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SinterCast (STO:SINT) * Series production of turbocharger housings for Renault * High volume integrated exhaust manifold/turbocharger housing production for Volkswagen * Increased SinterCast-CGI production volumes in China
Da Shiang Precision Co., Ltd, a member of the Taiwanese Mei Ta Industrial group, has significantly increased series production of Compacted Graphite Iron (CGI) exhaust components using the Swedish SinterCast process control technology. The production of Silicon-Molybdenum (SiMo) alloyed CGI turbocharger housings began during autumn 2007, and the current annualised production rate has grown to more than 100,000 castings per year. The fully machined turbocharger housings are supplied to BorgWarner in Europe for assembly and ultimate use in Renault passenger vehicle applications.
In addition to the initial Renault production, Da Shiang Precision has received a high volume series production order for SiMo-CGI integrated exhaust manifold/turbocharger housings. These components will be delivered to both BorgWarner and Honeywell in Europe for assembly and ultimate use in Volkswagen passenger vehicles. Series production began during October 2008 and the mature volume is expected to reach approximately one million castings per year.
Mr Y.S. Chen, President of Mei Ta Industrial Co., Ltd said: "Following the installation of the SinterCast process control technology in 2006, our CGI development efforts have resulted in a highly efficient and robust CGI series production process. We are confident that our initial series production activities will further increase the confidence in the Mei Ta Group as a high-volume supplier of SiMo-CGI exhaust manifolds and turbocharger housings, leading toward additional series production commitments. We are committed to establishing the Mei Ta Group as the Chinese market leader for the production and export of SiMo-CGI exhaust manifolds and turbocharger housings."
Dr S. Dawson, President & CEO of SinterCast said: "We are pleased that the successful development efforts put forth by the Da Shiang engineering team has been rewarded with these high volume series production orders. With a near-term potential of more than one million CGI castings per year (>100,000 Engine Equivalents per year), the Da Shiang orders provide high volume production for SinterCast-CGI beyond the core cylinder block and head sector, and an important reference for the SinterCast technology as we continue to support the development of CGI in the Chinese market."
Tianjin and Stockholm, 13 November 2008
For more information contact:
Mr. Y. S. Chen Dr. Steve Dawson President President & CEO Mei Ta Industrial Co., Ltd SinterCast AB (publ) Shiang Ma Tai Xiang, Box 10203 Wu Chin District, SE-100 55 Stockholm Tianjin, P.R.C. Sweden Tel: + 86 22 8228 9920 Tel: +46 8 660 7750 Fax: + 86 22 8228 9731 Fax: +46 8 661 7979 e-mail: nws@nws.cn e-mail: steve.dawson@sintercast.com website: www.mei-ta.com website: www.sintercast.com
Da Shiang Precision Co., Ltd (www.mei-ta.com ), located in Tianjin, China, is a part of the Mei Ta Industrial group. The Da Shiang facility began operation during early-2006 and is a specialist facility for the supply of fully machined exhaust manifolds and turbocharger housings to OEM and Tier I customers in Asia, Australia, Europe and North America. The Taiwanese Mei Ta Industrial group also owns and operates the New Wei San foundry and machining facility on the same site in Tianjin. Both the Da Shiang Precision and New Wei San facilities are ISO 9001 and QS 9000 certified. With a current combined annual capacity of 70,000 tonnes per year of shipped castings, the Mei Ta group is the world's fastest growing supplier of exhaust manifold and turbocharger housing components. www. www.mei-ta.com .
SinterCast (www.sintercast.com ) is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). SinterCast produces a variety of CGI components ranging from 1.6 kg to 17 tonnes, all using the same process control technology. The end-users of SinterCast-CGI components include Aston Martin, Audi, Caterpillar, Chrysler, Ford, General Electric Transportation Systems, General Motors, Hyundai, International Truck and Engine, Jaguar, Kia, Land Rover, MAN, MAN B&W Diesel, PSA Peugeot-Citroën, Rolls-Royce Power Engineering, Toyota, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the Nordic Exchange, Stockholm (Stockholmsbörsen: SINT).
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