SinterCast

Press Release
For Immediate Distribution
 
·       Fully automated System 4000 installation
·       SinterCast-CGI production for aftermarket applications
·       Installation and commissioning targeted before year-end
 
[Curitiba, Brazil and Stockholm, Sweden 16 September 2024] – Maringá Soldas S. A., a specialist supplier of automotive cylinder heads for the aftermarket sector, has acquired a SinterCast licence for the production of Compacted Graphite Iron (CGI) engine components.  Under the terms of the agreement, SinterCast will install a fully automated System 4000 at the Maringá Soldas foundry located in Curitiba, Brazil, and will provide engineering support to establish a robust process for the production of CGI components conforming to the international ISO 16112 standard.  The installation is planned to be commissioned during the fourth quarter of 2024.
 
“Compacted Graphite Iron has been the fastest growing technology in the foundry industry over the past twenty years.  This cumulative growth has resulted in more than ten million CGI engines in the field, and an intense demand for CGI in the aftermarket sector” said Mr Sandro José Assolari, President of Maringá Soldas.  “As the original force behind the global CGI movement, and the world leader for CGI production, properties and application, we have taken the strategic decision to align ourselves with SinterCast. This alignment ensures that our aftermarket customers will benefit from the same process control technology and metallurgical quality as the original OEM components.”
 
“After more than twenty years of series production, it is rewarding to see our technology adopted also for the aftermarket sector.  We are pleased to develop this opportunity together with Maringá Soldas, and to continue to build on our many positive experiences in Brazil” said Dr Steve Dawson, President & CEO of SinterCast.  “With commissioning planned before year-end, the System 4000 installation at Maringá Soldas provides an important contribution toward exceeding our historical installation revenue of SEK 8 million in 2024.”
 
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 Maringá Cylinder Heads Technology is a Brazilian company that has been operating in the automotive spare parts market for 55 years. With recent growth investments that have tripled the production capacity of ductile iron, gray iron and CGI (SinterCast technology), Maringá has established flexibility in its coremaking and molding line to meet the demands of the most diverse sizes and dimensions of castings, in niche volume and series production. This versatility differentiates Maringá in meeting the growing demands from the independent aftermarket (IAM) and OEMs alike. Based in Curitiba, Brazil, Maringá has established itself as one of the largest manufacturers of cylinder heads for diesel engines in Latin America.  The quality excellence of its products and the wide range of components offered were the pillars of its growth in the domestic market. Maringá Cylinder Heads Technology currently operates in more than 30 countries on all five continents of the globe. For more information: www.maringasoldas.com.br/en/
 
SinterCast® is the world’s leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). Stronger, stiffer and more durable than conventional iron, CGI enables the development of smaller, lighter and more fuel efficient engines in passenger vehicle, commercial vehicle and industrial power applications. The use of SinterCast-CGI currently contributes to the reduction of approximately ten million tonnes of CO2 per year.  With 57 installations in 13 countries, SinterCast provides sustainable solutions for manufacturing and transportation to the global foundry and automotive industries.  SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com   
    
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