SinterCast
SinterCast commissions CGI installation at new Dongfeng foundry in China
Press Release
For Immediate Distribution
[Stockholm, 26 September 2023] – Dongfeng Automobile Company Co., Ltd (DFAC), one of China’s leading manufacturers of medium and heavy duty commercial vehicles, has completed the initial commissioning of a SinterCast System 4000 process control system. The system has been installed at the new DFAC greenfield foundry located in the Automobile Industrial Park of Xiangyang City in Hubei, China. As a greenfield facility, the System 4000 has been installed during the construction phase and the final commissioning and operator training will take place during early-2024 when the foundry becomes operational. Following the signing of Installation Acceptance by DFAC, SEK 2.5 million will be recognised as installation revenue in the third quarter results. The balance of approximately SEK 0.2 million will be recognised in 2024 when the process engineering and training is completed.
Following the 2015 installation of a Mini-System 3000 at the Dongfeng Commercial Technology Centre for CGI process development and product development, the fully automated System 4000 installation at DFAC becomes the second SinterCast installation in the Dongfeng group. It also marks the sixteenth installation for SinterCast in China and the twenty-fifth installation in Asia.
“Following the announcement of the DFAC order during the fourth quarter of 2022, the commissioning marks another milestone in our longstanding collaboration with Dongfeng” said Dr Steve Dawson, President & CEO of SinterCast. “We now look forward to establishing a robust CGI production process and exploring the series production potential together with the team at DFAC.”
For more information:
Dr Steve Dawson
President & CEO
SinterCast AB (publ)
Mobile: +44 771 002 6342
e-mail: steve.dawson@sintercast.com
Established in 1999, Dongfeng Automobile Co., Ltd. (DFAC) is a subsidiary of the Dongfeng Motor Corporation. As a specialist provider of light, medium, and heavy duty commercial vehicles, busses and off-road construction equipment, DFAC exports vehicles to more than 100 countries and regions around the world. DFAC Foundry Branch also supplies engine castings to its sibling company Dongfeng Cummins Engine Co., Ltd with displacements ranging from 3.9 litres to 13 litres. For more information: https://www.dfac.com/
SinterCast® is the world’s leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). The properties of CGI enable improved transport solutions, increasing efficiency and reducing carbon emissions in passenger vehicle, commercial vehicle and industrial power applications. As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies the SinterCast Ladle Tracker® and SinterCast Cast Tracker® technologies, to improve production efficiency and Industry 4.0 traceability in a variety of applications. With 57 installations in 13 countries, 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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Datum | 2023-09-26, kl 08:00 |
Källa | MFN |
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