China
Orders Second SinterCast Process Control System
* FAW Foundry Co., Ltd to install SinterCast Mini-System 3000 at Foundry
Research Institute
* First Mini-System 3000 transferred to Wuxi Foundry of FAW Foundry Co., Ltd
to support FAW Wuxi Diesel Engine Company
* Ongoing CGI product development for passenger vehicles and commercial
vehicles
[Stockholm, 20 October 2011] - Following the installation of a SinterCast Mini-
System 3000 process control system at the Foundry Research Institute of FAW
Foundry Co., Ltd., in early 2010, FAW Foundry Co., Ltd has ordered a second
Mini-System. The order follows the transfer of the first Mini-System 3000 to
Wuxi Foundry to support ongoing CGI product development for heavy duty diesel
engine components for FAW's Wuxi Diesel Engine Company. As a result of positive
development results, the FAW Foundry group has decided to keep the Mini-System
3000 at the Wuxi Foundry and to install a new Mini-System 3000 at its Foundry
Research Institute located in Changchun, China. The new Mini-System 3000 will
be used to support CGI product development within the FAW Group, spanning a full
range of vehicle applications, including passenger vehicles, light-duty and
heavy-duty commercial vehicles, and buses. The order enables FAW to
independently conduct CGI product development, and makes FAW the first
automobile group in the world to install two SinterCast Mini-System 3000 process
control systems.
"As the largest automobile manufacturer in China, with production of more than
2.5 million vehicles per year, FAW has established itself as the Chinese market
leader for CGI product development" said Dr. Steve Dawson, President & CEO of
SinterCast. "Building on our successful high volume production of Compacted
Graphite Iron exhaust components in China since 2007, and the local presence
provided by our offices based in Shanghai and Beijing, we look forward to
increasing our support of the Chinese foundry and automotive industries as one
of the key growth areas for SinterCast and CGI."
For more information, please contact:
Dr. Steve Dawson
President & CEO
SinterCast AB (publ)
Tel: +46 8 660 7750
e-mail: steve.dawson@sintercast.com
Founded in 1953, China FAW Group Corporation (www.faw.com) was established as
China's first integrated vehicle producer and remains China's leading
manufacturer of passenger vehicles and commercial vehicles, with annual sales in
excess of two million vehicles per year. FAW currently employs over 133,000
people around the world and sells its vehicles in more than 70 countries. China
FAW Group Corporation collaborates with world leaders for vehicle development,
production and sales, such as the joint-venture partners, Audi AG, Ford Motor
Company, Hyundai Motor Company, Mazda Motor Company, Toyota Motor Corporation
and Volkswagen AG. FAW Foundry Co., Ltd. is an independent subsidiary of the
China FAW Group, supporting the development of new casting products in addition
to the core products: cylinder heads and blocks. China FAW Group is China's
leader in passenger vehicle and commercial vehicle research and development and
its automotive R&D organisation is the largest in China.
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 weight, noise and emissions. The SinterCast technology is used for the
production of more than 46 CGI components, ranging from 2 kg to 17 tonnes, all
using the same proven process control technology. The end-users of SinterCast-
CGI components include Aston Martin, Audi, Caterpillar, Chrysler, DAF Trucks,
Ford, Ford-Otosan, General Electric Transportation Systems, General Motors,
Hyundai, Jaguar, Jeep, Kia, Land Rover, MAN, Navistar, Porsche, PSA Peugeot-
Citroën, Renault, Rolls-Royce Power Engineering, Scania, Toyota, VM Motori,
Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the
Small Cap segment of the NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For
more information: www.sintercast.com
END
Press Release
[HUG#1553531]
First Automobile Works (FAW) China Orders Second SinterCast Process Control System
| Source: SinterCast AB